Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-30-2017, 06:54 AM
Junior Member
 
Join Date: Jan 2017
Posts: 2
Incorporating with personal back tax issue

I have a personal back tax issue and a tax lean. I have an opportunity to open a company, is a corp safe from tax issues,leans,seizures etc related to my personal tax issue?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 01-31-2017, 12:55 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
yes you can incorporate a business, regardless of the person's outstanding debts or credit history; however, a person can't transfer personal assets into the corporation to avoid paying a federal tax debt.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #3 (permalink)  
Old 01-31-2017, 07:34 AM
Junior Member
 
Join Date: Jan 2017
Posts: 2
Thanks very much for the reply. Much Appreciated



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Merchant services Incorporating soheila S-Corporation 2 06-08-2016 03:46 PM
filing back taxes issue death&taxes Sole-Proprietorship 3 04-21-2016 02:09 AM
Must consignee selling for others on eBay issue 1099 to consignors for personal property sales? Fadrag Miscellaneous 1 07-13-2014 04:05 AM
Truck Driver Incorporating phldaniel For 2013 0 06-02-2013 10:48 PM
What are the benefits of Incorporating? knazar Sole-Proprietorship 0 03-14-2008 01:01 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.