The Trust Fund Recovery Penalty
The road to Hell, so we’re told, is paved with good intentions. And on the road to Hell, failure to pay employment taxes is definitely the fast lane. The resulting “trust fund recovery penalty” can spell disaster for the hard-pressed entrepreneur, corporate manager, director, officer, or employee who falls victim to it. This article will outline the exposure to the penalty, the procedures for contesting the penalty, and the options…
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