I'll make this as short as possible, but I'm sure someone on here knows.
A few months ago my wife hit me with the ole "can my dad come live with us?". Of course, I'm not a fan of him so I said no. Well after quite a few arguments, and disagreements, surprise surprise, he still moved in with us. Agreed to pay us just 300 dollars in rent. So ugh, whatever, I lost that battle.
Anyways, he told my wife and I today that he won't be able to pay his rent anymore, because he found out today that the IRS is taking out 40 percent of his social security and retirement checks, because of back taxes he owed on his house he lost.
Now I don't know too much about paying back taxes on property, but first off, it's been close to 8 years since he lost his house. Would it take that long for them to come after him? And I always thought the back taxes falled on the new owner or property itself, not on the person who got foreclosed on/lost the house?
I could be completely wrong on all this. I just want to know if I'm getting bullshitted, so he doesn't have pay us rent
How much of your Social Security can the IRS take?
If you owe non-tax debts to other agencies, the first $750 of your monthly Social Security payment is off-limits to garnishment. But the IRS is different and can take its 15 percent cut, regardless of how little money you're left with.