Duties and Responsibilities
The IRS has handed notice to your home health agency that over $600,000 of back payroll taxes are due. This is a surprise to Board Members and they are asking for an explanation.
- The Board is responsible for selecting the CEO . As such what legal obligation do they have in this regard ?
- Monthly financial reports have been given to the Board by the CEO and prepared by the Finance Director. What happened and why might this have occurred?
- The IRS is asking for a payment plan or they will attach a lean on organization assets and those of the CEO, Finance Director and Board Members. Can they do this?
- What is the Sarbanes Oxley Law and how does it pertain in this situation?
Provide a one page summary
