News Feed »

Accounting Today: Tax Fraud Blotter: 335 Out of 340  |  International Tax Review: PwC UK appoints new insurance tax market leader  |  Accounting Today: IRS Revises Procedures for Change in Accounting for Money Market Gains and Losses  |  International Tax Review: Survey: Brexit readiness barometer  |  International Tax Review: Tax practitioners warned of increasing data theft  |  Accounting Today: Art of Accounting: More on CPAs Who Leave Public Accounting  |  International Tax Review: Three new tax partners at Mattos Filho  |  International Tax Review: European Parliament names Panama Papers Committee chair  |  

Trust Fund Recovery Penalty IRC §6672 (MLT871C)

  Live Webinar
  120 minutes
  1:00 pm ET | 12:00 pm CT | 11:00 am MT | 10:00 am PT
Multiple Participants?
Call 1-800-223-8720
for a group pricing

Trust Fund Recovery Penalty: Defending Your Clients in IRS Enforcement Actions

When a company or organization fails to pay collected or withheld taxes, the IRS may impose a trust fund recovery penalty (TFRP), which requires the employer to hold the employee’s money in trust until a federal tax deposit can be made. When the IRS can’t immediately collect the unpaid trust fund taxes from the company, the TRFP can be assessed against those at the company who are responsible for withholding income and employment taxes, according to the IRS. Employees or officers who direct the collecting, accounting and payment of trust fund taxes are personally vulnerable to TFRP enforcement and fines by the IRS. 

During this session, tax attorney Robert E. McKenzie will cover the rules for assertion of the TFRP and the tax or legal professional’s role in defending a person who is potentially liable. Learn how to help your clients properly collect, account for and pay income and employment taxes to the IRS on time, and how to keep them out of hot water should a mistake lead to IRS enforcement of the TFRP.

Session Highlights

NASBA & IRS Category of Study: Taxes

Level: Basic

Who Should Attend

Order Form
Qty:
 
*Single User Price. For multiple users please call 1-800-223-8720
You can also order through
Faculty

Robert E. McKenzie is a Partner of the law firm of Arnstein & Lehr LLP of Chicago, Illinois, concentrating his practice in representation before the Internal Revenue Service and state tax agencies. He has lectured extensively on the subject of tax representation. He has presented courses before ... More info

 
Disclaimer: The content herein does not represent any association between IRS and Eli Financial LLC. IRS neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.


We Also Recommend