What happens if you die owing the IRS?

Does the tax debt disappear?

Can the IRS come after your estate?

What happens to your house and other assets?

And could the person handling your estate actually become personally responsible for mistakes they make?

In Episode 25 of The Flip Side of Death, Lynn Stone sits down with former IRS insiders Robert Valenzo and Felix Buxo of Falcon Tax Resolution Group for an eye-opening conversation about what happens when death and the IRS collide.

Together, Robert and Felix bring decades of experience inside the Internal Revenue Service, including tax collection, enforcement, financial hardship cases, offers in compromise, liens, levies, and complex tax resolution matters.

And they've seen firsthand what can happen when someone dies without taking care of their tax problems.

In this episode, we discuss:

• What happens to unpaid IRS debt after someone dies
• Why tax problems don't simply disappear at death
• What executors and personal representatives need to know about IRS debt
• How tax liens can affect an estate and property
• Why ignoring IRS notices can create much bigger problems
• How families sometimes discover years of unpaid taxes after a loved one dies
• Why spouses should understand the family's complete financial picture
• Tax records you should keep and make accessible to your family
• The difference between IRS liens, levies, installment agreements, currently not collectible status, and offers in compromise
• Warning signs that a manageable financial problem may be becoming a serious tax problem
• Why cash-flow problems can quickly turn into tax problems
• How scams targeting older adults can create unexpected tax consequences
• What families can do now to avoid leaving behind a tax mess

Robert and Felix also share stories from their years inside the IRS—including families forced to deal with tax problems they didn't know existed until after someone died.

Their message is simple:

Take care of your business while you're alive.

Know what you owe. Keep your records organized. Don't ignore IRS notices. Make sure someone you trust knows where your financial information is located. And when the situation becomes complicated, get professional guidance.

Because your death doesn't necessarily make your tax problems disappear.

It may simply hand them to someone you love.

Find Falcon Tax Resolution Group at www.falcontaxrelief.com

Death is inevitable. Chaos is optional.