Tag Archives: employment taxes and TFRP

Employment Taxes and the Trust Fund Recovery Penalty: What You Need to Know — Part III

You’ve been accused of willfully failing to pay employment taxes and are now at risk of being assessed the trust fund recovery penalty. What next? How you respond — and when — could determine whether you’re forced to endure a lengthy interview or appeals process, and more importantly, whether you end up paying the penalty. […]

Employment Taxes and the Trust Fund Recovery Penalty: What You Need to Know — Part I

As an employer, one of your most significant IRS responsibilities involves withholding federal and payroll taxes on behalf of your employees. Your failure to properly withhold or pay these taxes could lead to major repercussions, including, most notably, the trust fund recovery penalty. In this blog series, we take a deep dive, examining what the […]