We have appointment with accountant on the 15th. I know there is a statute of limitations. But I may have retolled by paying her taxes last year in the sale of yet another property in Texas. We have an attorney, very good in elder law. Just wanted to know your experience. God. Just when you think you have put out a forrest fire, you find other embers.
Other than hiring one of those forms that work to diminish the tax debt the person will still have to pay something. Those tax firms diminish debt and do not erase debt.
Others will chime in soon re dementia pts having a POA & the POA’s role in overseeing the sale of the property, but I don’t think that will effect the tax burden or erase it.
Experience 20 years later (in 2018) was to refer elderly loved one in Al, to same for tax relief. Advice not taken, family saying it was too expensive!
RESULT:
IRS has attached SS payment monthly, plus penalties. Elderly in an Al!
The mistake here was to talk to the IRS themselves, trying to negotiate.
Do not do that, imo.
Thank you very much for your insight.