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 […]
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 […]
After an employer initially fails to collect, account for, or pay employment taxes, the IRS may give issue Form 2841, Notice to Make Special Deposits of […]
Individuals that are considered responsible persons and therefore subject to the trust fund recovery penalty are not always corporate officers. Liability can extend to any individual […]
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 […]
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. […]
