in ca can an s corp who owes $250,000 in payroll taxes file an offer in comp with irs?

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in ca can an s corp who owes $250,000 in payroll taxes file an offer in comp with irs?

2007-07-09 12:59:12 · 3 answers · asked by 250irs 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

Not with payroll taxes, as this money actually was supposed to be paid on behalf of your employees. You were required to make periodic payments thru the year as you withheld these taxes from an employees paycheck. This isn't your money that you owe, but that of the people that worked for you.

2007-07-09 13:18:17 · answer #1 · answered by Anonymous · 2⤊ 1⤋

Rob is correct. I'd just add that it's not the corp that the IRS will go after, but the S-Corp's officers as well as any employees who were responsible for the calculation and payment of the taxes.

2007-07-10 00:23:31 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋

Sure, but you better be using a professional to do it.

2007-07-09 20:02:35 · answer #3 · answered by WJVV 4 · 0⤊ 1⤋