Dealing with unpaid payroll taxes is a difficult endeavor. Being the person who is responsible for a company for withholding payroll taxes makes you a trustee of the government. Employers are required to withhold taxes from their employees' payroll and pay the IRS what is called the "Trust Fund Tax."

When businesses do not pay the “Trust Fund Tax”, the IRS will place a lien, levy on the establishment or even closed the business and sell the assets to resolve the liability.  The IRS is serious about collecting the payroll tax. It is one of the few things that cannot be discharged by bankruptcy or statute of limitations. This means that a responsible party must address and resolve a payroll tax debt.

Responsible Party

The IRS views a responsible party as: a person or group who has the duty to perform and the power to direct the collecting, accounting, and paying of trust fund taxes. If the IRS determines the business cannot pay their past due taxes, they shift the focus squarely on the individual.

Unpaid payroll taxes have been a constant downfall for several successful businesses. The IRS is not your friend when it comes to payroll taxes. An IRS Revenue Officer job is to make as much money for the federal government as possible.

If you are dealing with a payroll tax debt and need assistance call us today for a free consultation on how we can help you deal with the IRS!

-Barry Fowler, Enrolled Agent and Founder of Taxation Solutions

For more information on Payroll Tax Relief, click here