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misspinkmeow | How do you get out of owning your company?? |
My husband owns his own company with another person. If the other partner agrees to sign the papers to release all access and responsibility can the IRS come after my husband for payroll taxes still??
The company owes the IRS 20,000 in payroll taxes. The company is a Corporation and will be getting audited really soon. His partner wont give my husband any papers or anything financially to view. My husband cant file his personal taxes without the company info as well.
So since his partner is being a &*%$hole, can he get out of the company before the IRS goes after them?? Does anyone know what web site has these forms for him to fill out??
We live in CA
Thank you |
 |
 
Maryn Bittner
|
Step away from the computer and toward the telephone book. Your husband needs to call an attorney specializing in tax law, and soon.
I'm not a lawyer, but I'm sure an experienced tax attorney will have seen every evasive action imaginable by one of a pair of partners who owe taxes. He'll know what's legal and how your husband can best protect himself and his company.
Don't delay. Make a call right away. The sooner you're on top of this, with the lawyer advising you, the sooner it's over. |
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Johnny Reb
 |
I never thought I would say this, but you need to talk to a good tax lawyer. I wouldn't sign anything until i spoke with a lawyer. |
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Tim
 |
Lawyer time. Big time.
If they already owe 20K, as an owner during the time the debt was incurred he is still responsible. |
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Feeling Mutual
 |
Definitely need a tax lawyer.
Since it is a corporation, the shareholders own the company. Your husband should sell his stock shares, and then he is no longer one of the owners.
BUT the shareholders ARE NOT responsible for the debts of the corporation.
The Directors of the Corporation MIGHT be responsible if they mismanaged the corporation. Regardless of whether or not they own stock in the corporation, and regardless of whether or not they sell their stock in the corporation.
The tax debt is the corporation's debt, and the directors might also be protected from it by the corporate veil, unless they did something wrong.
In other words, it does not matter if he sells his ownership in the corporation. The owners and directors of the corporation are protected from liability in the corporaton's debts, unless they did something wrong.
Hmm, not paying the IRS is considered something seriously wrong. |
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kate
 |
If the company is big enough to have $20K in payroll taxes due ,
And one partner is hiding the books ,
Then it is time to get a real lawyer .
Yahoo Q&A is too light weight for your issues .
Being cheap and not getting a business / tax attorney will cost you bazillions later .
Get off this site now and go call . ( coordinate the call with your husband as He is the partner )
> |
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mtvtoni
|
Okay better scenario. California has lost 5 major suits recently.
The biggest one is safety. What does california do for you?
We are not in the age of government protects, provides, or even
trains anyone. What do they need the money for is recently
counter sued, check in your senators, congressmens, officials
homes, no one there. Other nations make more for selling
wise guys with scams like american government than the people
are worth as talent. Your property owners need you to help with
the defense of business, where food, supplies, armies come from.
Local suits, are generated by gangs. They are so high, so weird,
so convinced of sex based power through television puppets
that we spend over 5 million a week at allied HQ of the united
nations to eradicate these low life. Seems I remember that
taxes by England on massachusetts lost something, oh it was
during king George. Be careful, seek amnesty club, better
business bureau, or catholic church sponsors. Truth here is this,
america is in bad shape in money, and their insurances paid by
the few wealthy such as to shut down rackets needs faith.
Your area is totally paid ahead United Nations supreme council
#3 governors awards of 20 million dollars, meaning your backup
was covered and paid. Don't join the millions of spacekeeters
that pay washington for protection double indemnities. |
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