Stock Sale Triggers Transferee Liability for Buyer’s Tax Liability

In Marshall v. Commissioner, T.C. Memo. 2016-119, the U.S. Tax Court concluded that business owners who sold their stock was liable for the buyer’s Federal income taxes that arose after the sale. The facts and procedural history are as follows: The taxpayers owned Marshall Associated Contractors, Inc. (MAC), which was subject to tax as a […]

The post Stock Sale Triggers Transferee Liability for Buyer’s Tax Liability appeared first on Houston Tax Attorney: Texas Lawyer.

IRS collectionsIRS debtTax Blogtax collectionsTax Law Blogtransferee liability

Best-Tax-Attorney-In