TITLE

Transferee Liability When Selling a Business

AUTHOR(S)
Kirschner, Lowell S.
PUB. DATE
September 2012
SOURCE
New Jersey CPA;Sep/Oct2012, Issue 35, p30
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the author's views on the characteristic of transferee liability during sale of a business enterprise. He explains that transferee liability could present a problem when the seller incurs a federal income tax liability, built-in gains tax or excess net passive income tax liability. The author thinks that it is vital for the seller's accountant to verify the purchaser's income tax reduction claims.
ACCESSION #
79462170

 

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