I have a bit of a problem and need some advice.?

I have a bit of a problem and need some advice.?


A year ago, my father put his business in my name for the following reasons: 1.) because he couldn't get workmans comp and 2.) he said it would make him more responsible with the business. It is now 2009 and he still hasn't payed the taxes for the business. Again, I have no control over the business. He used my name and he controls it all. I am worried his refusal to pay the taxes will result in some sort of punishment (I'm mainly worried about jail). I want to get out of this situation and cut ties with my father. He has lied to me and hurt my future. I am now a Senior in college and I still live with my father. I could easily move on campus and not worry about this at all, but there is one problem. If I were to leave, he would surely not pay the taxes and I would be incapable of paying and would likely get into some kind of trouble. As you can see, I am in a very difficult situation. What should I do?I have a bit of a problem and need some advice.?
You need to see a lawyer ASAP, borrow the money if you have to. I am not a lawyer or paralegal but it is possible if the company is only in your name and you actually do not own any part of it that you are not responsible. That's just a guess. Cruel sounding, but if someone gets in legal trouble over this, it should be your father, you were lured into something under false pretenses. He knew he was putting you at some risk.I have a bit of a problem and need some advice.?
Consult a lawyer. Anything you say to them is confidential and they can probably tell you the legal aspects of this situation. On one hand it sucks if the business fails or the tax man comes, however, it could be a positive if the business succeeds and you have established good credit and have an awesome asset.
only official way to get out of the situation is emancipation. Even if you move on campus, your still part of the family, so you should have known what your father was doing in your name. You can also see if you can pay the taxes now. Fix the problem before it gets any worse. Confront your father
Get some money from SOMEPLACE and get a lawyer! You need to get your name off of HIS business! He's a loser and is trying to ruin your life before it even gets going because his is already ruined. Cut ties with him and get a lawyer, fast!
It is time to do something .He has make you responsible for anything that might happen and I mean anything.
aw
http://www.youtube.com/watch?v=dT3TdOjgAT0
If your father is not willing to pay, call the IRS asap, you need to


inform them of the situation, once they change the business to his


name he will get taxed and set up on payment plan, if you dont, your


credit will be screwed, you will not be able to get student loans or


financial aid. Give your dad an ultimatum, get evidence and dont let


this go on this could affect you up to 10 yrs. or more.


If you are working, prepare your own taxes this will serve as evidence


that you are in school and working.
Even if the business is taken out of your name you will have to pay all back taxes on it, unless you are going to turn your father in for tax evasion. He will loose the business if something is not done now. If he used your name you have more controll than you think. It also opens you up to all the bad too. Unless you want the rest of your life messed up by this you had better do something now. I would take my name off of everything that has to do with that business. Get a lawyer, quick. Make him put it all in his name. If he refuses tell him your getting a lawyer. It does not make him more resposible for the business, it makes you resposible for everything that happens to the business. Good and Bad. My husband owns his own business.