Unfiled Payroll Tax Returns and the Trust Fund Recovery Penalty
Unfiled payroll tax returns are one of the more serious tax problems a business can have, and they deserve a clear head rather than panic. The reason payroll taxes carry higher stakes than most other tax debts is that part of the money involved is considered held in trust for employees, and the IRS can pursue the people responsible for it personally. That said, this is a well understood problem with a well understood path out, and getting ahead of it early is what keeps it manageable. This article explains what happens with unfiled Form 941 returns, how the Trust Fund...
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