I have a client who owes over $128K in payroll taxes . Her and her husband were the shareholders in the corporation . Her husband passed away and he was the one actually running the business . The business has since been closed and a revenue officer has not yet been assigned . I would like to file an offer in compromise for the payroll taxes due but do we need to still file all the past tax returns since 2012 ? The client is also asking if she can claim losses for all of the monies she invested in the corporation .
Should I file all of this tax returns or will the IRS just concentrate on the payroll that is due ?
Any insight would be helpful . Thank you .
Diana