Does the IRS Only Have 10 Years to Collect the Trust Fund Recovery Penalty?

In this brief video, I explain the Trust Fund Recovery Penalty statute of limitations on collections!

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The Trust Fund Recovery Penalty is the assessment against an individual whom the IRS considers to be a "responsible person" who "willfully" failed to collect or remit certain kinds of payroll taxes called "trust fund" taxes. The assessment is generally equal to the amount of the unpaid trust fund taxes, plus interest. In this video, I discuss what is the Trust Fund Recovery Penalty, what are "trust fund" taxes, why the Trust Fund Recovery can be so scary and daunting, how to contest the Trust Fund Recovery Penalty, and what to do if the IRS has assessed the Trust Fund Recovery Penalty against you.

➡️ Here Are Your Tax Debt Relief Options For the Trust Fund Recovery Penalty and Other Individual Back Taxes Assessments: https://youtu.be/Ti63ecXv4G4

#payroll #businesstaxes #taxdebt

Видео Does the IRS Only Have 10 Years to Collect the Trust Fund Recovery Penalty? канала Logan Allec