Business owners already have plenty on their plate. Failing to pay taxes withheld from employee payroll or any taxes required to be remitted to the government is considered a serious offense. Anyone who fails to collect and pay trust fund taxes may be liable for a hefty trust fund recovery penalty. This could mean the business owner or the employee assigned to collect and pay trust fund taxes.

There are many legitimate circumstances that can be used as defense against the trust fund recovery penalty. Any concerns raised must be addressed within 60 days from the date of the letter of trust fund penalty liability. Take action immediately to speak to our experienced cpas because this tax debt can cause significant financial damages.

Call us today at (212) 353-8807 to get started on resolving this issue so you can return to what you do best – running your business.