by Fresh Start Tax | Mar 20, 2019 | Tax Help
We are an affordable local South Florida tax firm that specializes in filing back tax returns and settling with the IRS worry free.
After all,, we know the system.
As former IRS agents, managers and teaching instructors we know the system inside and out.
Let our experience work for you. We are an A+ rated company by the Better Business Bureau and have been practicing since 1982.
We are composed of AFFORDABLE Former IRS agents and managers who know all the tax systems and policies to get you in the tax system smoothly and worry free.
We have over 65 years of direct work experience in the local, district, and regional tax offices of the IRS.
We can file all your back tax returns and settle your case all at the same time.
We have filed thousands of back, past due and unfiled tax return and have gotten thousands taxpayers back into the system and worked out settlement agreements without problems.
You do not have to be worried or afraid. You are certainly not alone. Once you understand the system and how easy the process can be you can have immediate peace of mind on your back tax issues.
Unfiled, back or past due tax returns is a real problem for the IRS and it is developing programs to catch up with non filers. The Internal Revenue Service has been putting in more sophisticated filters to catch taxpayers who have multiple unfiled back tax returns.
The latest estimates reveals that over 10 million taxpayers do not file tax returns causing a huge problem for the IRS.
As a result, the IRS is starting to step up their enforcement action by running matching programs to catch up with non filers. The IRS has increased its budget for technology that helps locate non-filing taxpayers.
In fact, they have targeted this problem as one of the higher priority problems because millions of tax dollars are not being collected. IRS use computer matching and software programs to help as well.
The IRS Information Reporting System (IRP) matches W-2’s and 1099’s to the tax documents submitted. Each year IRS runs these matching programs.
If you have not filed for years it will only be a matter of time till the IRS catches up. You must file before they turn your case into a criminal investigation.
IRS uses a Voluntary Disclosure Policy.
IRS allows taxpayers to submit the missing tax returns and usually avoid criminal prosecution.
However, all unfiled tax returns must be fully accurate If not, the chance of criminal prosecution is heightened. Filing a fraudulent tax return is not something you want to do.
If you think this is a good course of action for you, be sure and do your best to voluntarily inform the IRS of your failure to file. If you hire a tax professional they will file a power of attorney with a written letter stating in the letter the anticipated date of filing. To IRS and this will serve as your attempt to voluntary file.
You also need to file a correct tax return, make full payment if you can and make the disclosure before finding out you are under criminal investigation.
IRS generally prosecutes 1700 cases a year. The average sentence is 25 months and they have a 92% conviction rate.
How many back years do I file?
This is a very tough answer to tell you without reviewing your individual case. It could vary between 3-6 years. As we get into the case we can make that call. We try to file as few years as IRS will allow.
On no asset cases you can usually get by with 3 years. However, if you want social security credits to build up, the more years you file the better off you are.
Here is how “THE PROCESS ” works of filing late, back or unfiled tax returns.
1. Try to obtain all your back 1099’s or W-2’s. Also get copies of all your bank statements for the tax years not filed. This will give you your total income for the years involved.
2. The taxpayer should to the best of their ability reconstruct what they think their tax earnings and expenses were for each year. They can do this simply by using a monthly averages for each of the years.
As an example, how much was one month of your rent or mortgage, your car expenses, your food, your insurance etc. Arrive at a monthly figure and multiple it by 12. As a general rule your rent or mortgage is usually about 28% monthly expenses.
3. If you have bank statements, what were your total deposits for the year? Match this up with what you are claiming as total income.
4. If you have absolutely no records, call the IRS and ask them for an income report record of all third parties that have reported to the IRS. The IRS keeps on their computer system a list of all third party sources that have reported 1099’s or W-2’s. The IRS will send this to you within a couple weeks of your request.
5. Ask yourself, does this return make sense? The IRS knows how much it costs to live in each area of the country. The tax return must reflect your living style and conditions over the period of time in which you are filing. Do not round numbers to zero and do not use a pencil to fill out your tax return.
6. Prepare your tax return and send it to the IRS to the at the regional office closest to your residence.
7. If you are going to owe money, still file your tax return and contact us to find the type of settlement that works best for your life style.
It is always best to let a professional tax firm handle this situation.
The professional firms know the standards and the methods used by the IRS and if you owe tax, they can probably work out a tax settlement as well. So if you have back,unfiled, or past due tax returns call us today.
What happens if you lost your W-2s or 1099’s? No Big Deal
If you lost your W-2(s) or 1099(s) call the business that you would have received them from. Ask their payroll department for copies. Typically businesses (your employer, banks, stock brokerage etc) will carry these records for 7 years.
If the business is out of business or did not keep copies you can call the IRS at 1-800-829-1040 and ask for a printout of the data for the year(s) you did not file.
Although the IRS cannot provide you actual W-2s or 1099s, you will at least have enough information for your baseline tax amount to report on your taxes. IRS keeps these income reports on record for 7 years. You will be asking IRS for income reports.
What are the different ways IRS may contact me you did not file
The IRS starts off by sending you a letter or notice in the mail at the last address they have on file for you. IRS letters or what the IRS calls CP for collection process notices may let you know that they have no record of your tax return.
If you do not respond to these letters, then IRS may follow-up with a phone call or a letter telling you that you have 30 days to get your returns filed.
If you fail to take corrective actions, stepped up process will take place. If the IRS can not get you to file through telephone call or letters you will get a or visit from a Revenue Officer.
At this point the case will be assigned to the local office to close the case. If you did not file after this IRS will file your tax return for you. This is called SFR or substitute for return.
If IRS files for you this is called Substitute for Returns or SRF
If the IRS files a Substitute For Return tax returns, they are prepared and filed pursuant to authority granted the Internal Revenue Service by IRC §6020(b) which authorizes the IRS to prepare an individual income tax return on behalf of the taxpayer.
In most cases, the Automated Substitute for Return (ASFR) system is used to evaluate the IRS Master File on the IRS CADE Computer and prepare an SFR for a wage earner or taxpayer without other unresolved taxpayer delinquent accounts. IRS will not do this unless they have repeated tried to contact you.
In order to conserve manpower and financial resources, tax cases having the following criteria will generally be handled by the ASFR system:
1. The taxpayer is not self-employed;
2. Total income is less than $100,000; Larger cases will referred to audit,
3. The income shown on the IRS Information Reporting System totals more than 75% of adjusted gross income and total positive income on the taxpayer’s last filed return;
4. The tax year is no older than six years prior to the current tax year;
5. There is no current or pending “uncollectible status” on the account or Criminal indicator on the account.
6. The taxpayer’s address has been verified. If these conditions do not exist, the matter will be sent to a Revenue Officer in the local field office closest to the taxpayers residence to review and obtain pertinent information prior to referral to the Exam Division for creation of an SFR for the taxpayer.
To File Back Tax Returns & Settle With the IRS Worry Free + Miami, Ft.Lauderdale, Boca Raton, Miramar, Pembroke Pines, Coral Springs, Parkland, Palm Beaches
by Fresh Start Tax | Mar 20, 2019 | Tax Help
Michael Sullivan Fresh Start Tax Expert, former IRS Agent + Get Back In The System
We are composed of AFFORDABLE Former IRS agents and managers who know all the tax systems and policies to get you in the tax system smoothly and worry free.
We have over 65 years of direct work experience in the local, district, and regional tax offices of the IRS.
We can file all your back tax returns and settle your case all at the same time.
We have filed thousands of back, past due and unfiled tax return and have gotten thousands taxpayers back into the system and worked out settlement agreements without problems.
You do not have to be worried or afraid. You are certainly not alone. Once you understand the system and how easy the process can be you can have immediate peace of mind on your back tax issues.
Unfiled, past due, back tax returns.
Unfiled, back or past due tax returns is a real problem for the IRS and it is developing programs to catch up with non filers.
The latest estimates reveals that over 10 million taxpayers do not file tax returns causing a huge problem for the IRS.
As a result, the IRS is starting to step up their enforcement action by running matching programs to catch up with non filers. The IRS has increased its budget for technology that helps locate non-filing taxpayers.
In fact, they have targeted this problem as one of the higher priority problems because millions of tax dollars are not being collected. IRS use computer matching and software programs to help as well.
The IRS Information Reporting System (IRP) matches W-2’s and 1099’s to the tax documents submitted. Each year IRS runs these matching programs.
If you have not filed for years it will only be a matter of time till the IRS catches up. You must file before they turn your case into a criminal investigation.
IRS uses a Voluntary Disclosure Policy.
IRS allows taxpayers to submit the missing tax returns and usually avoid criminal prosecution.
However, all unfiled tax returns must be fully accurate If not, the chance of criminal prosecution is heightened. Filing a fraudulent tax return is not something you want to do.
If you think this is a good course of action for you, be sure and do your best to voluntarily inform the IRS of your failure to file. If you hire a tax professional they will file a power of attorney with a written letter stating in the letter the anticipated date of filing. To IRS and this will serve as your attempt to voluntary file.
You also need to file a correct tax return, make full payment if you can and make the disclosure before finding out you are under criminal investigation.
IRS generally prosecutes 1700 cases a year. The average sentence is 25 months and they have a 92% conviction rate.
How many back years do I file?
This is a very tough answer to tell you without reviewing your individual case. It could vary between 3,6, or 7 years. As we get into the case we can make that call. We try to file as few years as IRS will allow.
On no asset cases you can usually get by with 3 years. However, if you want social security credits to build up, the more years you file the better off you are.
Here is how “THE PROCESS ” works of filing late, back or unfiled tax returns.
1. Try to obtain all your back 1099’s or W-2’s. Also get copies of all your bank statements for the tax years not filed. This will give you your total income for the years involved.
2. The taxpayer should to the best of their ability reconstruct what they think their tax earnings and expenses were for each year. They can do this simply by using a monthly averages for each of the years.
As an example, how much was one month of your rent or mortgage, your car expenses, your food, your insurance etc. Arrive at a monthly figure and multiple it by 12. As a general rule your rent or mortgage is usually about 28% monthly expenses.
3. If you have bank statements, what were your total deposits for the year? Match this up with what you are claiming as total income.
4. If you have absolutely no records, call the IRS and ask them for an income report record of all third parties that have reported to the IRS. The IRS keeps on their computer system a list of all third party sources that have reported 1099’s or W-2’s. The IRS will send this to you within a couple weeks of your request.
5. Ask yourself, does this return make sense? The IRS knows how much it costs to live in each area of the country. The tax return must reflect your living style and conditions over the period of time in which you are filing. Do not round numbers to zero and do not use a pencil to fill out your tax return.
6. Prepare your tax return and send it to the IRS to the at the regional office closest to your residence.
7. If you are going to owe money, still file your tax return and contact us to find the type of settlement that works best for your life style.
It is always best to let a professional tax firm handle this situation.
The professional firms know the standards and the methods used by the IRS and if you owe tax, they can probably work out a tax settlement as well. So if you have back, unfiled, or past due tax returns call us today.
What happens if you lost your W-2s or 1099’s?
If you lost your W-2(s) or 1099(s) call the business that you would have received them from. Ask their payroll department for copies. Typically businesses (your employer, banks, stock brokerage etc) will carry these records for 7 years.
If the business is out of business or did not keep copies you can call the IRS at 1-800-829-1040 and ask for a printout of the data for the year(s) you did not file.
Although the IRS cannot provide you actual W-2s or 1099s, you will at least have enough information for your baseline tax amount to report on your taxes. IRS keeps these income reports on record for 7 years. You will be asking IRS for income reports.
What are the different ways IRS may contact me you did not file
The IRS starts off by sending you a letter or notice in the mail at the last address they have on file for you. IRS letters or what the IRS calls CP for collection process notices may let you know that they have no record of your tax return.
If you do not respond to these letters, then IRS may follow-up with a phone call or a letter telling you that you have 30 days to get your returns filed.
If you fail to take corrective actions, stepped up process will take place. If the IRS can not get you to file through telephone call or letters you will get a or visit from a Revenue Officer.
At this point the case will be assigned to the local office to close the case. If you did not file after this IRS will file your tax return for you. This is called SFR or substitute for return.
If IRS files for you this is called Substitute for Returns or SRF
If the IRS files a Substitute For Return tax returns, they are prepared and filed pursuant to authority granted the Internal Revenue Service by IRC §6020(b) which authorizes the IRS to prepare an individual income tax return on behalf of the taxpayer.
In most cases, the Automated Substitute for Return (ASFR) system is used to evaluate the IRS Master File on the IRS CADE Computer and prepare an SFR for a wage earner or taxpayer without other unresolved taxpayer delinquent accounts. IRS will not do this unless they have repeated tried to contact you.
In order to conserve manpower and financial resources, tax cases having the following criteria will generally be handled by the ASFR system:
1. The taxpayer is not self-employed;
2. Total income is less than $100,000; Larger cases will referred to audit,
3. The income shown on the IRS Information Reporting System totals more than 75% of adjusted gross income and total positive income on the taxpayer’s last filed return;
4. The tax year is no older than six years prior to the current tax year;
5. There is no current or pending “uncollectible status” on the account or Criminal indicator on the account.
6. The taxpayer’s address has been verified. If these conditions do not exist, the matter will be sent to a Revenue Officer in the local field office closest to the taxpayers residence to review and obtain pertinent information prior to referral to the Exam Division for creation of an SFR for the taxpayer.
The Revenue Officer has the option to do the SRF also.
When I worked for the IRS I filed SFR’s for the taxpayers.
by Fresh Start Tax | Mar 20, 2019 | Tax Help
We are former IRS agents and trust fund/payroll tax experts, since 1982. Since 1982 A+ rated by the BBB.
Whether you owe back payroll or trust fund taxes or you need to settle the tax debt, call us today for a free initial tax consultation and I can walk you through the process and answer all the questions you have.
We are experts for abatements for the trust fund recovery penalty.
Help For Trust Fund Recovery Penalty + Unpaid Employer Payroll Taxes * former irs agents
I have worked thousands and thousands of cases.
As former IRS agents I have set up hundreds and hundreds of trust fund cases on corporations that went defunct or companies that required the trust fund penalty. We know the system inside and out and understand all the methodologies and all the defenses to get you successful results.
Those trust fund penalties are set up to those responsible individuals that the IRS deems had the responsibility to pay the back taxes. Discussion below regarding those deemed responsible.
There are a whole series of standards in common-law fact that the IRS checks before they set the trust fund penalty up against those responsible.
There are generally two types of taxpayers and fall in this category. Those that signed and agreed to the penalty and those who disagreed and need to file an appeal.
Both cases are work differently.
If you owe back taxes result of the trust fund penalty, IRS will require a financial statement to make a determination on how they will collect the back taxes. The tax treatment you will receive from the IRS and/or revenue officer will be as though you owe individual taxes.
Your current financial statement will reflect to IRS your collectibility.
As a result of IRS reviewing your current financial statement, you are generally going to have your case closed by Internal Revenue Service in one of three ways.
They will either place your case into:
1. a currently not collectible or hardship status,
2 IRS will ask for a monthly payment plan,
3. You may be able to settle your debt pennies on the dollar though the offer in compromise programs.
For those of you who do not agree with the trust fund penalty, you can file an 843 claim form to have your case reopened or to file an offer in compromise, doubt as to liability case.
If you do not know what to do need a free tax consultation call us today.
What is the Trust Fund Tax or the 6672 penalty.
A trust fund tax is money withheld from an employee’s wages (income tax, Social Security, and Medicare taxes) by an employer and held in trust until paid to the Treasury.
When you pay your employees, you do not pay them all the money they earned. As their employer, you have the added responsibility of withholding taxes from their paychecks.
The income tax and employees’ share of FICA (Social Security and Medicare) that you withhold from your employees’ paychecks are part of their wages you pay to the Treasury instead of to your employees.
Your employees trust that you pay the withholding to the Treasury by making Federal Tax Deposits (FTD) (PDF). That is why they are called trust fund taxes.
Through this withholding, your employees pay their contributions toward retirement benefits (Social Security and Medicare) and the income taxes reported on their tax returns.
Your employees’ trust fund taxes, along with your matching share of FICA, are paid to the Treasury through the Federal Tax Deposit System.
For additional information, refer to Employment Taxes and the Trust Fund Recovery Penalty (TFRP).
Employment tax deposits are a current expense. Congress has established large penalties for delays in turning over your employment taxes to the Treasury.
So whether you owe trust fund taxes, back payroll taxes or need to file an appeal call us today and we can walk you through the process for free initial tax consultation. When you do you will speak to true IRS tax experts.
Expert trust fund recovery penalty abatement’s * former irs agents tax help
by Fresh Start Tax | Mar 20, 2019 | Tax Help
Federal law requires a person to report cash transactions of more than $10,000 by filing IRS Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business.
The information on the form helps law enforcement combat money laundering, tax evasion, drug dealing, terrorist financing and other criminal activities.
Who is covered
By law, a “person” is an individual, company, corporation, partnership, association, trust or estate.
For example, dealers in jewelry, furniture, boats, aircraft or automobiles; pawnbrokers; attorneys; real estate brokers; insurance companies and travel agencies are among those who typically need to file Form 8300.
Tax-exempt organizations are also “persons” and may need to report certain transactions. A tax-exempt organization doesn’t have to file Form 8300 for a charitable cash contribution.
Note, however, that under a separate requirement, a donor often must obtain a written acknowledgement of the contribution from the organization. See Publication 526, Charitable Contributions, for details. But the organization must report noncharitable cash payments on Form 8300. For example, an exempt organization that receives more than $10,000 in cash for renting part of its building must report the transaction.
What’s cash
For Form 8300 reporting, cash includes coins and currency of the United States or any foreign country.
It’s also a cashier’s check (sometimes called a treasurer’s check or bank check), bank draft, traveler’s check or money order with a face amount of $10,000 or less that a person receives for:
• A designated reporting transaction or
• Any transaction in which the person knows the payer is trying to avoid a report.
Note that under a separate reporting requirement, banks and other financial institutions report cash purchases of cashier’s checks, treasurer’s checks and/or bank checks, bank drafts, traveler’s checks and money orders with a face value of more than $10,000 by filing currency transaction reports.
A designated reporting transaction is the retail sale of tangible personal property that’s generally suited for personal use, expected to last at least one year and has a sales price of more than $10,000. Examples are sales of automobiles, jewelry, mobile homes and furniture.
A designated reporting transaction is also the sale of a collectible, such as a work of art, rug, antique, metal, stamp or coin. It is also the sale of travel and entertainment, if the total price of all items for the same trip or entertainment event is more than $10,000.
A person must file Form 8300 if they receive cash of more than $10,000 from the same payer or agent:
• In one lump sum.
• In two or more related payments within 24 hours. For example, a 24-hour period is 11 a.m. Tuesday to 11 a.m. Wednesday.
• As part of a single transaction or two or more related transactions within 12 months.
Examples of reporting situations
Automobile dealerships
• If a husband and wife purchased two cars at one time from the same dealer, and the dealer received a total of $10,200 in cash, the dealer can view the transaction as a single transaction or two related transactions. Either way, it calls for only one Form 8300.
• A dealership doesn’t file Form 8300 if a customer pays with a $7,000 wire transfer and a $4,000 cashier check. A wire transfer is not cash.
• A customer purchases a car for $9,000 cash. Within 12 months, the customer pays the dealership cash of $1,500 for accessories for that car. The dealer doesn’t need to file Form 8300, unless they knew or had reason to know the transactions were connected.
Taxi company
Weekly lease payments in cash from a taxi driver to a taxi company within 12 months is considered the same transaction. The taxi company needs to file Form 8300 when the total amount exceeds $10,000. Then, if the company receives more than $10,000 cash in additional payments from the driver within 12 months, the company must file another Form 8300.
Landlords
Landlords need to file Form 8300 once they’ve received more than $10,000 in cash for a lease during the year. But a person not in the trade or business of managing or leasing real property, such as someone who leases their vacation home for part of the year, doesn’t need to report a cash receipt of more than $10,000.
Bail-bonding agent
A bail-bonding agent must file Form 8300 when they receive more than $10,000 in cash from a person. This applies to payments from persons who have been arrested or anticipate arrest. The agent needs to file the form even though they haven’t provided a service when they received the cash.
Colleges and universities
Colleges and universities must file Form 8300, if they receive more than $10,000 in cash in one or more transactions within 12 months.
Home builders
Home builders and contractors need to file Form 8300 if they receive cash of more than $10,000 for building, renovating or remodeling.
When to file Form 8300
A business must file Form 8300 within 15 days after the date the business received the cash. If a business receives later payments toward a single transaction or two or more related transactions, the business should file Form 8300 when the total amount paid exceeds $10,000.
Each time payments aggregate more than $10,000, the business must file another Form 8300.
How to file
A person can file Form 8300 electronically using the Financial Crimes Enforcement Network’s BSA E-Filing System. E-filing is free, quick and secure. Filers will receive an electronic acknowledgement of each submission.
Those who prefer to mail Form 8300 can send it to Internal Revenue Service, Federal Building, P.O. Box 32621, Detroit, MI 48232. Filers can confirm the IRS received the form by sending it via certified mail with return receipt requested or calling the Detroit Federal Building at 866-270-0733.
Taxpayer identification number
Form 8300 requires the taxpayer identification number (TIN) of the person paying with cash. If they refuse to provide it, the business should inform the person that the IRS may assess a penalty.
If the business is unable to obtain the customer’s TIN, the business should file Form 8300 anyway. The business needs to include a statement with Form 8300 that explains why the form doesn’t have a TIN. The business should keep records showing it requested the customer’s TIN and give the records to the IRS upon request.
Informing customers about Form 8300 filing
The business must give a customer written notice by Jan. 31 of the year following the transaction that it filed Form 8300 to report the customer’s cash transaction.
• The government doesn’t offer a specific format for the customer statement, but it must:
• Be a single statement aggregating the value of the prior year’s transactions,
• Have the name, address and phone number of the person who needs to file the Form 8300 and
• Inform the customer the business is reporting the payment to the IRS.
A business can give a customer who only had one transaction during the year a copy of the invoice or Form 8300 as notification if it has the required information. The government doesn’t recommend using a copy of Form 8300 because of sensitive information on the form, such as the employer identification number or Social Security number of the person filing the Form 8300.
A business may voluntarily file Form 8300 to report a suspicious transaction below $10,000. In this situation, the business doesn’t let the customer know about the report. The law prohibits a business from informing a customer that it marked the suspicious transaction box on the form.
by Fresh Start Tax | Mar 11, 2019 | Tax Help
We are former IRS agents and trust fund/payroll tax experts, since 1982. Since 1982 A+ rated by the BBB.
Whether you owe back payroll or trust fund taxes or you need to settle the tax debt, call us today for a free initial tax consultation and I can walk you through the process and answer all the questions you have.
IRS Trust Fund Recovery Help, Tax Defense, Appeals, Settlements Former IRS Agents
As former IRS agents I have set up hundreds and hundreds of trust fund cases on corporations that went defunct or companies that required the trust fund penalty. We know the system inside and out and understand all the methodologies and all the defenses to get you successful results.
Those trust fund penalties are set up to those responsible individuals that the IRS deems had the responsibility to pay the back taxes. Discussion below regarding those deemed responsible.
There are a whole series of standards in common-law fact that the IRS checks before they set the trust fund penalty up against those responsible.
There are generally two types of taxpayers and fall in this category. Those that signed and agreed to the penalty and those who disagreed and need to file an appeal.
Both cases are work differently.
If you owe back taxes result of the trust fund penalty, IRS will require a financial statement to make a determination on how they will collect the back taxes. The tax treatment you will receive from the IRS and/or revenue officer will be as though you owe individual taxes.
Your current financial statement will reflect to IRS your collectibility.
As a result of IRS reviewing your current financial statement, you are generally going to have your case closed by Internal Revenue Service in one of three ways.
They will either place your case into:
1. a currently not collectible or hardship status,
2. IRS will ask for a monthly payment plan,
3. You may be able to settle your debt pennies on the dollar though the offer in compromise programs.
For those of you who do not agree with the trust fund penalty, you can file an 843 claim form to have your case reopened or to file an offer in compromise, doubt as to liability case.
If you do not know what to do need a free tax consultation call us today.
What is the Trust Fund Tax or the 6672 penalty.
A trust fund tax is money withheld from an employee’s wages (income tax, Social Security, and Medicare taxes) by an employer and held in trust until paid to the Treasury.
When you pay your employees, you do not pay them all the money they earned. As their employer, you have the added responsibility of withholding taxes from their paychecks.
The income tax and employees’ share of FICA (Social Security and Medicare) that you withhold from your employees’ paychecks are part of their wages you pay to the Treasury instead of to your employees.
Your employees trust that you pay the withholding to the Treasury by making Federal Tax Deposits (FTD) (PDF). That is why they are called trust fund taxes.
Through this withholding, your employees pay their contributions toward retirement benefits (Social Security and Medicare) and the income taxes reported on their tax returns.
Your employees’ trust fund taxes, along with your matching share of FICA, are paid to the Treasury through the Federal Tax Deposit System.
For additional information, refer to Employment Taxes and the Trust Fund Recovery Penalty (TFRP).
Employment tax deposits are a current expense. Congress has established large penalties for delays in turning over your employment taxes to the Treasury.
So whether you owe trust fund taxes, back payroll taxes or need to file an appeal call us today and we can walk you through the process for free initial tax consultation. When you do you will speak to true IRS tax experts.
We are the true tax experts.
Help For Trust Fund Recovery Penalty Appeals Process * former irs agent tax help
