Many business owners assume that operating through a corporation or limited liability company protects them from their company’s tax debts. When it comes to New York sales tax, that assumption can be dangerously wrong. New York law can impose personal liability…
Few tax situations create more anxiety than discovering that a spouse—or former spouse—owes substantial taxes to the Internal Revenue Service (IRS). Many people ask: “Can the IRS come after me for my spouse’s tax debt?” “Am I responsible if my…
Can Business Owners Go to Jail for Payroll Tax Debt? For many business owners, falling behind on payroll taxes begins as a financial problem. A company may struggle with cash flow, unexpected expenses, or declining revenue. Unfortunately, what starts as…