Issue: When a court allocates the proceeds from a sale pursuant to 26 U.S.C. Â§ 7403, which allows district courts to order a sale of a delinquent taxpayerâ€™s property to satisfy a federal tax lien, even if the property is co-owned with another individual who does not owe taxes, and provides that the proceeds of the sale should be allocated "according to the interests of the parties and of the United States," must the court take into account the additional value of the survivorship right of the spouse with the longer life expectancy and any other asymmetrical rights or must it instead allocate the proceeds equally to each party in every situation?
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.