Robert NathJan 27, 20222 minTrust Fund Recovery PenaltyWhat is the “trust fund recovery penalty?” It’s not a true penalty but only a substitute for part of the payroll taxes that an employer...
Robert NathJan 27, 20222 minStatute of LimitationsWhat is the “statute of limitations” on collecting taxes? Normally, it’s ten years from date of assessment. “Assessment” generally means...
Robert NathJan 27, 20221 minNon-Filing of Tax ReturnsWhat are the penalties for not filing a federal income tax return? The criminal penalty is a misdemeanor punishable by a maximum of one...
Robert NathJan 27, 20222 minAudits and AppealsHow does the audit and appeal system work? It starts (generally) with the tax return you filed. If the IRS selects that return for...