New York Trust Fund Liability
The Internal Revenue Service (IRS) can impose personal liability on officers of businesses who fail to collect sales and payroll taxes. Called trust fund liability, this is when officers, or others having responsibility for the payment of payroll taxes, fail to pay over payroll taxes to the IRS or payroll and/or sales taxes to state taxing authorities.
At The Law Offices of Hugh Janow, we represent officers and business people who are in trouble with the IRS for failing to pay sales and payroll taxes. With an office located in Pearl River, our firm finds solutions for clients throughout New York, New Jersey and Connecticut area. Contact us to schedule an appointment with an attorney who will help you deal with trust fund liability.
When your business is not complying with payroll or sales tax obligations, the IRS and/or state taxing authorities will go after anyone they can to collect unpaid taxes. This includes officers, members of the board of directors, shareholders, and people with signatory authority on a company's checking account. Do not make the mistake of not paying sales and payroll taxes when business profits decline.
The government will attempt to work with your business to settle unpaid sales and payroll tax obligations before engaging in more adversarial tactics. The government will go after officers personally if a business is unable to pay the tax liability.
We will represent you in tax collection proceedings by the government when you face personal liability for unpaid business payroll and sales tax. Some of the strategies we implement include:
- Arguing that an officer is not a person who willfully failed to collect or pay over taxes
- Arranging an installment agreement or offer in compromise
- Directing the government toward responsible parties
- Representing an officer during tax litigation
Contact us at The Law Offices of Hugh Janow to schedule an appointment with a lawyer concerning trust fund liability. We represent people throughout New York, including clients in Nyack, Pearl River, Suffern, and Rockland.
