I received a letter from the IRS today of Final notice of intent to levy...
It states that I am discharged from personal liability however there was on notice of federal tax lien...(they put a lien on my house which I no longer have)
This letter is to notify you of prepetition property.This includes personal property you exempted, 401k, and property abandoned by the trustee.
Now the only property I have prepetition is as follows.
vehicle worth 7-10k
250 cash which was abandoned by the trustee
4k in household goods which was a high estimate.
What can they actuall come after? I am most concerned about the vehicle I guess as it is our onl vehicle. The next question would be if the lien on the vehicle it self and if so can I legally trade it in on another vehicle? I was looking into doing this anway as the vehicle has 130k miles on it.
Thanks
Kevin
It states that I am discharged from personal liability however there was on notice of federal tax lien...(they put a lien on my house which I no longer have)
This letter is to notify you of prepetition property.This includes personal property you exempted, 401k, and property abandoned by the trustee.
Now the only property I have prepetition is as follows.
vehicle worth 7-10k
250 cash which was abandoned by the trustee
4k in household goods which was a high estimate.
What can they actuall come after? I am most concerned about the vehicle I guess as it is our onl vehicle. The next question would be if the lien on the vehicle it self and if so can I legally trade it in on another vehicle? I was looking into doing this anway as the vehicle has 130k miles on it.
Thanks
Kevin
They especially love tax refunds.
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