[WSBAPT] Decedent's Taxes & IRS Tax Liens

[John J. Sullivan]

Paul:

Not a good idea. Be careful. For back income taxes IRS cuts in line ahead of general creditors and behind last illness/burial. 

http://www.hodgsonruss.com/newsroom-publications-8881.html

John Sullivan

Sent from my iPad

> On May 12, 2017, at 12:34 PM, Paul Neumiller <pneumiller at hotmail.com> wrote:
> 
> I have been assisting Girlfriend (GF) probate Decedent’s estate (long cash-depleted illness).  Will says everything goes to GF.  There is little to no money but a residence with some equity.  GF has successfully dealt with all creditors and has filed Decedent’s tax returns.  We were able ready to close probate but GF just received a Notice of Intent to Seize Property or Rights to Property from the IRS for about $9k  for the past three years for Decedent’s taxes (news to me).  While I plan to bring in an accountant to advise the GF vis-à-vis the IRS, I am curious, what horrible things, if any, would happen to GF if we used a PR Deed and transferred the residence to GF before the IRS slapped a tax lien against the house?  Is this a fraudulent transfer?  If not, can the IRS force her to sell the house in order to pay Decedent’s back taxes.  We have been able to negotiate with all other creditors to accept pennies on the dollar. 
>  
> <image002.jpg>         
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