I own or work for a company that is behind with employment and/or sales taxes. Can the government pursue me and my personal assets?

Maybe. If you are an owner, officer, check signer or person with some control over the company’s financial decision-making, you may be at risk of being held personally liable.  Consult with a tax professional experienced in dealing with back tax cases to see if you are at risk, and to see what can be done to reduce or eliminate that risk.

For further information, see our article on Personal Liability for Unpaid Employer Withholding Taxes.

Categories:

About Stephen K. Galgoczy, Esq.