Can I file Chapter 7 for an S Corporation that owes taxes?
October 8, 2004
Date: Sun, 26 Sep 2004
Can I file Chapter 7 for an S corporation that has no assets and no money, but owes 2004 (California) minimum tax of $800 plus penalties?
Date: Fri, 08 Oct 2004
I'm not a bankruptcy attorney.
It seems to me it would cost less to pay the tax and terminate the corporation before the end of this year to stop the expense.
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