Avoid Being Held Personally Liable and Losing Your Assets
One of the more severe IRS penalties is that a business owner—or any financial decision maker related to the business—can be deemed personally liable for a corporation’s federal withholding—or “trust”—taxes not being paid to the IRS. Specifically, this means that anyone who can sign a check or submit a tax payment, including shareholders, partnership members, employees, your accountant or other personnel, can have their wages, bank accounts and assets seized by the IRS.
Considering the level of damage this can inflict on a person’s life, this is an extremely serious situation. What works in one’s favor is that the IRS’ assessment process in Trust Fund Recovery Penalty cases takes some time, giving you the chance to hire an accomplished CPA firm like Schneider to perform our own analysis and investigation of your case and make strides on your behalf. Do not delay one minute longer. Get in touch so we can help you out.
Our team of experts starts with a rigorous analysis of your case, considering financial and legal implications. We then develop a strategy that connects to the specifics of your case, accounting for strengths and opportunities. We assist in taking back control of your tax issues, letting you regain your confidence and focus on a brighter future.
To start with, we work directly with the IRS as your representative, so you’ll never have to interact with or hear from them again; this is your right as a taxpayer. Having helped hundreds of business owners put their tax issues behind them through our intimate knowledge of the IRS, we know how to best present your case and lead everyone together toward successful resolution.