Payroll tax issues are among the most serious tax problems a business can face. We provide expert guidance and representation to resolve trust fund recovery penalties and get your business back on track.
The IRS considers payroll tax violations among the most serious tax offenses because these taxes are held in trust for employees. When a business fails to deposit payroll taxes, the IRS can assess a Trust Fund Recovery Penalty (TFRP) against the responsible individuals personally, not just the business.
This means business owners, officers, and even bookkeepers can be held personally liable for the unpaid employment taxes. The penalties are steep, and the IRS pursues these cases aggressively.
Our team works with businesses facing payroll tax problems to immediately get current on all payroll tax deposits, negotiate payment arrangements for past-due balances, challenge improper Trust Fund Recovery Penalty assessments, and implement systems to prevent future payroll tax issues.
We built Infinity Accounting Solutions around a simple belief: business owners deserve expert accounting support without feeling like just another client number. By combining modern technology with old-school relationship building, we provide the personalized service, accessibility, and trusted guidance that businesses need to grow with confidence.
We bring the technical knowledge of larger firms together with the personalized attention of a boutique practice.
Relationships come first. We believe accounting is about more than just numbers. We build long-term relationships based on trust, communication, and a genuine understanding of your business.
Whether you need bookkeeping, controllership support, or tax guidance, we're here to help you make informed decisions, not just deliver reports.
Enjoy the convenience of a virtual firm powered by best-in-class technology, paired with the real human attention, responsiveness, and personal service you deserve.
The TFRP equals 100% of the unpaid trust fund taxes (the employee portion of Social Security, Medicare, and withheld income tax). It can be assessed against any person the IRS considers responsible for collecting and paying these taxes.
Yes. The IRS can assess the Trust Fund Recovery Penalty against any "responsible person" which may include business owners, officers, directors, or even employees with authority over financial decisions.
Contact us immediately. The most important step is getting current on deposits going forward. We then work on resolving the past-due balance and any penalties.
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