Tag #Charging Order

What are the immediate implications of the *U.S. v. Driscoll* ruling on the ability of the IRS to collect unpaid taxes from LLC members?

In *U.S. v. Driscoll*, the IRS successfully foreclosed on a dentist's 50% LLC interest despite a New Jersey statute prohibiting it. The court ruled that federal law, specifically 26 U.S.C. § 7403, allowing the IRS to foreclose on a debtor's property, supersedes conflicting state laws. This sets a precedent for IRS actions against LLC interests.