Trust Fund Recovery Penalties IRS Tax Controversies

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In some cases, an individual can be held personally responsible by the IRS if a business fails to remit its “trust fund taxes” – the federal, Social Security and Medicare taxes withheld from employees’ paychecks.


Via the Trust Fund Recovery Penalty, the IRS could lien and/or levy this responsible person’s personal assets to collect these payroll taxes.

You do not have to be an owner, officer, or board member of an organization to be considered a responsible person under this penalty! You could be an employee who knew that these taxes were not being collected and didn’t do anything about it.

If you find yourself subject to the IRS Trust Fund Recovery Penalty, contact our office immediately! We may be able to reduce the penalty or eliminate it entirely.

Fill out the form below or call us at 646-326-9971 for a free in-office consultation.

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Bradley R. Bailyn, Esq. , Founder

Bailyn Law provides comprehensive legal and advisory services in the fields of bankruptcy and out-of-court debt workouts. We serve companies and individuals who wish to restructure their businesses or their finances to improve liquidity and increase profitability. We also advise creditors seeking to protect their legal rights and economic interests.

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6301 Mill Lane Brooklyn, NY 11234

One Rockefeller Plaza, Tenth Floor New York, NY 10020

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The Bailyn Law Firm, P.C

 

6301 Mill Lane
Brooklyn, NY 11234

 

One Rockefeller Plaza, Tenth Floor
New York, NY 10020



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6301 Mill Lane Brooklyn, NY 11234

One Rockefeller Plaza, Tenth Floor New York, NY 10020

THE BAILYN LAW FIRM, P.C.