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The seller of a store & the store are being audited, should I purchase the store?

The seller may get panelize for tax evasion if he can't proved innocent. If purchase now, What would happend to the NEW owner after the transation? Will the NEW owner inherit the burnden of tax evasion from the previouse owner? I'm incline to wait until the auditing complete, but that may take too long. Greatly apreciate for your comments.

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The BAF Group LLC

You are correct in that is can take a LONG time to get through this kind of scenario. And I agree that waiting is the best thing to do. But I am not an Accountant or an Attorney - just a Business Broker who has seen enough of these kinds of situations to know that this is something you should ask of a Tax Attorney, rather than this kind of forum. You do not want to mess around with the possibility of taking the advice of well-meaning, but unqualified people. Just remember that sometimes, the best deals are the ones you walk away from!

May 12, 2012

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