CFOs Face Liability for Business Taxes

Overview


Arthur Rosen and Matthew Boch wrote this bylined article which warned that CFOs of financially struggling companies, as “responsible persons” under federal and state tax laws, may find themselves owing tax that the companies should have paid. “Finance chiefs need to put controls in place to ensure that taxes are properly paid over to the applicable state, especially in situations where the business may be unable to pay the missing tax down the road,” the authors wrote. Read the full article