Quote:
Originally posted by G-D
No, but when they turn the IRS on you, and the Feds get to looking, most of the court litigation costs would be levied on your own head. If the govt wants to ever get after this industry, this sort of case would open the ball.
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Why the IRS will be on you if you pay your tax in time? Selling assets from a company to another is fully legit. I don't see why the Feds will get involved in something like this - there is nothing illegal here if this "transition" is done within the rules and by informing the government.
Some country like Canada, you can legally MOVE things offshore if you pay a "departure tax". Anyway, consult your tax lawyer and accounting firm. Everything can be done legally, it's not costing a forture and it can saves tons of nightmares.