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Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
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Experience:  15years with H & R Block. Divisional leader, Instructor
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If an LLC folds are the members liable for state taxes owe

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If an LLC folds are the members liable for state taxes owed?

Robin D :

Hello and thank you for using Just Answer
Departments of Revenue and the Internal Revenue Service both have the means to recover money owed them from the “responsible” parties in the LLC. Anyone signing the checks is a responsible party. Anyone filing sales tax, payroll tax or income tax returns is a responsible party. And of course, anyone with ownership in the LLC is a responsible party.

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