Bankruptcy control & employment

If a company declares bankruptcy, it pays not unpaid debts. The IRS has personally liable for unpaid premiums entrepreneurs. Staff LiabilityWhen company declared bankruptcy, owner and co-owner be held personally responsible for all companies related. The IRS may take personal property such as real estate, cars, and get the owed.Installment PlansYou may amount personal bank accounts, the IRS payment plan if you less than $25,000. However, interest anywhere from 8 to 10% per year, can all be according to companies. Also, you must have to get back a tax payment plan, on your own annual taxes.Offer that can ask CompromiseYou, IRS to reduce the amount you need. This is called a "offers to compromise". This will require a deposit of $150 tax and 656 form filing.