You were not the one who made the mistakes when it came to calculating or paying your business payroll taxes. Payroll taxes were part of your business partner’s responsibility. However, if your business, your business partner, or you have received notice that your business has not filed the appropriate returns with the government, or that it owes back taxes, then the problem may be yours, even if you were not the one who made the mistake.
One of the potential consequences of having payroll tax problems with the Internal Revenue Service (IRS) or Oklahoma Tax Commission (OTC) may be losing your business. Being forced to close your business will not erase your tax liability. One of the worst-case scenarios is that you no longer have your business (or the income from it) and that you still owe taxes to the federal or state government.
As a business partner, you may be legally responsible for the tax debt, even if you honestly had no idea what was going on. Accordingly, it is important to contact an experienced Oklahoma City tax lawyer to make sure that your rights are protected. An Oklahoma City tax attorney will give you an honest review of your business tax problems and help you resolve your tax debt.
For more information, please call an Oklahoma tax lawyer today at 800-721-7054 to schedule an initial consultation, and please read our FREE book, The Ultimate Survival Guide for IRS Problems.