You need a tax attorney to review the assessment and determine a method of resolving your liability. If the business closed without filing a final return, then it may have resulted in the BOE preparing the returns. If that is the case, you would need to prepare and file the missing returns as well as a final return to reduce the liability. If all returns have been filed, then we would consider requesting an installment agreement or making an offer in compromise.
Let me know if you have any additional questions.
Best regards,
Adam Brewer, Esq. // AB Tax Law APC
1-888-351-3707
Answered on Jun 20th, 2014 at 4:43 PM