The news from the IRS just keeps getting worse. You may be tempted to ignore it and go on with the complicated task of running a successful business. However, if the IRS has told you that you owe a trust fund recovery penalty, it is important not to ignore this bit of bad news. Instead, take proactive steps to protect your business and possibly your personal assets.
Call a Tulsa Tax Lawyer First
Once the IRS penalty has been assessed, you are likely going to have to show why you shouldn’t have to pay it. For example, you might show that the penalty was inappropriately assessed by proving that:
- You were not required to account for, collect, or pay the taxes held in trust.
- You did not act willfully in failing to account for, collect, or pay the taxes in trust.
- The taxes were actually paid in full and on time.
Alternatively, you and your Tulsa tax attorney may prove that there is another reason why the penalty should not be legally assessed against you.
Start Protecting Your Rights Today
If you choose to do nothing after being notified of a trust fund recovery penalty, then the IRS is going to assume that you will pay the penalty—and the failure to do so could have dire consequences. Instead of subjecting yourself to such problems, it is important to get the help that you need by contacting an Oklahoma tax lawyer for help. Our experienced attorneys welcome your inquiry via this website or by calling 800-721-7054 to schedule a free consultation. We also invite you to learn more about your rights by reading our FREE book, The Ultimate Survival Guide for IRS Problems.