http://irshelpchicago.com/taxh... Being "responsible" is usually considered a good thing, but not in the payroll tax world. Being determined to be a "responsible person" means the IRS can pursue you - personally - for the unpaid payroll taxes of your company.
It's not just business owners who can be deemed "responsible" - A responsible person is anyone who the IRS deems could have paid the tax and failed to do so. If you have the authority to sign checks in your business, you could get stuck with the bill...even if you had no idea the IRS wasn't paid what they were owed. That means that the IRS can ultimately come after you and your personal property to satisfy the business' unpaid taxes.
When a tax is withheld from an employee's paycheck, the company is entrusted with turning that money over to the IRS. And if that money isn't sent in, the IRS will assess that unpaid tax - against each "responsible person" in the business... This can happen to owners, officers, and even secretaries.
If this has happened to you, you're not alone. Thousands of people find themselves facing this problem every year. If you are concerned that you may be considered a "responsible person," or if you are already in trouble with the IRS, we can help. Go To: www.IRShelpChicago.com or Call our experienced tax controversy professionals at (312) 664-6649 to schedule a free in-person consultation.
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