Yes. If you are married and jointly own the home the house is a marital asset. You may divide the proceeds equally. But, be careful. You may not need to report the income if you meet certain criteria. A quick talk with a Florida tax attorney may help you make a decision on the tax treatment. Don't pay taxes unnecessarily.
If you fall below certain income guidelines you may be able to cash the check without issue. But, tax planning if important. If you have already received the check then talk with a tax attorney before you cash it. The tax attorney can look at your total financial picture and determine an appropriate course of action.
I agree with Attorney Johnson. Hiring an attorney to help determine the types of tax deeds will be worth it in the long run. A quick look at court house records will give you an idea before hand about the liens that exist. A good title company can also help.
If you receive a monetary gift you will not have to pay any taxes as the recipient. The donor can benefit from your gift because of (1) reduced estate taxes and (2) reduced income taxes. Moving money out of an estate via lifetime gifts removes future appreciation on the asset. Plus, if you give property that has a low tax basis (such as a rental house that has depreciated way below its fair market value), or property that generates a lot of taxable income, you may reduce income taxes paid...
There are a number of possible solutions for you. One possibility is the fresh start program. But this depends on your history with the IRS. Taxpayers experiencing financial difficulties can negotiate with the IRS. Do not enter negotiations with the IRS without a tax attorney. Please talk with a tax attorney immediately. A comprehensive review of your financial situation will allow for a more accurate answer to your situation.
A letter from an attorney may help speed the process along. It is important to document your contact with the IRS via certified mail. Make a log of every time you contact them including the name (or id number) of the person. An IRS agent usually has an employee ID number. Be persistent.
If a federal tax lien was filed in the county courthouse it attaches to any property owned in that county. To remove the lien without paying in full you may try to submit a:
1. Discharge of property — Allows property to be sold free of the lien. The seller or buyer can submit Publication 783, Instructions on How to Apply for Certificate of Discharge From Federal Tax Lien.
2. Subordination — Does not remove the lien, but allows other creditors to move ahead of the IRS, which may make it easier...
Yes you probably have grounds to dispute. But, you really need to get a full consultation with a review of all the documents to give your chosen attorney the full picture. Please don't wait because there are strict time limits involved with tax issues.