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I am a 50 % owner of property in Mexico and my partner wants to buy my interest out. Will the IRS take my proceeds to pay my delinquent taxes?

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This entry was posted by admin on February 26, 2010 at 2:13 pm under IRS. Tagged , , , , , , , , , , , , , , , , , , , . You can leave a response, or trackback from your own site. Follow any responses to this entry through the RSS 2.0 feed.

3 Comments

  1. Bostonian In MO says:

    yes they will and they should

    February 26, 2010, 2:29 pm

  2. Renee says:

    The certainly can.
    Whether or not they can directly put a lien on foreign property is a matter for the diplomats to work out. However once you repatriate the funds the IRS has every right to them, without question.

    February 26, 2010, 2:38 pm

  3. s and d e says:

    Yes, most (but not all) countries will usually co-operate with the IRS regarding back taxes.

    February 26, 2010, 2:39 pm

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