IRS Accepts Release of Responsible Party in Tacoma, WA
IRS Release of Responsible Party – 01-03-2018
Taxpayer Situation: The taxpayer was the business manager for a company. The taxpayer was not responsible for hiring and firing employees. The business owner excluded her from paying the business bills even though she had access to the accounting. The business had 1.4 million in outstanding payroll tax liabilities, and the IRS was trying to determine all “Responsible People” to assess the Trust Fund Recovery Penalty for $700,000. In a situation like this, the IRS will assess each individual they determine to be a “Responsible Person” with the Trust Fund Recovery Penalty.
Resolution Outcome: Legacy Tax & Resolution Services successfully negotiated an Internal Revenue Service release of “Responsible Party” for a client in Tacoma, WA. Legacy Tax & Resolution Services, through an analysis of the taxpayer’s employment, nature of responsibilities, that the taxpayer was not a “Responsible Person,” and the IRS released the $700,000 trust fund assessment against her.
Total Savings: $700,000
If you need help negotiating with the IRS or State, don’t hesitate to contact Legacy Tax & Resolution services at (855) 829-5877.