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RD
RD, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 8784
Experience:  CPA, MBA, Over 10 yrs of experience in tax planning and business consulting..
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IF YOU HAVE TWO DIFFERENT BUSINESS AND THEY HAVE SEPERATE TAX

Customer Question

IF YOU HAVE TWO DIFFERENT BUSINESS AND THEY HAVE SEPERATE TAX ID # XXXXX ONE OF THE BUSINESS MIGHT BE CLOSE DOWN DUE TO INCOME TAXES OWED ON BUT THE OTHER BUSINESS TAXES ARE PAID AND NOT BEHIND CAN THEY CLOSE DOWN BOTH BUSINESS OR ONLY THE ONE THE TAXES ARE DUE ON
Submitted: 5 years ago.
Category: Tax
Expert:  RD replied 5 years ago.

RD :

Do you mean the IRS will close down the business for tax owed?

RD :

Are these S Corp or LLCs

JACUSTOMER-iufb1wg3- :

yes they are in the same person's name but they are ran differently

RD :

IRS will not close down the business but they will garnish the bank account for taxes owed

JACUSTOMER-iufb1wg3- :

are you still helping me

RD :

yes, are these businesses separate S Corps? or single member LLC?

JACUSTOMER-iufb1wg3- :

can they garnish the bank account on the business that is not in trouble

JACUSTOMER-iufb1wg3- :

this as been know help to me no one is answering back so therefore i would like to cancel this this has been of no help to me do not charge and credit card anymore

RD :

you need to respond to my info request in order for me to address your question?

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