Formed a corporation but never used it or filed an 1120! Help?
Formed a corporation but never used it or filed an 1120! Help?
We formed a corporation in 2003 with an attorney. I told my CPA that I had a corporation, and he filed a schedule C for us instead of the Corporate tax return. Now the IRS & the FTB is after us for not paying the $800 yearly AND for not filing a tax return. I was NOT guided properly. Does anyone know if we can dissolve the corporation without having to pay all those back fees, that my CPA should have known how to take care of? Please help me.
Answers:
Chosen Answer
Swaminathan P: 1) you can sue the attorney, CPA under professional liabilities -- provided that you have a valid agreement specifying their role and responsibilities - liabilities, etc., 2) you cannot escape from the clutches of law - 3) why to blame others - you should also know how to take careoff yourself.
2008-03-08 21:39:43
Swaminathan P: 1) you can sue the attorney, CPA under professional liabilities -- provided that you have a valid agreement specifying their role and responsibilities - liabilities, etc., 2) you cannot escape from the clutches of law - 3) why to blame others - you should also know how to take careoff yourself.
2008-03-08 21:39:43