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Old 12-21-2007, 12:19 AM
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Personal Tax Liens...will it prevent my New C-corp from flipping real estate?

I'd like to use the proceeds from some real estate investments to pay for my tax obligation. So, I'm hoping I can obtain hard money financing and flip a few properties. Does anyone know what would happen if, while I have a IRS tax lien posted, can I open a C-corp and invest in real estate?

Any thoughts?



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Old 12-27-2007, 10:40 AM
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I am not sure regarding the Liens, I would consult a Tax Attorney immediately. They would be best equipped to answer this question.

Regarding the formation of a C Corporation, again a legal issue and based on State Law I cannot comment on whether or not you are legally able to do so given your circumstances. Best to consult an Attorney on that because you do not want to get the wrong advise.

Good Luck.

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