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Transfer property/Deed to my Son

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michaelnitka Joined: 20 Jan 2010 Posts: 1 1.31 Dollars($)	Posted: Wed Jan 20, 2010 1:03 pm    Post subject: Transfer property/Deed to my Son Like 0 Dislike 0 Hello from Texas I want to transfer my property/deed to my son. It has been my intention to do so since I bought this property to fix up 2 years ago. I now want to speed up the time table to give to my son due to the IRS tax problems that may end up putting an IRS Tax Lein on property here in a few months if i cannot solve otherwise. Question ? Can I do this without the IRS calling it a fraudulent transfer ?thanks !!
adonis Joined: 22 Oct 2005 Posts: 10569 Location: ALASKA 1090.22 Dollars($)	Posted: Wed Jan 20, 2010 10:00 pm    Post subject: Like 0 Dislike 0 Hi michaelnitka, If you transfer the property now, the IRS will consider it as a fraud. The IRS may think that you transferred the property to your son in order to avoid the tax lien on the property. You should first clear off the tax dues and then transfer the property to your son. _________________ Procrastination is the enemy of your financial success

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