Stella Diagnostics Inc (SLDX)

[Sheepdog]

The IRS can indeed seize a family trust. If it is a revocable trust, it is fairly easy. If it is a irrevocable trust, (ie the original trustors have died), it becomes more difficult because at that time several things occur:

1) the trust can no longer be revoked and the property re-distributed to the original trustors, and
2) the Trust must obtain a TIN and file separate tax returns. Ie- it then becomes a separate entity for the first time.

But they can still do it.

I am surprised you were able to find that, You must have had to wade through numerous articles stating otherwise to find it.

Please imagine having to pay a large tax bill and saying "Why pay the IRS, I'll just create a family trust, put all my assets there, and screw the IRS".