QUESTION
Am I liable for taxes owed before I purchased the website and why?
Asked on Jun 25th, 2015 on Patents - Massachusetts
More details to this question:
I need to know what legal form to write to release me from liability for past owed taxes from an ecommerse site I am purchasing. The seller has not paid any state or federal taxes whatsoever since 2013. Will I be liable for the past owed taxes?
2 ANSWERS
There are some situations in which you would be liable for the back taxes. Check with an attorney before completing the sale.
Answered on Jun 29th, 2015 at 1:22 PM
Appellate Litigation Attorney serving Boston, MA
at
Banner & Witcoff, Ltd.
Update Your Profile
This is a tax and contract question rather than a patent question. If you bought the website without reference to the tax liability - you may need to sue the seller. There is no form to file to release you from liability for taxes owed by the e-commerce site. If the purchase has not yet been completed - walk away if the seller won't agree to pay the back taxes. GOOD LUCK.
Answered on Jun 25th, 2015 at 4:22 PM