Your questions is a bit vague. What company taxes are you referring to? You cannot avoid paying the trust fund portion of payroll taxes, and S Corps. usually are not liable for income tax.
Phillip M. Smith Jr.
Los Angeles Tax & Business Attorney
Licensed in the United States Tax Court
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Generally if they were true business investment loses then the S Corp income may be zero out and you may not owe any taxes.
Please contact a good tax accountant/CPA to be sure.
Otherwise you will pay over time plus penalties.
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Please consult a tax attorney. If you owe payroll taxes, you will be personal liable for the trust fund amount. Please make sure you file timely (it is already late, but file ASAP to avoid further late filing penalties.)
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