Credit: Ngampol/Adobe Stock Successor Liability for Taxes: 'ACI Construction'
The potential for enforcement of a transferor's tax obligations against its transferee is demonstrated by 'ACI Construction, LLC v. United States', a recent decision of the U.S. District Court for the District of Utah.
December 14, 2022 at 11:00 AM
7 minute read
When a business entity is struggling to pay tax debts or other obligations, and someone proposes the transfer of its assets to a new entity owned by the same or related owners, one may ask whether the prior entity's obligations will be enforceable against the new one. The potential for enforcement of a transferor's tax obligations against its transferee is demonstrated by ACI Construction, LLC v. United States, 130 AFTR 2d 2022-5882, a recent decision of the U.S. District Court for the District of Utah.
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