In a recent U.S. District Court decision, the court found that a married couple who owed back taxes committed fraudulent transfers. The husband executed the transfers about four months after the IRS issued a notice of unpaid tax liabilities threatening a levy on the couple’s bank accounts and seizure of property. A total of $287,938 was transferred from the husband to the wife. A few days later, the wife purchased a house without a mortgage and titled exclusively to her. The court found the couple was liable for unpaid taxes and penalties and attached a lien on the house, in part because the husband exhibited control over the property. (Williams, DC M.D. Fla., 6/16/23)
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