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martyburbanklaw, Attorney
Category: Business Law
Satisfied Customers: 163
Experience:  Attorney with a post doctorate law degree (LLM) in tax
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Currently, I have a federal tax lien on file. I want to ...

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Currently, I have a federal tax lien on file. I want to invest in real estate in order to pay off the outstanding tax balance. If I incorporate, will my company be able to buy and sell real estate without risking interference from the IRS because of my personal tax liability? If so, is there a way for me to still buy and sell homes? I have no other means to pay of this debt.
Submitted: 8 years ago.
Category: Business Law
Expert:  martyburbanklaw replied 8 years ago.

Don't incorporate. A corporation is almost always the worst way to hold title to property unless you like to pay taxes.

Setting up a business entity will not protect you from IRS putting liens on property. Your best bet is to work with a tax attorney to negotiate with the IRS for you. You may be able to have the lein lifted if we can show the IRS that it effects your ability to earn money so that you can pay them back.

If you do set up an entity to hold title to your property you will want to use an LLC not a corporation.

Very respectfully,

Marty Burbank, JD, LLM

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