Legal Question in Tax Law in California

I owe Federal taxes for last 8 years. My wife and i have set up a payment plan with I.R.S. The I.R.S. accepts this monthly but also has a Large Lien on my house(property,etc.) that is indefinite(in terms of time).

My question is: Can my wife borrow money from her 401K for house repairs(a significant amount) and not get the money seized by the I.R.S.? Thank you for your opinion.


Asked on 10/23/09, 2:23 pm

1 Answer from Attorneys
OCEAN BEACH ASSOCIATES OCEAN BEACH ASSOCIATES

How much is the tax lien? I would contact the IRS and inquire with them.

Contact me directly.

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Answered on 10/28/09, 5:32 pm


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