Is it legal for the I.R.S.to hold tax payments in a trust for years until forcing a child care center to close charging penalties & intrust the whole time ?
Asked on 7/24/15, 2:16 am
1 Answer from Attorneys
Virginia Prihoda
Law Offices of Virginia Prihoda
The withheld portion of payroll taxes (withheld income tax and FICA and Medicare tax) is usually what is referred to as a trust fund tax. The vocabulary used in your question indicates a need to explore your issues in greater detail to determine exactly what you are being confronted with. If you want to call me, feel free to do so at 773-262-1712 so that I can see if I can possibly be of service to you.
Answered on 7/24/15, 1:01 pm
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