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The El Paso

The tax bill you inherit: How acquisitions pass unpaid sales tax to the buyer

The tax bill you inherit: How acquisitions pass unpaid sales tax to the buyer
Photo: KVIA ABC-7 · view original

Once the champagne is popped and the celebrations are over, many acquirers run into a recurring and unwanted problem: The state revenue department opens an audit into a business that no longer exists. The seller is gone, escrow has been released, and you, as the buyer, have been notified. It’s no...

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