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05-08-2015 08:39 AM
05-08-2015 10:16 AM
First, welcome to the forums! Congratulations on finally filing, I bet you feel like a weight has been lifted off your shoulders You found the right place for information on rebuilding your credit. If you have any questions don't be afraid to ask! Good luck getting things back in order and I hope you get your license back.
05-10-2015 07:22 AM
How much in payroll taxes (6672)? I assume you understand that they will not be discharged. Are you going to try for an installment agreement or did you file a Chapter 13 to provide a way to pay them?
05-10-2015 10:35 AM
Thanks for the replies, everyone!
Despritfreya-the payroll tax balances are for about 45k for my state and 75k for IRS. The state includes some actual trust fund taxes, and penalties and interest. The IRS portion is only civil penalties and interest, the trust fund portion has been paid through the bankruptcy of the company. The marital home is being sold to pay the state taxes and other liabilities. I do understand that none of this is dischargeable, I am however hoping that my personal bankruptcy requires my license to be reinstated and halts them coming after my checking account (I don't keep anything in there for time being) at least until discharge. And hopefully, that will allow enough time for the house to be sold to satisfy the taxes. My attorney is going to send a letter to the state on my behalf notifying them that 1. I have filed bankruptcy and 2. I shouldn't be held responsible anyway since I was never an officer of the company. I have my fingers crossed that it goes well. Thanks again all!
05-10-2015 03:17 PM
Welome and you have found a great place to turn to for advice and help, I don't know what I would have done without this forum.
05-10-2015 07:17 PM
flowergirl2015 wrote:My attorney is going to send a letter to the state on my behalf notifying them that 1. I have filed bankruptcy and 2. I shouldn't be held responsible anyway since I was never an officer of the company. . .
Hopefully there will be enough revenue from the sale of the home to pay the taxes. I just need to make sure you understand that not being an officer of the compnay is not necessarily relevant. If you had management ability, ability to access the bank accounts, ability to prepare (and issue payment for) the payroll taxes, you can be deemed a "responsible party". Having an ownership interest in the company or being an officer or director is not determinative of who was "responsible".
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