Third Party Liability

There are federal statutes that provides the IRS with the ability to transfer the liability of one party to a third party under several distinct provisions referred to as transferee liability, fiduciary liability, successor liability, and nominee or alter ego. Additionally, any of these legal theories for third party liability can also involve the assertion of fraud.

Understanding IRS Successor, Alter Ego , Nominee, And Transferee Liability

Third Party Liability | Transferee Liability |

You invested your entire savings and better part of your working life into your business in an attempt to have it succeed and ultimately grow.  During this time many unforeseen obstacles occurred that caused you to have to make difficult decisions, one of which was to forego making a tax […]