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Old 04-18-2004, 04:13 PM
Phil Marti
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Default Re: federal tax lien

"bahlg" <enoaboba[at]yahoo.com> writes:

- quote -

> just found out my dad owes about $65K on federal fax lien.
> We have no idea what to do or what is going on. My dad
> doesn't know we have found out yet and I want to get as much
> information as I can.


You already have. There's no other public information
available.

- quote -

> I found this out from our county's
> records office..so is the amount current or what the lien
> was in '97 when it was put on the house?


It was the unpaid assessed balance at the time the notice of
lien was filed. The current balance would reflect accrued
penalty and interest and payments made after the notice was
filed.

- quote -

> Are his wages being garnished for sure?

The notice of lien has nothing to do with garnishment.

- quote -

> Anyway to find out without asking him? I read about Offers
> in Compromise a little..is this something to pursue?


Who knows? Try reading IRS Publication 594.

- quote -

> What about deeding the house to me or my mom?

The notice of lien establishes the government's position
with respect to the property. It cannot be sold,
transferred, or otherwise encumbered without clearance of
the lien.

If you want more information about your father's case,
you're going to have to ask him.

Phil Marti
Topeka, KS

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  #-1  
Old 04-15-2004, 06:36 AM
bahlg
Guest
 
Posts: n/a
Default federal tax lien

just found out my dad owes about $65K on federal fax lien.
We have no idea what to do or what is going on. My dad
doesn't know we have found out yet and I want to get as much
information as I can. I found this out from our county's
records office..so is the amount current or what the lien
was in '97 when it was put on the house? Are his wages
being garnished for sure?

Anyway to find out without asking him? I read about Offers
in Compromise a little..is this something to pursue? What
about deeding the house to me or my mom?

Many thanks

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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