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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: ChanceIs who wrote (85183)8/14/2007 11:33:59 AM
From: Think4YourselfRead Replies (1) | Respond to of 306849
 
I would also think the tax is on the person, not the property, so the IRS would not be able to attach liens on property not in the persons name, UNLESS they had reason to believe the title transfer is not "real" but rather simply a way to avoid attachment.



To: ChanceIs who wrote (85183)8/14/2007 11:36:24 AM
From: Travis_BickleRead Replies (1) | Respond to of 306849
 
No the lien only attaches to property the taxpayer owns, obviously if he no longer owns it the lien can not attach, unless the transferee liability rules apply (section 6901 of the Code). Pretty much the same as fraudulent conveyance rules.