Now when it comes to payroll taxes you've said this a couple times and I think it's worth repeating the IRIScan assess you personally you know payroll taxes so if you end up being assessed by the IRS it can be terrifying you you want to understand how to survive an assessment and it's called form 4180 trust fund assessment the long-winded version is report of interview with individual relative to trust find recovery penalty or personal liability for excise taxes from section 66 72 of the IRC that's a lot our old 66 72 yes yes now what's interesting about form 40 180 is it's not a form for taxpayers to fill out it's the revenue officer foreign so the IRS does not put this form on their website but if you google the form there's plenty of people that have put up copies so you can sort of get an idea ahead of time of what you're getting into and I think it's best to be prepared right we like to fill out our you know we like to fill it out ahead of time the IRS the you know the revenue officer can't take our copy because they want to do the interrogation interrogation now something you know important to realize is you're 40 180 might not be against a business owner yes it's whoever they think is responsible for paying those taxes right and so willfully and knowingly and willfully somebody who is responsible so sometimes they can go after a bookkeeper and then the bookkeeper would be personally responsible happy yeah and here's like if here's something to really watch out for okay if you happen to be you know that you know doing the books the year you're in charge of it and the...
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