March 25, 2014

Assessing trust fund recovery penalty and option to appeal

Before assessing the trust fund recovery penalty, a revenue officer will conduct an investigation of the employer to determine which individuals have a duty to ensure […]
March 25, 2014

How to determine responsible person for trust fund recovery

If the IRS deems someone a responsible person and assesses the trust fund recovery penalty, the individual can appeal that determination and potentially fight the decision […]
March 25, 2014

When a corporate officer is considered a responsible party

A corporation acts through its officers, which are presumed to have the duty to withhold employment taxes from wages and make the necessary disbursements to the […]
March 25, 2014

How unpaid employment tax payments are allocated

Once the trust fund recovery has been assessed against a responsible person, an important aspect to consider is the allocation of future payments to the government. […]
March 25, 2014

Can more than one person be considered responsible by IRS

It is not uncommon for more than one individual to be simultaneously considered a responsible person. In these situations, joint and several liability is attached to […]