a federal tax lien individually, what if anything can I do? I was forced out with nothing-no assets, no accounts rec's NOTHING. The lien is for $114,813.
2007-06-30 07:31:34 · 4 answers · asked by Anonymous in Business & Finance ➔ Corporations
It was a S-Corp - I believe. It has been so long ago. I am thinking of opening another business, (same type - healthcare) but am afraid that this will follow me around- any advise?
2007-07-01 04:05:40 · update #1
What can they lien from you? The lien must be against your previous corporation unless there was some particular transaction that can be attributed to you personally?
2007-06-30 07:36:07 · answer #1 · answered by ROGERO 2 · 0⤊ 0⤋
If you had the ability to pay the company bills or see that someone else did you can be held personally liable by the IRS.
I do the company taxes but I can't sign the checks, those that can sign the checks can be held responsible for the taxes because they could have made sure they were paid even if it meant we didn't make payroll.
Especially payroll taxes that were withheld that wasn't the companies money it belonged to the employees but was being passed to the IRS.
If you can prove you had no ability to make sure these taxes were paid you can get out of it. Where you off the bank account before they were due?
2007-06-30 07:42:42 · answer #2 · answered by shipwreck 7 · 0⤊ 0⤋
What kind of organization? If an s-Corp or c-corp, there shouldn't be issues, unless you did something illegal. Get an attorney.
2007-06-30 15:15:38 · answer #3 · answered by jdkilp 7 · 0⤊ 0⤋
you need a good lawyer and an accountant
2007-06-30 07:44:18 · answer #4 · answered by rocccj 2 · 0⤊ 0⤋