trust fund recovery penalty Archives

Feature Article

Preventing Payroll Tax Catastrophes: How Enrolled Agents Can Help Employers Avoid Penalties

In almost every action thriller movie, there is a hero who must defuse a bomb before time runs out. There is always a scene where the timer winds down, the hero’s face is grimacing, and sweat is on the skin. Will he defuse it in time? Do... Robert Nordlander, CPA

Fall 2025, Feature Article, payroll tax, Form 941, §7203, offer in compromise, Form 656, trust fund recovery penalty, §3102, §3402, §7501, §6651, §6656, TFRP, §6672, §3505(a), §7202, currently not collectible, §7122, §6159

Resolution

An Introduction to Resolving Business Tax Problems

The vast majority of business tax problems involve businesses that have fallen behind on Form 941 quarterly deposits. Running a business is... Jennifer L. Cable, EA, NTPI Fellow®

Fall 2023, Resolution, Internal Revenue Manual, Form 941, offer in compromise, OIC, Form 656, trust fund recovery penalty, IRM §5.11.2.3.1.4, deposit, IRM §5.8.2.4.1

Feature Article

Lessons from a Rogue Revenue Officer

I do not have scientific data to back this up, but my 30 years’ experience has led me to believe that something along the lines of 98 percent of the folks at the Internal Revenue Service (IRS) are ha... John A. Mitchell, EA

Fall 2023, Feature Article, Internal Revenue Manual, Freedom of Information Act, collection due process, Form 2848, LLC, Central Authorization File Unit, power of attorney, Form 9297, Letter 4020-C, Letter 4020-A, IRC §7502(a), §7502(f), Form 2751, Form 4180, Letter 1153, appeals officer, trust fund recovery penalty, revenue officer