Payroll or Trust Fund Tax . . . IRS has No Sense of Humor
It’s easy to get yourself in hot water when it comes to payment of trust fund taxes to the Federal government. Business cycles, cash flow problems, and unexpected events can cause a business to use trust fund taxes to pay other expenses. It’s understandable, unless you are the IRS. Unless you are protected by able counsel they can, and usually will, unleash an aggression and fury upon the “responsible person” who fails to turn over trust fund taxes to the Federal government. Read more