Question
Smith Corp. has not been doing well. CEO John Smith has been using the taxes withheld from employee wages to pay for operating expenses. As
Smith Corp. has not been doing well. CEO John Smith has been using the taxes withheld from employee wages to pay for operating expenses. As a result, the company has accrued $50,000 in employment tax liabilities. He's come to you as a tax advisor. Can the IRS hold the Mr. Smith personally liable for any or all of the company's employment tax liabilities? Briefly explain why or why not?
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Yes the IRS can hold Mr Smith personally liable for some or all of the companys employment tax liabi...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
