QUESTION
If I sell the home, can the IRS place a lien on the proceeds, and attempt to collect her back taxes from what is now my money?
Asked on Sep 01st, 2017 on Estate Planning - Ohio
More details to this question:
My mother died owing back IRS taxes. She was current with payments, therefore no NFTL Lien was placed on her home. She signed a Transfer on Death Deed which made the house entirely mine upon her death. Her home was not counted by the Court as an asset.
1 ANSWER
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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The IRS can only place a lien on property which is owned by the taxpayer. Now that it's your property and you're not liable for her taxes, the IRS can't lien you for the taxes.
Answered on Nov 04th, 2017 at 8:25 AM