How will the IRS divide proceeds on the sale of a home if there is lien?

I divorced my husband. He did not pay his taxes. We filed jointly for a few years and then I got wise and refused to file jointly. There are liens on the home we own, some liens are in his name only and for the joint filings, are in both names. The proceeds of the home sale will not cover the total lien amount, both joint and separate. My half of the proceeds will more than cover my share of the joint lien. His half of the proceeds will not cover all of the lien amount. Will the IRS view the proceeds from the sale as half mine and half his and take for the liens accordingly, which would give me a little money from the sale?

The IRS will take their liens first and then if there is anything to be divided they will send you a check although if you can prove your half is sufficient for the tax years involved they may cut you some slack but i highly doubt it .

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Hi there!  Lorraine here from HOUSEDRESSINGS Ltd AUCKLAND.

www.housedressings.co.nz

Here are some vital tips for presenting your home for sale.

1. De-clutter your living spaces. Start first on the kitchen area. Clear all clutter on bench tops,window sills and clean all surfaces. All papers,bills,debris, file neatly away.

MOTTO: When in doubt – chuck it out!  Or at least store it away!

2. Re-arrange living room for a good spacial flow & layout. Any pictures on walls should be placed at eye level and curb all the personal pics and effects scattered throughout.

Minimalism is best as most potential buyers can’t imagine themselves living in that space with your accumulated clutter.

3. Add some bright funky cushions to your existing sofas to modernize and enhance the setting and place a nice rug under the coffee table (maybe shagpile or something contemporary ) to complete and define the living area.

Lighting is paramount for ambiance, so include a modern standard lamp or side table and lamp.

Accessories and modern art play a huge role in creating the ‘wow’ factor and clever use of colour is most important.

These are the important factors which brings it all together.

4. Beds should be dressed up  with modern duvets/plump pillows/valances/ cushions/bedside cabinets and stylish lamps. These don’t have to be expensive-go for style.

5.Bathroom: Add soap pumps/quality towels and choose colours to co-ordinate the existing.theme.

6. Don’t forget the entrance area. This is the first introduction to your home. Add a hall table with a floral arrangement or maybe a candleabra with canvas artwork above. (Abstracts work well in most settings.)

When having an open  home – make sure you have some music playing in the background. Light jazz works well or easy listening classics. This helps curb the awkward silences and helps people to linger longer to create a ‘connection’ with prospective buyers.

If you feel you are out of your comfort zone in acheiving this, then call a Home Staging Professional.

HOUSEDRESSINGS Ltd   are experienced in putting it all together, taking into account the style of home, existing colour scheme, best spacial layout. and your budget .

Staging can be : Partial – just a living area and a bedroom to full staging of  your home, complete with outdoor furniture.

We can also pack and store your existing furniture while your home is on sale.

If you have any questions feel free to ask.

Visit our website and leave a message on our contact page.

www.housdressings.co.nz

Email: lorraine@housedressings.co.nz

Kindest regards,

Lorraine Wilson (director)

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Article Source: ArticlesBase.com – Styling Your Home for Sale and Presentation

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