Filter by Topic
- Audits
- Back Taxes or Tax Debt
- CPA
- Employment Taxes
- FATCA
- FBAR
- FIRPTA
- Gambling Tax
- IRS
- IRS Updates
- IRS payment Plan
- Inaccurate Tax Return
- International Tax Law
- Maryland Tax Connect
- Maryland taxes
- News
- Offshore Taxes
- Payroll Taxes
- Sales Tax
- School Sales Tax Holiday
- Tax Crimes
- Tax Law
- Tax Liens
- Tax Mistakes
- VCSP
- accountant
- business tax law
- corporate taxes
- cryptocurrency
- cybersecurity
- digital advertising tax
- employee classification
- employment tax compliance
- estate tax
- executor liability
- federal priority statute
- fiduciary liability
- foreign gifts
- foreign investments
- high income
- innocent spouse relief
- installment agreement
- offshore accounts
- online poker taxes
- penalties
- personal liability
- probate
- retirement assets
- tax attorney
- tax avoidance
Can the IRS Take Your Retirement Savings to Pay a Tax Debt?
When taxpayers can't pay what they owe in full, installment agreements offer a path forward. But the IRS controls the math, and its definition of what you can "afford" may look very different from yours. A recent Tax Court case confirmed that retirement accounts aren't automatically off-limits, and expenses many taxpayers consider essential may not meet the IRS standard.
Trust Fund Recovery Penalty (TFRP): What It Is, Who It Targets, and How to Respond
When a business fails to remit employment taxes, the IRS doesn't stop at the company. The Trust Fund Recovery Penalty allows the government to assess 100% of unpaid withholding taxes against individual officers, managers, and anyone with authority over the company's finances. The standard for proving liability is lower than most people expect, and the penalty survives bankruptcy.
Personal Liability for Unpaid Corporate Taxes: Can the IRS Come After You?
Closing a business doesn't make its tax debt disappear. When a corporation fails to pay withholding or payroll taxes, the IRS can pursue the individuals responsible for those payments, including officers, directors, and anyone with authority over the company's finances. Understanding how personal liability works is the first step toward protecting yourself.