There are many reasons businesses fall behind on paying their federal tax liabilities. Falling behind on certain kinds of taxes, sometimes called “trust fund” taxes, may result in the IRS assessing those taxes against the business owners, officers, or other individuals the IRS considers to be “responsible” for ensuring the payment of those taxes. Federal [...]
The IRS appears to be more serious about pursuing and prosecuting companies that do not pay their employment taxes. The IRS’s first step to address this problem with unpaid employment taxes is to contact these companies as early as possible, hoping this early intervention will prevent the misuse of withheld taxes from ever occurring. Sixty-nine [...]
Tom recently presented a seminar to Minnesota attorneys in which he shared some common questions asked by clients dealing with tax controversies and explained how to help them. The questions Tom discussed include: Can I challenge the Internal Revenue Service’s (IRS) decision to pursue me for unpaid taxes? Can I get the IRS or the [...]