The IRS is authorized to assess the Trust Fund Recovery Penalty against any individual required to collect, account for and pay employment taxes that were withheld. The penalty may be assessed against one or more individuals. Various criteria must be met for an individual to be held personally responsible for this type of debt. Similar programs used to resolve an individual’s problems with the IRS, such as Offers in Compromise and Installment Agreements, may be used to address payroll tax problems. In-depth financial disclosures and a thorough analysis will determine the appropriate action necessary to solve the problems at hand. Whether your company is still operating, or whether your business is now closed, our lawyers have successfully guided employers and business owners in and around Dallas, Fort Worth TX, through the payroll tax maze and helped them deal with their unpaid or unfiled payroll taxes.
