IRS & State Tax Debtors-Protect Assets of Spouse against Your Business or Individual Debts
- Martha De la chaussee-Tax Expert
- 20 may 2019
- 1 Min. de lectura
Reminder on IRS and State Income or penalty tax debts. Community property states. These tax collection officers will seek payment of tax debts acquired by their spouses even on separate business taxes such as trust fund recovery penalty. In addition, business creditors will seek payment for unpaid business debts (Corporate, LLC does not matter). If they can prove co-mingling of money and community property issues. These creditors sue to get judgements. Even when their Attorney's cannot or will not prevail. The costs and consequences can be financially devastating. Pre-nups, post-nups, trusts and other legal transfer of assets can be discussed with clients to attempt protection of their non-liable spouses.
For those folks that have not consulted with an Attorney. Do so to protect your spouse's assets from potential liability for your individual or business lawsuits and debts.












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