Originally Posted by
Ohiotj
This just happened this week to us. My father in law is a CPA. He got busted back in 96 for cooking books for a bunch of his friends. Her family lost their house, land, and had around a million bucks in IRS liens on him. He divorced my wife's mother and she only got a duplex in the settlement. She passed away in 2005. He hid all his money in some LLC's that he set up in the kids names. So the money was untraceable. Now my wife and her brother are trying to sell the duplex. There are still active liens but the attorney said they should be able to be removed. Her father doesn't want the duplex to sell because he made a promise to the one tenant that she could live there as long as she wanted. She has been there for 15 years and her rent never went up. In fact he just lowered her rent and singed a year lease before we were able to remove him for dealings with the duplex. Also we think her dad has been using the duplex as a tax right off since he was helping with it. How's that for a good start to this thread!
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