TRUST FUND LIABILITY

Economic downturns have caused the managers of small businesses on the verge of closing to try to stay in business a little longer by not paying employment tax and instead using the money to try to survive. If the business ultimately closes, the IRS seeks to impose approximately 40% of the business tax debt on the manager, the business owner and any other person with check signing authority. At times IRS attempts to impose liability on passive investors in a failed business as well as spouses and children of the owner, etc. It is essential that a person facing Trust Fund liability hire an experienced attorney if he is to have any hope of overcoming this liability. The Weinberg Law Firm has a long track record of contesting trust fund liability and getting favorable results.