if my corp owe money to the irs and i am broke ?
- mercedesLv 71 month ago
If the corporation owes taxes withheld from employee's wages you will be assessed a penalty equal to the taxes wihheld but not paid over. This will haunt you for the next ten years.
- martinLv 71 month ago
This may be a case for bankruptcy, but if it's only owed to the IRS, they can negotiate payments to suit you through the future.