Don’t Let Back Taxes Cripple Your Financial Future-Get Expert Tax Help to Protect Yourself and Your Small Business From IRS Penalties
Monday, December 21st, 2009Small businesses owners need to be extra cautious when forming limited liability companies in order to prevent future IRS tax problems that could be financially crippling.
In a recent case, the sole member of a limited liability company was held directly liable for its company’s back taxes because the sole member failed to elect the LLC to be treated as a corporation for federal income tax purposes.
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