Can I Sell My House With a Tax Lien? Who Gets to Claim the Child on Taxes With 50/50 Custody?

| Mar 8, 2021 | Accounting and Tax, Child Custody |

To finish our FAQ series, we will cover questions that overlap with the firm’s other areas of practice.

  • Can I sell my house with a tax lien?
  • Who gets to claim the child on taxes with 50/50 custody

 

Can I Sell My House With A Tax Lien?

There are a few options for dealing with a tax lien before the sale can close. These options are: One – Dispute the tax lien with the IRS, Two – Request a certificate of discharge from the IRS, which will detach the lien from the house so that it  can be sold, but does not absolve you from the tax debt.  Three – Satisfy the delinquent tax and pay off the debt. Four – Pay off the lien amount at closing.  Five – Wait for the debt to expire if the tax lien is low.

Who Gets to Claim the Child on Taxes With 50/50 Custody?

It overall depends on the agreement. Generally, the parent who has custody for the greater part of the year gets to claim the child as a dependent. According to the IRS “Custody Ratio Tiebreaker Rule”, if custody is split exactly 50/50, the parent with the higher adjusted gross income (AGI) gets to claim the child for tax purposes.

If you have any questions about the topics discussed in this article, or any tax law matter, please give us a call at Bononi & Company 724-972-4180.

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