YOU vs. IRS: Who Pays If You Make A Mistake?

You vs. IRS

In terms of employment taxes, this depends on whether you are a "responsible person"." Although this case involves a company owner/president, if you are a responsible person, you could find yourself in a similar fix. The case: G was the president and treasurer  of a corporation primarily run by him, his wife, their son and a bookkeeper. G and his wife owned half the stock and the firm employed … [Read more...]