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Discussion Archives:CORP TAX LIENS VS. SHAREHOLDER

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Discussion Forum Index --> General Chat --> CORP TAX LIENS VS. SHAREHOLDER


Merkane (talk|edits) said:

2 April 2010
CAN THE IRS LIEN A SHAREHOLDER FOR "INCOME TAX"

DEFICIECIES OF THE C CORP?????

Kevinh5 (talk|edits) said:

2 April 2010
in certain circumstances, yes

Merkane (talk|edits) said:

2 April 2010
and what are those prey tell?

Trillium (talk|edits) said:

2 April 2010
Try these searches as a start toward more info on that:

And... no preying or other predatory behavior here!!

edited to suggest a different search in the first bullet point, after I saw your post on the other discussion and realized you'd emphasized "income tax" here, too.

Note; there are probably even better search term combinations to use; I started with the words in your discussion title, and for the second bullet used some of the key words found in the first search, IIRC. Then edited the first search to specifically search for "income tax" as noted. Try some other terms, too; I know there are good discussions on this in the archives. Thx

Kevinh5 (talk|edits) said:

2 April 2010
what situation is your client concerned about, Merkane?

Merkane (talk|edits) said:

3 April 2010
KEVIN THANKS FOR THE LECTURE, I JUST ASKED IF ANYONE KNEW THE ANSWER, I AM SORRY I AM NOT

AN EXPERT IN THIS FIELD. BUT I DO KNOW THINGS YOU PROBABLY DON'T IMAGINE?

Kevinh5 (talk|edits) said:

3 April 2010
that was a question?

that was a lecture?

Trillium (talk|edits) said:

3 April 2010
Hey, that was MY lecture; don't go giving Kevin credit for that!

(I also asked Merkane to consider using the tax forum for tax questions, and maybe lose the all caps, in the future. Too much to ask?)

Kevinh5 (talk|edits) said:

3 April 2010
now THAT's a question!

Merkane (talk|edits) said:

3 April 2010
Now that I have everyone's ire up like our pres, can someone lead me

to an answer? Other than trust fund penalities, is there a shareholder responsible for 1120 liabilities, if you assume no unauthorized transfer of corp assets....please???

Trillium (talk|edits) said:

3 April 2010
The other day, I apparently thought your answers were to be found in at least two discussions, #18 and #15 in that search I suggested. No time to re-read the discussions now to re-confirm, but try these, please:

Merkane (talk|edits) said:

3 April 2010
Tillium, thanks for sharing. the referral of #15 is close to my situation but not

exactly. My corp is still in business and has a few a/rs for the irs to slam. But again, does anyone out there know if Irs can reach in the shareholder's pocket, or lien the sh for Corp income tax deficiencies???

Kevinh5 (talk|edits) said:

3 April 2010
I already gave you that answer.

RoyDaleOne (talk|edits) said:

3 April 2010
Try transfer liability search in google.

http://www.google.com/#hl=en&q=corporate+income+tax+transferee+liability+shareholder&aq=&aqi=&aql=&oq=corporate+income+tax+transferee+liability+shareholder&gs_rfai=&fp=ca6b5a4f84435186

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