Can The Irs Seize A Co-owned Vehicle?
My dad is potentially getting his assets seized. I don’t know all of the details but he owes around 200k and he probably has $150k in assets. I bought my car in cash with my own money ($8k) but both my name and his are on the title (registration purposes, I’m going to school out of state). Unfortunately I can’t get his name off the title without both of us present with a notary which isn’t feasible right now. Can the IRS seize it even with my name on the title? Assuming they don’t give a f* that I’m the one that bought it. I’m 20, financially responsible and on path to have zero student debt but losing my car and getting dragged into this would derail everything. My dad says that it won’t happen but I feel like I should be working to get his name off the title, should I be worrying?
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