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I owe IRS back taxes and live in cooperative apt which I own. Will I be forced to sell my shares?

This is the only home I own. I do pay monthly assessments for which I'm behind in. I'm Currently unemployed but looking for work. Have a 10 year old car, but no other assets. No savings, no more 401K or employee stock options, all gone! No more cash value on whole life insurance policy - I lived off this already. Thanks for any advice. I filed the tax return late. I owe 50,000. Was laid off and had some medical issues and lived off savings, 40lk and sold employee stock options.

Public Comments

1. It's possible but not too likely. The IRS probably has a lien on your shares already but they'll usually just wait for you to sell and then just take their due from the closing.