You will need to consult with, and possibly hire, a business attorney. You might also talk to an experienced business broker.

First of all, did you have income, and if so, did you file your own return? There will be difficulties with the IRS either way, but you need...

This is a serious matter, and while the IRS and FBI might be slow to respond, your daughter needs to have experienced tax counsel advise her. This...

Although we have nowhere near enough information as to what has happened, I can only guess that you and your employer received a lock-in letter...

Get a consultation with a tax attorney and/or a good CPA. To make you sleep better, I see no chance of you encountering criminal implications from...

Ms. Shaffner's response is absolutely correct. I believe you owe it to yourself and the future success of this business to actually consult with...

Without seeing the documents from the IRS, we cannot give you online advice. Seek an appointment with a tax attorney, or a local Low Income...

IF your friend does get audited by the IRS, and has not filed a tax return, or does not report income that supports her lifestyle, she may very...

This will likely not be a problem in the scenario you gave us. However, we would need a lot more information in order to give any other advice.

You can also demand that the employer file a corrected W-2 with the IRS.