Fresh Start Tax L.L.C.        A Professional Tax Firm        Since 1982       “A” Rated by the Better Business Bureau

If you are in need of professional tax help to resolve your IRS trust fund liability call us today. We were former IRS Agents, Managers and Instructors that use to set up trust fund tax liabilities against responsible parties.

We know all the tax defenses to help assist you in these tax matters.

IRS has different Statute of Limitations depending on the tax and the tax issues. Normally, IRS collection statute of limitations on the collection owed runs 10 years from the date of the assessment.

However the assessment of Trust Fund Penalty has a completely different statute. You may be surprised by the number of times IRS does not follow up to set these Trust Fund Assessments cases. The amount cases that goes unassessed is staggering. I was told by a IRS Insider that only 10% of all Trust Fund Taxes are set up against responsible officers.

The IRS Trust Fund Recovery Penalty Statute of Limitations:

The IRS time frame for assessment of the trust fund recovery penalty against you is based on the filing date of your company’s  941 employment tax return

The IRS has three years from the filing date of the employment tax returns to come to you with the trust fund penalty. The term “filing date” is important here, it is defined by Internal Revenue Code 6501(b)(2), which states that employment tax returns filed for any period ending within a calendar year are considered filed on April 15 of the succeeding year.

Call us to fight this penalty.