The deadline to file Corporate Tax
returns is Sept. 15th. I have two days in which to postmark the returns.
I am in the process of trying to prepare 2nd year tax returns
for a company that I am the unpaid treasurer on record.
The problem is this: The owner of the company and his wife are in the middle of a divorce. The husband owns 100% of the company. The wife is VP and Secretary of the company.
Before the husband left for a 3 month in-patient AA recovery program in England, he signed a proxy making his wife acting President of the company. While in the recovery program his letters to his wife were abusive. She told him and his counselors if he didn't take recovery seriously, she would separate.
When he arrived back, he was even more abusive. She left for her safety. She only took 2K of their joint money to travel to a safe location.
He in turn emptied all their bank accounts, including the company account. I know have only a partial year of company bank records, virtually no receipts, and no experience in preparing taxes
. I have no corporate funds to hire a CPA. The only thing I have currently is a huge headache from trying to understand these forms!
The husband and owner of the company refuses to provide any information or help. He has gone so far as to inform the old book keeper and CPA that his wife and I stole all his money! I had to send all the corporate documents just to prove that he was lying and receive a partial years bank statements.
The husband has also stated he intended to file criminal charges against me and his wife. For what I have no idea!
My questions is: Can I write a letter to the IRS stating that I am unable to prepare the returns under these circumstances? How should I handle this situation?
I want to resign as Treasurer but have not only as a favor to the wife.
On top of all of this, I have reviewed the last years returns and have seen that the company was filed as a real estate property rental business. It was meant to be this i the future, however had not engaged in those activities. The husband had refused every project brought to him. For tax purposes the company should have been filed as a personal holding company. There was no profit in the company so I am not sure that it even matters.
How do I handle this ridiculous situation?
I appreciate any help offered.