Tax Law (Questions About Taxes)/Tax lien

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Question
Our jointly owned home has a $90K tax lien. After our divorce,I would like my wife to own the home and I want to accept full responsibility for the tax debt. Will she be able to get the lien removed? I'm willing to have my acceptance of this responsibility in writing.

Answer
not likely if the tax lien was put on while you were married (joint responsibility) and unless you have assets that whomever (town, state or feds) wants to be paid can use for security.

Think about it - someone owes you 90k and you have a lien on their property and you think that 90k will be paid even if you have to foreclose on that property. what would you want to happen before you released that lien ?>

you will ultimiately have to pay or provide sufficient resources to cover the debt.

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Tax Law (Questions About Taxes)

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Tax and general business including hospitality related (hotel mgmt degree and experience in industry prior to obtaining ms tax and cpa).

Experience

19 years cpa. ms tax. NOTE: My discussions are only a general information and do not constitute tax advise without entering into a specific agreement and executing an engagement letter; This free chat is nothing more than general information and should not be construed as tax advice nor does my response or replies imply an agreement to provide client specific advice or other guidance for purposes of avoiding IRS tax or penalties and should not be relied upon without your own validation and confirmation of the how the discussion may fit your facts... Not having all the facts and/or not having a direct client relationship prevents me from providing the most accurate replies as possible and I highly suggest using a local CPA to provide you with written advice and guidance. Taking matters into your own hands is much akin to trying to land an airplane without a license. It is easy to FLY a plane, but LANDING is when critical experience is key. In short, caveat emptor; do your homework and don't just rely on free chat board advice anywhere, anytime.

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AICPA, CSCPA (Ct society), National Tax,

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a bunch.

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MS tax and other post graduate coursework

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variety including Summa Cum Laude

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