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Back Taxes

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K

kittycat

Guest
My husband is the president of a small corporation (that he started). The company owe's approximately $40,000.00 in back taxes. My husband says that if the company does not come up with a way to pay these taxes the IRS can put a tax lien on him and eventully come get our assets. He jokes in a serious manner about "when he goes to jail". I understood that by incorporating his company he could not be personally held liable for the company's actions. Please advise, thank you.
 



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