Trust Fund Recovery Penalty

OVERVIEW

Employers have a legal obligation to withhold certain taxes from their [W2] employees’ gross pay and hold them, in trust, for remittance to the tax authorities.  These taxes include federal income tax and FICA withholdings (i.e. social security and medicare contributions). 

When these funds are not paid to the IRS, they look for all responsible and/or willful persons to hold responsible for trust fund tax evasion.  Those found responsible can be held personally liable for paying the company’s trust fund portion of the tax debt, even if they are not the owner of the business. 

The IRS has three-years from the filing of your payroll tax returns to assess trust fund penalties and they have ten-years to try to collect it from you.

OUR APPROACH

With a trust fund recovery penalty being, arguably, an employer’s worse nightmare, you can’t afford to ignore this or work with a professional who doesn’t have an expertise in this area.  Our primary strategy is proving that you were not a responsible and/or willful party to any attempt at trust fund tax evasion. 

It is important to know that the IRS will hold someone responsible. However, our goal is to eliminate your personal burden or help you navigate an affordable, non-invasive resolution, if it is determined that you are the responsible party.

You cannot afford to do anything other than be proactive and working with an experienced professional is your best first step.

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833.7.TAXLEY

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CALL THE OFFICE

833.7.TAXLEY

SCHEDULE A FREE CONSULTATION

» CLICK HERE «

WE ARE HERE FOR YOU

M – F 8a – 6p EST

Top notch service. I had a few tax issues and Taxley handled them all promptly, professionally, and to a successful completion. If I have any tax needs in the future I will be sure to use Taxley…

Jason O. - Philadelphia, PA

Thank you Anisha for your great service, dedication, and your diligence. I am satisfied, relieved, and grateful for taking care of years of on going problems with the IRS. Thanks to you!

Khaled A. - Houston, TX

Anisha is great! She is very knowledgeable, prompt, and friendly. Working with her made tax preparation go smoothly. It was also very convenient to do most of the work through…

Joshua and Latisha H. - Dayton, OH

Anisha is wonderful!! I’m glad I worked with her this tax season. She was very knowledgeable, personable, and prompt. Before we were done working together, I had already referred…

Andrea U. - Atlanta, GA

I give Anisha an A+ for her work on getting my taxes together. She is knowledgeable, extremely bright and kept her word. When I started with Anisha, my taxes were in disarray she…

Albert M. - Dayton, OH
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Don’t Wait, Get Started Today

Now’s the time to push past your fear of the IRS and get the help you need to fix your tax problems, because tax debt relief is the new reality of self-empowerment and financial freedom. Call the office or schedule a free consultation today.

SCHEDULE A FREE CONSULTATION

» CLICK HERE «

CALL THE OFFICE

833.7.TAXLEY

WE ARE HERE FOR YOU

M – F  8a – 6p EST