Posts Tagged ‘trust fund recovery penalty’

IRS Payroll Tax Problems: Are You a Responsible Party Liable for the Trust Fund Recovery Penalty?

Wednesday, January 20th, 2010

In a time when the government is desperate for revenue, it is very important for business owners to stay on top of their payroll taxes game to avoid IRS payroll tax problems.
For those who may not be familiar with payroll taxes, unpaid payroll taxes are considered “trust fund taxes” because the employer’s failure to pay payroll taxes is equated to holding the employee’s money in trust until a federal tax
[Read More]

Tags: , , , , , , , , , , , , , , ,
Posted in Back Taxes, Expert Help From Tax Attorney, IRS Installment Agreements, IRS help, Payroll Tax Problems, Penalty Abatement, Seeking Professional Tax Help, Tax news and tips, tax help | No Comments »

Cracking Down on Businesses with Payroll Taxes Problems: New Economic Stimulus Plan Calls for Heightened IRS Enforcement

Friday, February 27th, 2009

I recently blogged about the new economic stimulus package and how it affects your IRS bill. In addition to funding deficit-reduction activities, the federal government is looking at ways to close the tax gap by taking a closer look at employment tax returns.
According to the most recent estimates, payroll tax mistakes cost the IRS $15 billion - and tax experts agree that today’s figure is much greater! For several years
[Read More]

Tags: , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Tax news and tips | 5 Comments »

How A Business Owner Owed $7 Million in Payroll Tax Debt - But Enlisted Expert Tax Help and Paid Nothing to the IRS!

Tuesday, September 16th, 2008

When I appeared on the Wealth TV’s The Big Biz Show recently, I was asked to share a story about one of the biggest IRS problems we’ve helped resolve. I like sharing stories from our client files, not just to brag about TRS’s high tax help success rate, but more because it helps reinforce my message to people who are in trouble or behind in their taxes: There’s a solution
[Read More]

Tags: , , , , , , , ,
Posted in Expiration of the Collection Statute, IRS Tax Cases, Seeking Professional Tax Help, Tax Debt Help News | 6 Comments »