QUESTION
For business-back taxes, would the buyer be liable for paying them or could we have the contract worded to address this?
Asked on Feb 05th, 2013 on Taxation - Delaware
2 ANSWERS
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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That is not a simple yes or no if they are business tax liabilities, call for an appointment of see another attorney. Do not go through with the deal without counsel.
Answered on Feb 06th, 2013 at 6:11 PM
Estate Planning Attorney serving Wilmington, DE
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Reger Rizzo & Darnall, LLP
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IF put in the contract that may be possible, but I can't imagine why a buyer would agree to pay the back taxes from a business he was trying to purchase.
Answered on Feb 06th, 2013 at 6:06 PM