Home Buying in Winnemucca>Question Details

Diamond1, Home Buyer in Sparks, NV

I am being penalized $1500.00 under the home buyers prigram because the IRS claims I owned a home even if the home was in my ex wifes name for 5 years

Asked by Diamond1, Sparks, NV Wed Dec 21, 2011

The IRS says the tax code "deems" that I owned a home even if my home was in my ex's name for five years I contend that I did not own a home. I have paid back the 7500, now they want a 20% $1500.00 penalty 800.00 interest. Is there any others

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Having sat down with the IRS recently; I can recommend sitting down with them:
I watch the other people, and those with anger on their face and a chip on their shoulder don't get very far.
Just explain everything and ask them to help you.
I found that most IRS offices are staffed by humans.

Good luck and may God bless
0 votes Thank Flag Link Wed Dec 21, 2011
Sounds like you need the advice of a good accountant or real estate attorney. As long as the advice doesn't exceed the amount due. I'd start with an accountant then measure your options.
0 votes Thank Flag Link Wed Dec 21, 2011
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