Need Advice - Demand Notice for Payment


A

Arif

Need advice, or any help appreciated ....

I have received a demand notice for payment form IRS for my
LLC company which has been non-active for last two years
(i.e. no activity/transaction). IRS has asked me pay Tax
Balance (Withholding) with Penalty and Interest within 10
days otherwise matter may be reffered to county sheriff for
collection. I wonder how IRS came up with Tax Balance figure
because I did submit WH-1 showing zeros withholding for year
2001. However, I did not submit any WH-1 for year 2002.

My question is do I still owe that money to IRS even though
there was no activity under my company? What would be best
response to this Demand Notice.

Thanks in advance.

Arif
 
Ad

Advertisements

D

Dave Woods, EA

Arif said:
Need advice, or any help appreciated ....

I have received a demand notice for payment form IRS for my
LLC company which has been non-active for last two years
(i.e. no activity/transaction). IRS has asked me pay Tax
Balance (Withholding) with Penalty and Interest within 10
days otherwise matter may be reffered to county sheriff for
collection. I wonder how IRS came up with Tax Balance figure
because I did submit WH-1 showing zeros withholding for year
2001. However, I did not submit any WH-1 for year 2002.

My question is do I still owe that money to IRS even though
there was no activity under my company? What would be best
response to this Demand Notice.
Calling them to get a better understanding of the notice
would be a start. You haven't told us what the IRS is
demanding tax for, which would indicate that YOU don't know
what they are demanding it for. I don't see what they could
be asking for, but I don't know anything about your LLC
either.

--
David M. Woods, EA
Boston, MA 02109

Postings here are general information only and not to be
relied upon as advice.
 
Ad

Advertisements

A

Arthur L. Rubin

Arif said:
Need advice, or any help appreciated ....

I have received a demand notice for payment form IRS for my
LLC company which has been non-active for last two years
(i.e. no activity/transaction). IRS has asked me pay Tax
Balance (Withholding) with Penalty and Interest within 10
days otherwise matter may be reffered to county sheriff for
collection. I wonder how IRS came up with Tax Balance figure
because I did submit WH-1 showing zeros withholding for year
2001. However, I did not submit any WH-1 for year 2002.
The WH-1 is not an IRS form -- any relationship between your
filing that form and IRS notices is purely coincidental.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top