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Jim Flauaus

Payroll Taxes: Who’s Responsible?

August 16, 2023 by Jim Flauaus

Payroll Tax: Who's Responsible?

The IRS may levy a penalty, known as the trust fund recovery penalty, on individuals classified as “responsible persons.” The penalty is equal to 100% of the unpaid federal income and FICA taxes withheld from employees’ pay. What this means to you…. You become personally liable for the payroll tax debt. It becomes a part […]

Filed Under: Tax Problem Resolution Tagged With: tax debt

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