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What happens if I buy a business that that has a Federal Tax Lien on it.?
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04-01-2008
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What happens if I buy a business that that has a Federal Tax Lien on it.?
I bought a business that had a lean on it. I failed to check all that out before I purchased. (I guess that's why it was so cheap) Anyway, the IRS wants to seize the property tomorrow. Was it my responsibility to check for the lien before I purchased? I'm just out of luck? The people I purchased from said they knew nothing about the federal lein. Which I somewhat believe. Some people have said there's nothing I can do about it. Any information on the subject would be greatly appreciated.
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