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Is an officer of a sub S corp liable for accuracy of corp taxes?
Wiki User
∙ 15y ago
Uh...Sub S Corps are income tax pass throughs and don't pay any. Generally, Taxes - like sales tax collections or payroll withholdings, etc are considered trust funds - funds of anothers that the company is responsible for. Actions to collect them may pierce the corporate veil and Officers of a corporation, even if not really involved with tax matters, are responsible for them personally. In practicality, only when there is fraud or intentional failure to pay is this pursued.
Wiki User
∙ 15y ago
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Does obama support increasing taxes on S corporations?
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What is the Email Address for Peter Benson Chief Financial Officer of McDonalds Corp.?
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What is the definition of the Greek root corp?
I am unfamiliar with a Greek root of "corp" but the Latin root refers to "body"Don't know if this is what is being looked for or not, but hope it helps!]It is a Latin word, not Greek, and it does mean body.So a corp is a body of men and corporal, an officer in command of that body. (AK)
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When an S-Corporation dissolves can the officers be held liable for its debt?
A s-corp is a designation assigned by filing special forms with the IRS. Its a corporation, taxed like a partnership. Thus no liability for officers.
