Simi Valley, CA asked in Business Law, Mergers & Acquisitions and Tax Law for California

Q: I owe the CDTFA a tax balance generated by my business corporation that I no longer own. do I have liability protection?

The company was sold but only the assets were acquired. Does the tax debt fall on me personally?

1 Lawyer Answer
David S. Greenberg
PREMIUM
Answered

A: Section 6829 of the Revenue and Taxation Code provides that the California Department of Tax and Fee Administration (CDTFA) may pursue collection action against certain corporate personnel for any unpaid corporate sales and use tax liability.

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