Legal Question in Tax Law in New Jersey

husband had a 1% share in a business that failed, business owes NJ sales tax, is my husband responsible for the entire amount even though he only had a 1% share.

Asked on 10/18/11, 8:43 pm

1 Answer from Attorneys

Ronald Cappuccio Ronald J. Cappuccio, J.D., LL.M.(Tax)

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Under NJ law the Shareholders and Officers may be held personally liable for Sales and Use Tax. Your husband needs to fight this immediately.

Ron Cappuccio

856 665-2121

www.TaxEsq.com

Answered on 10/31/11, 3:03 pm

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