2006-08-22 10:17:21 · 14 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Yes, they absolutely can. You would have to owe an awful lot for them to go to those measures, however. They will first try to get the money from you by other means. You can work something out with them before they take it that far, because, although they will take your house, they really do not want it, they just want their money. You can also hire an attorney to help you with this. There are attorneys who specialize in just this type of matter. If you are in this situation try not to lose sleep over it because there are ways to rectify the matter before it goes that far. Good luck.
2006-08-22 12:37:45 · answer #1 · answered by whatshername 5 · 0⤊ 0⤋
Unfortunately, it's true. From MSN Money website:
"Can the Internal Revenue Service force me to sell my home in order to satisfy a tax lien?
Sorry, but yes. Most creditors can’t force you to sell your home, unless you have pledged it as security for a loan. But there’s an exception if you owe the Internal Revenue Service money
The IRS can place a lien on your home or other property, especially if you don’t have a steady job that the IRS can attach. Other creditors with real estate liens (except mortgage or home equity lenders) generally wait until the house is sold or refinanced to get paid. The IRS, however, can force a sale if the amount you owe is substantial.
The IRS generally seizes homes only as a last resort, however, and the process of doing so takes considerable time. If you stay in communication with the IRS and try to work out a way to pay your back taxes, you can probably avoid such drastic results."
2006-08-23 05:22:45 · answer #2 · answered by sjoschko 3 · 0⤊ 0⤋
Yes but you would have to owe an extreme amount, normally they will start with collections, garnishments, attaching your checking and savings account.
taking your property is much further down on the list.
Of course if you owe them 3 million, then perhaps theyw ill go after everything first
2006-08-22 10:23:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes, but you would have to owe an astronomical amount for that to happen. Usually they put a lien on it and get paid when you sell.
They have many other ways to collect that they try first.
If you owe that much, file an offer in compromise.
2006-08-22 10:38:48 · answer #4 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋
yes they can only if its taxes owed on your house I think
2006-08-22 10:22:34 · answer #5 · answered by Rondi 4 · 0⤊ 0⤋
I suspect if your tax debt is great enough that they would have to take your house and sell it to get their money. Not a tax code expert but thats my best guess.
2006-08-22 10:21:44 · answer #6 · answered by Anonymous · 1⤊ 0⤋
YES!! they take what they want to get what you owe
2006-08-22 10:46:34 · answer #7 · answered by tk7587 1 · 0⤊ 0⤋
The truth is tax liens are common. If you ever sell they are paid first.
2006-08-22 10:24:55 · answer #8 · answered by Jessica M 4 · 0⤊ 0⤋
Yes, but they will try to attach to other assets with equity first.
2006-08-22 10:31:41 · answer #9 · answered by 3eleven 4 · 0⤊ 0⤋
UMMM,.....YEAH!!! and car and Land And Boats and everything in your house and pockets baisicly!!!!
2006-08-22 10:20:56 · answer #10 · answered by chelseanjames 1 · 1⤊ 0⤋