Assessment Under News Today

The Commercial Code (Amendment) Bill (bill no. 11 of 2022), the Pre-Insolvency Bill (bill no. 12 of 2022) and the Insolvency Practitioners Bill (bill no. 13 of 2022) have been published and have all reached the second reading stage.

Can you be held liable for a tax liability owed by another taxpayer?  Yes, under certain circumstances.  The IRS  uses fraudulent transfer law and “transferee” liability tools to...