I own a home in my name. I am considering a home equity loan under my name with my fiancee as the co-applicant on it. If my fiancee owes the IRS taxes, could the IRS put a lien on my home via the home equity line of credit loan?
If your fiancee is an owner of the property, that would be an asset in which they have an ownership interest. The IRS can definitely attach assets. If your fiancee is only on the debt, not the property deed, then there is no asset owned.
The same applies to any depositaccount that you have jointly. That deposit account is an asset when there are funds on deposit. Your funds become your fiancee's in that case.
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If your fiancee is an owner of the property, that would be an asset in which they have an ownership interest. The IRS can definitely attach assets. If your fiancee is only on the debt, not the property deed, then there is no asset owned.
