Trust Fund Recovery Penalty Representation

If a corporation fails to pay its IRS Form 941 Withholding Taxes, any individual deemed either willful or responsible for the tax accrual can be personally assessed the Trust Fund Recovery Penalty. This penalty can be assessed whether your corporation is in business or not. If you are assessed, you can appeal the assessment. These appeals are time sensitive. The IRS also reserves the right to collect from the corporation and the individuals simultaneously. Each of our business owners are fully protected from individual collection, while we work to negotiate a formal resolution strategy from their company. Additionally, each of our business agreements we reach with the IRS are drafted to protect our owners from any future collection tactics through their individual income or assets.