[CLBS] Federal tax lien and homestead proceeds

[Tim Tarter]

Yes; a federal tax lien is not subject to state exemptions.  See In re Selander, No. 16-43505 (Bankr. W.D. Wash. Oct. 19, 2018) for a general discussion of this issue in a Chapter 7 context.  

Tim A. Tarter, Esq.
Woolston & Tarter P.C.
Suite B-218
2525 E. Arizona Biltmore Circle
Phoenix, AZ  85016
Desk   602.532.9197
General 602.532.9199
Fax.    602.532.9193
email:  tim at woolston-tarter.com
Practice Limited to Tax Controversy


>>> "Holly Roark" <holly at roarklawboise.com> 10/15/2019 8:56 AM >>>
Does a federal tax lien attach to homestead proceeds in Idaho during the
year that they would otherwise be exempt under 55-1008? In other words,  if
the funds are in a segregated account, traceable to the sale of the home,
does the IRS's lien attach to such exempt funds? 

 

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