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MTX - Trust Fund Recovery Penalty

Trust Fund Recovery Penalty

MTX possess the precise expertise in tax resolution and possess lincese to practice taxation before the IRS

Are you having problems with the IRS? Please let MTX take care of you!

Thomas Urquilla possess the concrete expertise and experience with the IRS to help you. IRS tax relief and resolution is one phone call away.

Trust fund recovery penalty: How much time does the IRS have to assess it?

It can be tempting to use payroll tax withholdings as a source of operating capital for your business, especially in troubled times. But this is dangerous – the IRS can penalize anyone in your business who took part in this decision with personal liabilty for the unpaid taxes.

This is known as the trust fund recovery penalty. The amount of the penalty is equal to the amount of money deducted from employees paychecks but not paid to the IRS.

But there are time limitations on the IRS pursuit of the trust fund recovery penalty. If the IRS does not assign a Revenue Officer to your case and investigate you in a timely manner, they lose the right to do so.

If your business has failed to pay your payroll taxes, the IRS can hold you liable for the Trust Fund Recovery Penalty. If you have received a proposed assessment of a Trust Fund Penalty from the IRS, you only have 60 days to protest the assessment. Without taking another step, call us right away so we can protect your personal finances and the security of your future financial condition and business ventures.

Why choose MTX

Free Confidential Tax Consultation - Honest Information You Can Trust

One Flat Rate Fee - No Hidden Charges - Flexible Payment Arrangements

No Delay in Beginning Your Case

Live Customer Support - Direct Line to Your Tax Professional

Immediate Reassurance and Peace of Mind

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