Category Archives: penalties

What Is the Trust Fund Recovery Penalty (TFRP)?

If your business has employees, you’re responsible for withholding and sending their payroll taxes to [...]

Can the IRS Really Put You in Jail for Back Taxes?

When people find themselves owing back taxes, one of the first fears is: “Can the [...]

Penalty Abatement: How to Reduce or Remove IRS Penalties

One of the most frustrating parts of owing back taxes isn’t just the debt itself, [...]