Stand Up to the IRS Blog

Do Not Skip Your Current Tax Payment(s) to make a payment toward the back-tax.
This is especially important if your business owes Payroll Tax.

Do you have an IRS Trust Fund tax liability? Protect your income tax refund.

For a business with employees, tax compliance starts with Federal Tax Deposits.

The Incredible Hulk, IRS Payroll Tax Collection and a Business Owner's Exposure to the Tax Debt.

M&M Financial can help you resolve your Trust Fund assessment. This is one of our specialties. Here's some information on the Trust Fund and how M&M can benefit you.

What is the ASED? And, how does it affect me personally when my business owes IRS Payroll Tax?

If you're a business owner with a payroll tax debt, you're probably wondering whether the IRS will accept a settlement. The answer for employment tax debts is often “NO”. Find out why.

Owe 941 employment taxes to the IRS? If the answer is yes, the IRS will be looking at you personally as a collection source. The Service will look at anyone they believe may be a Responsible Person of the delinquent business.

Have you filed your W2/W3 forms completely and correctly each year with the Social Security Administration (SSA)? If you haven't filed your W2/W3 forms, your business may be looking at a hefty Civil Penalty.

When a business owes a significant payroll tax debt to the IRS and can't pay it back in a lump sum full payment, the IRS looks to assess the Trust Fund Recovery Penalty portion of the debt to the Responsible Individuals that operate the business.

Do you have a Trust Fund meeting scheduled with your Revenue Officer? Here's a quick tip to help.

A common surprise for our small business clients is that we ask them to provide us with personal financial information to resolve their business tax debt. Naturally, this creates apprehension.