Posted by Tom Regan | Jun 23, 2016 | 0 Comments
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 ...
Continue ReadingPosted by Tom Regan | Jan 06, 2014 | 0 Comments
An individual assessed the Trust Fund Recovery Penalty (TFRP) has the option to pay just a portion of the assessment to gain access to a court. This is different from the requirement for income taxes, which calls for payment, in full, of the tax, penalty, and interest, before a court can hear the case.
Continue ReadingPosted by Tom Regan | Feb 04, 2009 | 0 Comments
In both good and bad economic climates, any business can face cash flow problems. Sometimes, a business finds itself in a situation where there is not enough money to pay all of its obligations, including the employment taxes to the IRS and the employment and sales taxes to the Minnesota Departme...
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