EPISODE · Sep 16, 2023 · 36 MIN
Trust Fund Recovery Penalty [For Payroll Tax Debt] Explained by a CPA
from Tax Relief with Logan Allec, CPA · host Logan Allec
If you owe back payroll taxes or the Trust Fund Recovery Penalty to the IRS, book a FREE tax relief consultation here: https://calendly.com/choice-tax-relie...The Trust Fund Recovery Penalty is the assessment against an individual whom the IRS considers to be a "responsible person" who "willfully" failed to collect or remit certain kinds of payroll taxes called "trust fund" taxes. The assessment is generally equal to the amount of the unpaid trust fund taxes, plus interest. In this episode, I discuss what is the Trust Fund Recovery Penalty, what are "trust fund" taxes, why the Trust Fund Recovery can be so scary and daunting, how to contest the Trust Fund Recovery Penalty, and what to do if the IRS has assessed the Trust Fund Recovery Penalty against you.➡️ Here Are Your Tax Debt Relief Options For the Trust Fund Recovery Penalty and Other Individual Back Taxes Assessments: • Tax Debt Relief EXPLAINED: Here Are t... ➡️ Offer in Compromise Formula Video: • Offer in Compromise Guidelines + Form...
What this episode covers
If you owe back payroll taxes or the Trust Fund Recovery Penalty to the IRS, book a FREE tax relief consultation here: https://calendly.com/choice-tax-relie... The Trust Fund Recovery Penalty is the assessment against an individual whom the IRS considers to be a "responsible person" who "willfully" failed to collect or remit certain kinds of payroll taxes called "trust fund" taxes. The assessment is generally equal to the amount of the unpaid trust fund taxes, plus interest. In this ep...
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Trust Fund Recovery Penalty [For Payroll Tax Debt] Explained by a CPA
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