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Author: Baylajo Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 123527  
Subject: Business went bad, now IRS is calling... Date: 12/18/2001 12:37 PM
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Hi, in a nutshell, here is the problem.

Business (retail store) went belly up in '99. Sold store, walked away without finalizing anything. Did not officially close books, corporation, whatever you are supposed to do with a store.

There was no money to pay anything, hence the folding of the store in the first place. Business was handled very naively, the rest is history. We now live in another state, and have no contact with anyone involved with the business.

Have paid the IRS for some missed filings. Now, they are coming for unfiled W2's when no one was getting paid, there were no employees.

Bottom line is, records are gone, moron partner, destroyed them all.
Have nothing to show IRS, do not know if this stuff is actually owed. Needless to say, all were morons involved.

Looking for advice on how to deal with the IRS, with no records to refer to. Should have filed bancruptcy? Can it still be done now?

Thanks for any advice,
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