Gift Horse or Trojan Horse? Helping Beneficiaries Avoid Hidden Tax Liens
This article was written by Partner Robert S. Barnett and appeared in the CPA Journal, January 2018.
The potential of an IRS lien weighs heavily on the minds of many taxpayers, but rarely do they consider liens when receiving gifts or inheritances. The author describes the relevant tax law for liens on inherited property and property received as a gift, providing tips for dealing with any liability arising therefrom.
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