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Questions Answered by Jorge Alesna Jr.
3 Answers | Asked in Bankruptcy and Tax Law for California on
Q: I have $330k CDTFA tax debt on failed during COVID S Corp. Am I personally responsible?

My wife and I were 25% each and my sister 50% owner's and officer's. Couldn't afford business BK, filed personal CH 7. CDTFA is liening my home for the debt.

Jorge Alesna Jr.
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answered on Sep 19, 2024

You can be held liable for the tax debt, and it appears that the CDTFA may have already made a dual determination if they placed a lien on your house.

A dual determination holds a person liable for a tax obligation shared with another, here, the corporation.

Under Revenue and...
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