Reply To: Husband passed away. $22,000 tax debt. OIC?

Home Forums Offers-in-Compromise Husband passed away. $22,000 tax debt. OIC? Reply To: Husband passed away. $22,000 tax debt. OIC?

#44504
Marvin Mann
Participant

Hello

1. I disagree re dissipated asset, I believe there is a 3yr look back, and IRS would include the value of the truck minus exemption or $6,500 approx
2. The one thing I am not sure about is if you transfer the truck out of TP name, and IRS claims dissipated asset, would they allow the $3450 exemption if truck not in TP name.

Marvin