US v. Michael Balice et al.: Court Allows Enforcement of Tax Lien Against Trust/Nominee of Taxpayer

The US District Court for the District of New Jersey, in United States v. Michael Balice, et al,  held that the government is entitled to foreclose tax liens on property to satisfy an individual’s unpaid tax liabilities, finding that the property is held by the individual’s nominee/trust, that the government’s claims are timely, and that the claims are not barred by res judicata.

See full decision in US v. Michael Balice et al, by clicking here. 

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.