Perspective
Oct. 15, 2016
On the hook for someone else's taxes?
It is bad enough that you have to pay your own taxes, let alone someone else's! Yet sometimes, the Internal Revenue Service can actually come after one taxpayer to collect the tax liability of someone else. By Robert W. Wood
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
It is bad enough that you have to pay your own taxes, let alone someone else's! Yet sometimes, the Internal Revenue Service can actually come after one taxpayer to collect the tax liability of someone else. It can leave you with your pockets turned out, although usually it starts with you accepting money or property from someone else in what seems like a very good deal.
It happens more frequently than you ...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In