Is the IRS trying to assess the trust fund recovery penalty against you?
It is known as the 6672 Penalty.
Here is what to do to avoid the Trust fund Recovery Penalty:
File a “Formal Written Protest”
The potentially responsible party should submit a Formal Written Protest in duplicate and should include:
The responsible party’s name, address, and Social Security number
A copy of the Letter 1153(DO) or date and number of the letter
A statement that the responsible party wants a conference
The tax periods involved (from Form 2751)
A list of issues the responsible party disagrees with and an explanation of why he or she disagrees
Note:
The following statement must be added to declare that the information submitted in this item is true: “Under penalties of perjury, I declare that I have examined the facts presented in this statement and any accompanying information, and, to the best of my knowledge and belief, they are true, correct, and complete.”
If applicable, the law or other authority the responsible party is relying on to support his or her arguments along with an explanation of what the law is and how it applies.
Big Tip: Remember, if the trust fund penalty has been assessed, you can always file an 843 claim, pay the $50 dollars and have a hearing. The other option is to file an Offer in Compromise, Doubt as to Collectibility.
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