The ever-loving state of California (remember when it was a fun place to be?) has placed a levy on my bank account over taxes - without bothering to ask for the money.
Aside from the obvious of closing that account and moving it elsewhere:
This is a issue of cap gains on sale (by a 59-year old) of his primary (and sole) residence.
The money they took came from Social Security Disability (NOT SSDI).
I thought over-55 sale of primary residence was a one-time tax exempt matter - they obviously disagree (the sale was in 2008)
I thought the Soc Sec Disability money was untouchable.
I’d love for the ultimate authority on these issues would cruise in, but don’t really expect her/him to do so.
Short of that, to whom do I turn? I was planning to do a Reverse Mortgage in August, which would free up enough money that I could to buy real food, re-carpet the house, etc. That is, to say the least, in jeopardy.
I cannot afford either, but which do I need more - a lawyer to protect my equity/ block their levies, or an accountant to negotiated the maze of tax law (I did a ton of work on the house (it was a 3/1, virtually no kitchen, it is now a 3/2 (with impressive kitchen) upstairs, and a studio with a new kitchen and bath down) - and have few, if any receipts from 20 -30 years ago.
And, cannot anyone tell me how I got the idea of over-55 exclusion or that the SS payment were untouchable? I used to be able to trust my mind, but even that seems to have been taken from me.