Q: Is the spouse of a S corporation 100% share owner responsible for tax issues/investigations related to the business?
A: It is sometimes possible for the IRS (or state taxing authority) to hold a spouse responsible for business tax issues their spouse's business has. I would recommend that if your spouse's business is having tax problems, he/she should get competent counsel to assist in dealing with the problems and hopefully head the issues off or reduce the negative impact. If you are concerned that you might be held responsible and you aren't certain that your interests and your spouses's interest are aligned, you should contact a tax attorney yourself to seek advice on your specific issue.
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