When a business fails to remit payroll taxes collected from employees to the IRS, the agency may slap a Trust Fund Penalty on owners or officers for those unremitted funds. If deemed a “responsible person” (someone tasked with collecting and paying over payroll taxes), you’ll be held personally liable. The IRS can then unleash its full collection arsenal against you.

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

Are you facing a payroll tax Trust Fund Penalty? Call now for a no-risk FREE consultation with a Tax Lawyer—or connect with an attorney for payroll issues right away.

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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