My name is Alvin Brown I'm a tax attorney today I'm going to discuss with you their own taxes and the trust fund penalty obviously all businesses have to pay their payroll taxes in this economy a lot of reasons we have nobody can have the problems a lot of people who my positions are not paying their own taxes the question comes up you know who was responsible for the payment payroll taxes the company can't pay and there's a statute by the 6672 that says that if the company doesn't pay payroll taxes then it's assessed against the responsible person or persons the Irish can find more than one person involved with responsibility for paying payroll taxes so that to the extent that the business doesn't paint they can assess the responsible person the statute requires the person one be responsible and see what the feeling of thinking muffled a lot of times people don't know that it's not being paid and so that would that Clement Eris is very aggressive in these cases and miss us everyone can they think you might be involved and the failure to pay the payroll taxes they get a lot of issues that have been successful where people claim they were not responsible and I will represent them the fact that they are not responsible so very heavily litigated issue and there's a lot of peaceful but successful if I think you're responsible if you think responsible I wouldn't even go there it's only for those people who think that they around some salespeople they that the courts looking at a lot of factors you know who made decisions am i pay who that secure authority officers equity they look at all these factors not one as determinate but the largest...
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How to avoid trust Fund Recovery penalty Form: What You Should Know
A taxpayer who has voluntarily paid the tax has waived the penalty, and the federal tax liability is eliminated. In the event the tax is not paid within 90 days, the IRS can take legal action. The U.S. Tax Court may make an order against you to collect the taxes and interest. You also may be enjoined from asserting the right to payment. You can find more information about the Trust Fund Recovery Penalty and penalties on our website's Tax Liability and Penalties Guide. [5.19.
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