Release number 200847001 of 2008-11-21

• Date: 21 November 2008
• Year: 2008
• Record Number: 200847001
• UILC Number: 6321.00-00
• Subject Matter: Lien for Taxes (Lien Right v. No Lien Right)

Office of Chief Counsel

Internal Revenue Service

Memorandum

Number: 200847001

Release Date: 11/21/2008

CC:PA:04: ----------

GL-116977-08

Third Party Communication: None

Date of Communication: Not Applicable

UILC: 6321.00-00

date:July 29, 2008

to:Lisa P. Lafferty

General Attorney (Washington, Group 3)

(Small Business/Self-Employed)

from:Nancy M. Galib

Senior Technician Reviewer, Branch 4

(Procedure & Administration)

subject:-------------------------------

This Chief Counsel Advice responds to your request for assistance dated May 15, 2008.

This advice may not be used or cited as precedent.

LEGEND

Corporation A =-------------------------------

Corporation B =------------------------------------------

tax years 1-3 = ----------------------------

amount 1 =---------

Month Year 1 =--------------

Mr. Y =------------------

Date 1 =-----------------

Ms. Z =----------------------------

ISSUES

What theory of liability applies when a corporation, after an IRS levy, discontinues

operations and transfers its contracts to a newly formed corporation that commences

operation of the same business with the same employees, equipment and customers.