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Ellen
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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Are their any personal ramifications for not paying corporate

Customer Question

Are their any personal ramifications for not paying corporate sales tax once a C corporation has closed? If I have never filed them in 2 years should I file them if we are lcoisng doors this month?
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 7 years ago.
Hello,

Thank you for your question.

Unfortunately liability for corporate sales tax pierces the corporate veil. The officers of the company may be held liable for the corporate sales tax.
Ellen and 2 other Bankruptcy Law Specialists are ready to help you
Customer: replied 7 years ago.
i Have never filed and bank account does not tie to bak account. Should I not file at all? Does bankruptcy versus closing cure this?
Expert:  Ellen replied 7 years ago.
Bankruptcy would likely expose the problem. I cannot tell you not to file. However if you choose not to file one of 2 things will occur. Either the failure to pay sales tax will not be picked up or the failure to pay sales tax will be picked up and penalties and interest will be assessed.

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