AboutJay Allen Finn, CPA Expertise IRS Audits. All Collection Tax problems; specifically but not limited to, delinquent returns, bank levies, liens, garnishments of wages, Also specializing in Offer in Compromise. Limited to 1040/ personal tax issues
Experience 27 years experience as a CPA in the IRS defense area following a position as an IRS Auditor in the oil and gas industries.
Organizations Texas Society of Certified Public Accountants (Peer Assistance Committee), Houston Chapter of the Texas Society.
Publications Submit your articles.com
Education/Credentials BBA - Bachelors of Business Admin., Magna cum laude, Series 6 and 68 - Registered representative, Series 65 - Financial planner. Certified Public Accountant
Question If a corporation owes employee taxes and goes out of business is the owner still responsible for those taxes .
Is the penalties and interest also transferable
Answer Absolutely yes. This is a very delicate situation to get into with IRS. Don't get behind period and expect lots of penalties.
Once it carries over to anyone (or any officers able to sign checks), you can expect IRS might charge an additional 100% penalty to the officer or officers.
