Article Date:
September 2016


Word Count:
1477

 

 

Unpaid Payroll Taxes? Four Ways to Defeat the Trust Fund Penalty


If your business accrues payroll tax debts to the IRS and does not pay them, your business is in a heap of trouble.

 

But it can get worse: the IRS has a mechanism called the trust fund recovery penalty that can make you personally liable for the unpaid payroll trust fund taxes, regardless of what type of entity you use to run your business!

 

In this article, you learn first how this onerous penalty works and then you learn strategies that you can use to stop the IRS from making you personally liable for your business’s trust fund payroll debts. ... Log in to view full article.

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