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Richardson TX – Have Payroll Tax Debt? It May Be Wise to Hire a Professional to Resolve Your Problem!

There are times that it makes sense for a taxpayer with IRS tax problems to face the IRS on their own.   If the tax debt is fairly small, it may cost more to hire a professional than to simply pay the IRS directly or set up a payment plan.  Other times, the taxpayer...

Richardson TX – Making Voluntary Payments to Reduce the Payroll Tax TFRP

As we in previous blogs, a priority of helping taxpayers who come into our Richardson TX, tax office with business Payroll Tax Debt, is avoiding or minimizing the impact of the Trust Fund Recovery (TFRP). When the IRS makes a TFRP assessment against an individual,...

Richardson TX – Payroll Tax Debt Relief – The Express Installment Agreement (IBTFIA)

When businesses with Payroll Tax Debt come into our Richardson, TX tax office, one of my major priorities is avoiding the Trust Fund Recovery (TFRP) from being assessed against my clients. The TFRP is an assessment that the IRS makes against what it considers to be...

Richardson TX – Top Strategies for Small Business Owners with Payroll Tax Debt

As we’ve covered in the past few blogs, Payroll Tax Debt can become a nightmare for a taxpayer who gets behind. In addition to the potential late filing and late deposit penalties to a corporation, LLC, or partnership for unpaid taxes, there is also the potential for...

Richardson TX – The Criminalization of Payroll Tax Debt!

As covered previously, Payroll Tax Debt issues are among the most complex and potentially the most damaging tax debt cases that we see in our Richardson, TX tax office. First, there are the potential penalties that can create a financial hole that’s almost impossible...

The IRS Trust Fund Recovery Penalty – Business Tax Debt and Personal Liability

Payroll Tax Debt can become a nightmare for a taxpayer who gets behind. In addition to the potential penalties to a corporation, LLC, or partnership for unpaid taxes that we reviewed in our previous blog, there is also the potential for personal liability. Today, we...