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How long from the time the IRS places a lien on Real Estate to the time they can auction the property? |
I am the executor of the Estate that owns Real Estate valued at well in excess of $500,000 and the estate owes roughly $25,000 in back personal income taxes on behalf of the deceadent to the IRS. Once the IRS places a lien on the Real Estate owned by the Estate, how long does it take before the IRS is able to force the property for sale or auction? Selling the property is not an option as it has been in the family for many years and is historically a very important piece of real estate. Sell the property yourself and pay off the KGB. A second, or ever a third mortgage would be better than owing the IRS. They have to go to court and get a order for the sale, then a deputy us marshall holds the auction and distributes the money. If the property is worth that much, why not just sell it and pay them off? |
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When a felony is reduced to a misdemeanor, it becomes a misdemeanor for all purposes, so you can say you have not been convicted of a felony. However, "expungment" in California under Pe... Short answer - get another attorney. If someone isn't actively contesting some point of the estate the only reason to hang on to the funds is that someone is intentionally being an @sshole. ... First, you should get the advice of the attorney who prepared the documents on all of these matters. Don't trust advice you get for free from the internet about legal matters. A lawyer in yo... get a lawyer and let him or her do the fighting for you. ...Any residue should go into their estate. ...You should speak with a probate/estate attorney. There are important questions they will want to know before they can give you any answers, such as, what are the assets of the estate, and who else... each country has a different laws. you forgot to mention yours, now for your accurate references type to the search bar your country then estate law. ex usa estate law. then from then on you ... No it passes automatically. It is not part of the estate i.e. no probate or other court intervention is necessary. When you say joint property is part of the estate--that is not really accurate.... |
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