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Trust Fund Recovery Penalty

941 Tax | IRC 6672 | Trust Fund Recovery | TaxFortress

Can I Be Held Personally Liable for My Corporation or LLC’s Unpaid 941 Employer Withholding Taxes?

Can I be held personally liable for unpaid 941 employer withholding taxes?  What can be done to avoid this/protect personal assets/income? If you are an owner or officer of a corporation or LLC that has unpaid 941 employer withholding taxes and think that you’re personally off the hook because of your “corporate veil,” think again.  …

Can I Be Held Personally Liable for My Corporation or LLC’s Unpaid 941 Employer Withholding Taxes? Read More »

5 Must-Knows About Personal Liability for Unpaid Employment Taxes (Trust Fund Recovery Penalty)

Are you an owner or employee of a business that is delinquent with employment taxes?  If so, watch out!  It is possible that you will be held personally liable for what is called the Trust Fund Recovery Penalty. What is the Trust Fund Recovery Penalty? In short, the Trust Fund Recovery Penalty is a penalty …

5 Must-Knows About Personal Liability for Unpaid Employment Taxes (Trust Fund Recovery Penalty) Read More »

Business Offer in Compromise | Payroll Tax Settlement | 941 Employment

Can My Business Settle IRS With Business Offer in Compromise?

When the Internal Revenue Service created the Offer in Compromise program, the candidates they probably had in mind were those people who were struggling to keep the lights on, feed and clothe themselves and their children, and keep a roof over their heads.  The ideal candidate, they most likely surmised, is not a for-profit business.  …

Can My Business Settle IRS With Business Offer in Compromise? Read More »

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