Successor liability for tax assigns responsibility to heirs, transferees or beneficiaries when a taxpayer dies or business status changes. Provisions assign successor liability for tax, interest or penalty when the liable person dies, a HUF or association is partitioned, a firm is dissolved, or guardianship/trust is terminated, making legal representatives, members, partners, wards or beneficiaries responsible for amounts due up to the relevant event, subject to the saving for the Insolvency and Bankruptcy Code.