[WSBARP] homestead exemption

[Kary Krismer]

I would recommend the services of Ken Weil for dealing with IRS tax issues, including the possibility of dealing with the liability through a Chapter 13 or even a Chapter 7 filing.

Kary L. Krismer
John L. Scott/KMS Renton
206 723-2148

From: John McCrady
Sent: Monday, July 10, 2017 2:37 PM
To: WSBA Real Property Listserv
Subject: Re: [WSBARP] homestead exemption

Essentially the state homestead protection does not extend to Federal Tax Liens.
However there are protections build into the Code that offer some limited help.

See Sections 6334(a)(13) and 6334(e) of the Internal Revenue Code

John McCrady
Counsel
Puget Sound Title Company
5350 Orchard Street West
University Place WA 98466
253-476-5721

From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Tim Knowling
Sent: Monday, July 10, 2017 1:40 PM
To: 'Wsbarp (wsbarp at lists.wsbarppt.com)' <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] homestead exemption


Listmates,

Will the homestead exemption protect a debtor’s home against an IRS levy/sale for past due income tax if the equity is less than $125k?    

Thanks for any help on this.

Tim Knowling
LAW OFFICES OF TIMOTHY J. KNOWLING
1833 N 105th  Street      Suite 101
Seattle, WA  98133
O: 206-282-5630
F: 206-281-9032


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