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 » House vs. Rent in Some Areas ... My Short Sale Experience

House vs. Rent in Some Areas ... My Short Sale Experience

Topic: Home selling

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Sajawal
The IRS would only be going after you if distribution of the asstes was made without the tax debt being paid by the estate. The executor of the estate shouldn't have given any asstes without a release from the IRS. You may have a case against the executor for breach of fiduciary duty but you'll still have to pay the taxes owed. The IRS does offer Installment Agreements on tax debt for people in situations like yours. Definitely look into a penalty abatement to try to cut that down because in this may not be your fault.
read more... 05/01/2012

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