Legal Question in Real Estate Law in New Jersey
If there is an IRS tax lien on a property owned by myself and the person whose tax lien it is, can the lien take my half of the sale price?
Asked on 10/08/14, 11:10 am
1 Answer from Attorneys
John Corbett
Corbett Law Firm LLC
The lien only attaches to the property owned by the person owing taxes. However, the escrow agent can't be expected to decide the ownership issues. So, if the tax lien is greater than the other person's share (not all the lien will be paid), be prepared to prove your ownership share and get the concurrence of the IRS before the distribution.
See also: http://info.corbettlaw.net/lawguru.htm
Answered on 10/08/14, 11:38 pm
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