IRS Trust Fund Tax- Learn what it is – IRS Tax Expert- “A” Rated BBB

December 27, 2010
Written by: steve

Fresh Start Tax 1-866-700-1040     A National Tax Practice       “A” Rated by the BBB

We can help with all your IRS matters including any potential trust fund tax. We are former IRS Agents and Managers.

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 (PDF). That is why they are called trust fund taxes.

If IRS is looking to make you a responsible officer, fight this and appeal this nightmare of a tax assessment.

Our Company Resume:

  • Our staff has over 135 years of professional tax representation experience collectively
  • On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents,
  • Former IRS Managers, Instructors and Trainers
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  • Extremely ethical and moral
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  • Licensed to practice in all 50 States
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  • Nationally Recognized Veteran Former IRS Agent
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