Taxes, I had a business that owes taxs about $3500, DO I HAVR TO PAY?

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Taxes, I had a business that owes taxs about $3500, DO I HAVR TO PAY?

I had a business about 2 years in NJ, it was a corportation, tax id, everything. I no longer have the business. dissolved it . Do I have to pay this tax due? Will I as an officer be responsable for it? Just asking.

2007-04-17 05:25:01 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States

2 answers

Yes, as a corporate officer you are held personally liable for the corporate taxes if they are not paid. Also, employees of the corporation who are responsible for making the tax payments and fail to do so can be held liable as well.

2007-04-17 05:33:40 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 1⤋

Yes, and yes. Taxes owed are not forgiven or forgotten. Even on a closed business.

2007-04-17 12:29:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋