What happens when the IRS imposes the trust fund recovery penalty attorney Jackson Turner bought says typically the IRS revenue officer looks to all persons that had signature authority over the employers bank accounts during the time periods that the taxes were not paid IRS revenue officers generally seek to assess the t frp against as many persons as they can find sometimes they assert the TFR p even when legitimate defense exists if the IRS determines that an individual is a responsible person that willfully failed to pay over the taxes they will mail the individual a letter stating that they plan to assess the TFR p the individual has 60 days from the date of the letter to appeal this IRS proposal if the individual fails to respond to the letter the IRS will assess the penalty against the individual and send a notice and demand for payment the penalty is equal in amount to the unpaid balance of the trust fund tax this computation is based on the unpaid income taxes withheld and the employees portion of the withheld taxes of the Federal Insurance Contributions Act once the IRS asserts the penalty it can initiate collection activity against the individuals personal assets namely the IRS can file a federal tax lien or take levy or seizure action for a free phone consultation contact attorney Jackson Turner vaad in myrtle beach south carolina at 8436 287 917 or visit his website at www com.
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Video instructions and help with filling out and completing Are Form 843 Liability
