March 1st, 2010
Does a quick claim deed protect us from the IRS?
My husband and I bought a piece of property with cash a couple years ago. My husband now has tax problems and we are worried about the IRS taking the property. My parents let us borrow some of the money to buy it origionally and they don’t want to lose thier money either. If we quit claim this property over to them so that we have no interest in it, can the IRS take it from us still or place a lien on it? There is no mortgage.
We are on a payment plan, but I am still afraid of what might happen. Can they take our assets or just put a lien on them? We don’t owe that much, but the property does not really have any equity to exploit for money.
Related posts:
- When it comes to real estate what is the difference between a grant deed and quick claim deed? 1. What is the difference between a quick claim deed, and a grant deed? 2. To take someone off of the property (buy out) what form do we need...
- does a quick claim deed removes the person name from the loan also. What is a quick claim deed exactly? I know it means to give up a property to someone else but would it remove the previous owner name from the loan that bought the house. ...
- Is it illegal to quick claim a property for 10 dollars to someone and then the person that quick claim it? This realtor quick claim me his property in my name and then he sold it to look like I actually sold it. The money from the property went into...
- What is the effect of a Quick Claim Deed on Medicare? I have a complicated situation. Twenty three years ago my Mother-in-law was living in Washington (we live in California), she did all the paper work for my husband and...
- How do you use power of attorney on a quit claim deed to sell property? My friend is buying a house from a woman whose Mother is in a nursing home. She has power of attorney. Can she fill out a quit claim deed...
Filed under: Buy Property











































Si usted tiene problemas you' del IRS; re en apuro. Consiga un abogado y todo su papeleo en la pregunta y vaya ven qu? se puede hacer con el IRS ………. primero apagado, don' t trasero cualquier cosa de ellos porque lo encontrar?n y ?se le causar? m?s problemas a largo plazo. ?Buena suerte!
Ik ging deze vraag – maar Frogie beantwoorden geeft u goed advies – goed geluk.
Trasactions om activa te beschermen, nadat de gerechtelijke procedures kunnen/in werking worden gesteld zal worden ten val gebracht.
Als geen gerechtelijke procedures in werking worden gesteld, misschien. Er zijn tijdslimieten, die niet erkend als zeer recent zullen.
Raadpleeg een procureur.
figure what you owe them and take a mortgage on the property. irs wants money you owe them, not your home.
suck it up and pay.
Assetts zu verstecken ist ung?ltig. Sie k?nnen es tun und sicher sein, aber, wenn sie Ihre geschraubte Verwirrung mit der Regierung herausfinden, sind nicht eine gute Idee. Ihr Beste ist, ihnen zu erlauben, ein Pfandrecht auf es zu setzen und eine Weise zu finden, mit dem Geld aufzukommen. wenn das IRS setzt ein Pfandrecht auf Ihre Gutschrift. es ist unm?glich, ein anderes Haus oder Eigentum zu kaufen, also erhielten Sie, irgendeine Art Zahlungsvorbereitungen herauszufinden und mit ihnen durch zu folgen, also setzen sie sie nicht auf Ihre Gutschriftaufzeichnung. Oder geben Sie sie auf und beginnen Sie ?ber. h?ngt von ab, was Sie tun k?nnen
Dont mess with the IRS. They will take what is theirs and more with penalties and interest. I would suggest getting a loan on that land to pay them off ASAP if possible.
If the lien hasnt been placed yet, you may be able to do it. If the IRS has already said they are coming after the property, its too late. Try to work with them, and see if they will work out a payment plan with you. They will be taking your years of tax returns as well until this debt is paid off.
Seek legal counsel as well, you may have more problems then you know if the amount owed is very large, and the IRS has been trying to get this money for a long while.
Best of luck to you.