What is the name of your state? FL
I have a tax question. My partners and I opened an LLC in Florida a year and a half ago. There were 6 people involved. My wife and I invested ~ 55%, my sister and her husband ~ 40%, and my brother and his wife ~ 5 %. The business closed this past May and we owe ~ $11,700 in 941 taxes.
We are personally filing a chapter 7 bankruptcy and have listed the IRS (941 taxes) and FL Dept of Revenue (Sales Tax). The couple that owns ~ 40% is also filing personal bankruptcy (a chapter 13) but did not list any taxes. They are telling us they don't owe any...they say we are responsible for all of it since we are majority owners. They listed us in the bankruptcy and we believe the only reason why is so we can't get an money by suing them for the taxes they owe if we pay them all.
Is this correct? Are they not responsible for any taxes? Should they have listed the IRS and Dept of Revenue in their bankruptcy? Will the IRS and Dept of Revenue go after them as well as us, or just us? We plan on setting up a payment plan after our bankruptcy is over, but only for our share...55%.
I have a tax question. My partners and I opened an LLC in Florida a year and a half ago. There were 6 people involved. My wife and I invested ~ 55%, my sister and her husband ~ 40%, and my brother and his wife ~ 5 %. The business closed this past May and we owe ~ $11,700 in 941 taxes.
We are personally filing a chapter 7 bankruptcy and have listed the IRS (941 taxes) and FL Dept of Revenue (Sales Tax). The couple that owns ~ 40% is also filing personal bankruptcy (a chapter 13) but did not list any taxes. They are telling us they don't owe any...they say we are responsible for all of it since we are majority owners. They listed us in the bankruptcy and we believe the only reason why is so we can't get an money by suing them for the taxes they owe if we pay them all.
Is this correct? Are they not responsible for any taxes? Should they have listed the IRS and Dept of Revenue in their bankruptcy? Will the IRS and Dept of Revenue go after them as well as us, or just us? We plan on setting up a payment plan after our bankruptcy is over, but only for our share...55%.