Legal Question in Real Estate Law in Texas

I own a home and I have a lien on it by the IRS. I own back taxes. I recently moved out and into my fianc�'s home and plan on leasing the house out. This way I can collect enough in rent that will allow me to triple almost quadruple my installment payments to pay it off sooner. I informed the IRS of my new address for forwarding documentation.

I just got a Letter of Intent to Levy (seize my property or rights to property) from the IRS.

Can the IRS take my home from me?


Asked on 12/16/13, 4:42 pm

1 Answer from Attorneys
Mark Dunn Mark D. Dunn

Yes, the IRS can take your home from you.

You need to talk to them about an installment agreement (or a NEW installment agreement). Take a look here:

http://www.irs.gov/pub/irs-pdf/f433d.pdf

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Answered on 12/27/13, 2:31 pm


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