Mankus & Marchan, LTD | Tony Mankus
IRS can assess the trust fund portion of the unpaid payroll taxes against a "responsible official" of the corporation. If and when it is assessed, IRS has 10 years from the date of assessment to pursue collection of the assessed taxes, unless the 10 year collection statute is extended by one of several exceptions. You should request a transcript of the account from IRS and consult with a tax attorney.
Answer Applies to: Illinois
Steven J. Fromm | Steven J. Fromm & Associates, P.C.
Generally, if the corporation is run with the required legal formalities, shareholders are not liable for corporate and business taxes. However, if you have not done so, taxing authorities may come after you personally. Also, payroll taxes can be asserted against the owners as responsible parties under Section 6672 of the Internal Revenue Code. Without reviewing the total tax situation, no conclusive answer can be given through this forum.
Answer Applies to: Pennsylvania
E. Ray Critchett, LLC | Ray Critchett
Generally, a tax attorney or other specialized professional will be able to help you with these matters. The answer will depend on whether or not returns were filed as well as on several other factors. You may contact our office to schedule an appointment if you have further questions or if you need assistance with this issue. You can also schedule an appointment or obtain additional information at. Thank you.
Answer Applies to: Ohio