IRS Trust Fund recovery penalties pertain to the payroll taxes withheld by an employer, and which are supposed to be paid over to the IRS regularly. These taxes are onerous, because they are not discharged in a bankruptcy filing, for example. Moreover, the IRS takes aggressive enforcement action against those who have fallen behind on payroll taxes. A case in … Read More
How to Approach the IRS about Your Tax Debts
Here first is a cautionary tale on how not to fight the IRS on the matter of tax debts. That would be the story of tax protestors, Ed and Elaine Brown from New Hampshire. They are now residing in rent-free housing provided for by the U.S. Government. It’s just not the kind of housing that you’d ever want. Their … Read More