Trust Fund Recovery Penalty

Trust Fund Recovery Penalty

A Trust Fund Recovery Penalty (hereafter “TFRP”) is a collection mechanism utilized by the Internal Revenue Service to assess and collect taxes which arise when a business collects payroll taxes from its employees but then fails to pay those funds over to the United...
Trust Fund Recovery Penalty

Tax Whistleblowing

In 2006, Congress enacted a new tax whistleblower law, known as the False Claims Act. This new tax fraud law provides significant compensation to individuals who furnish the IRS with information about tax fraud or tax evasion. If you are ready to take the next step...
Trust Fund Recovery Penalty

Tax-Exempt Organizations

Not-for-Profit Organizations, or 501(c)(3) organizations, are tax-exempt businesses that serve the community. There are 28 types of nonprofit organizations that qualify as a tax-exempt organization from various federal income taxes. Navigating through the intricacies...
Trust Fund Recovery Penalty

State and Local Tax

Individuals and business alike have the same consideration when doing taxes; to mitigate the impact of SALT (State and local tax). Businesses should run efficiently. While most business owners are concerned about internal financial matters, a lot of waste can arise...
Trust Fund Recovery Penalty

Tax Fraud & Evasion

Any criminal charge is a serious matter and requires the attention of an experienced lawyer. In particular, if you have been charged with a criminal tax offense, you need an attorney who not only understands the criminal defense process but the intricacies of the tax...