When a business fails to remit to the Internal Revenue Services (IRS) payroll taxes collected from its employee(s), the IRS may impose trust fund penalty against the owners or officers for the unremitted funds.  If the IRS determines that you are a responsible person (responsible for collecting and turning over the payroll taxes), you may be held liable for the funds.  The IRS may then deploy any of its formidable arsenal of collection tools against the individual to collect the debt from the responsible person. 

Trust Fund Penalty is assessed against an individual for failure to collect and pay over to the IRS payroll taxes.

Are you the subject of a payroll tax Trust Fund Penalty?  Call now for a no-risk FREE consultation with a Tax Lawyer.

Payroll tax problems can be especially ruinous because individuals can be held liable for the unpaid IRS debts. Promptly addressed, there may be hope of a favorable resolution of your payroll tax problems, including the possibility of payment abatement.

At Thorgood Law Firm, we represent individuals who are facing a determination that they are responsible persons eligible for Trust Fund Penalty, or have had the penalty imposed against them. Our attorneys are experienced at resolving small business payroll taxes, payroll tax services, payroll and tax services, IRS payroll tax payments, payroll tax relief and related penalty abatement. Over the years, we have assisted businesses in the New York area and across the US who fell behind in payments and ended up with payroll tax problems.

If you need payroll tax relief, contact Tax Lawyers at the Thorgood Law Firm to discuss your options. Our lawyers are well prepared to help you navigate through these problems towards payroll tax relief.

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