This is just an argument me and my friend had, not related to my own life.
If you have a live in girlfriend or boyfriend and she is cheating on her taxes and gets caught (she owns her own business and didn't file taxes for it) can the IRS take your home that's under your name. If you need more details to figure it out let me know.
2007-11-04 02:17:23 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
No since its under your name and are not married. Unless the house was bought with money she didn't declare and they can prove it which is very hard.
2007-11-04 02:21:32 · answer #1 · answered by ziggy_brat 6 · 1⤊ 0⤋
Unless you are implicated in the cheating scheme, which would be highly unlikely, your assets are safe.
Now, if the other person's name was on the deed for your home, that could be a different story; they could go after their share of the equity in the home. Normally the IRS does not foreclose on a tax lien. They just wait for a sale and take their due from the seller's proceeds at closing.
2007-11-04 02:30:12 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 1⤋
Only if her name is on your home with you,The IRS cannot take anything under someones elses name unless they are joint partners in the tax evasion.
2007-11-04 02:27:40 · answer #3 · answered by wanna know 6 · 3⤊ 0⤋
If the house belongs to you and not her (her name is not on the deed, she just lives there) then no--they can't. The only exception they might make for this rule (which is debatable and you might be able to fight if they DID do it)--is in the case of commonlaw marriages.
2007-11-04 03:44:50 · answer #4 · answered by lee 2 · 0⤊ 0⤋
They can only deal with property that's in his / her name. Unless they've been together 7 years or more. It then may be considered a common law marriage in some states.
2007-11-04 02:28:25 · answer #5 · answered by Vinegar Taster 7 · 0⤊ 1⤋
Determinants: if indirectly or, passively engaged with receipt of products / services or any form of compensation, and knowingly harboring evasion, yes. If clean, no if and or butts, can't touch.
2007-11-04 02:28:58 · answer #6 · answered by emugits 2 · 0⤊ 0⤋
No, it's your asset not hers.
2007-11-04 02:28:56 · answer #7 · answered by franc91 2 · 0⤊ 0⤋