Herdman & Sakellarides
Attorneys at Law

Trust Fund Recovery Penalties

Herdman & Sakellarides, P.A.

Failing to timely pay over payroll taxes can result in significant penalties and interest.  The IRS is particularly aggressive in pursuing businesses for unpaid payroll taxes and may attempt to pursue the business owner personally.  This is done by assessing the “Trust Fund Recovery Penalty” against a responsible party.  Simply shutting down the business will not cause the tax debt to go away.

Getting an experienced IRS tax lawyer on your side is extremely important.  Not only will the IRS attempt to assert the penalty against the owners of the business, but will also look to its accountants, bookkeepers, clerical staff and anyone who signed checks or had the authority to sign checks on behalf of the business.

For a prompt evaluation of your case, we encourage you to contact us using our toll-free number at (866) 437-3725.