Employers are required to withhold Social Security, Medicare, and income taxes from wages paid to employees. The withholdings are credited to the employee’s Social Security, Medicare, and income tax accounts. If these taxes are not paid over to the IRS and the IRS is not able to secure payment from the employer or the business… Continue reading About the Trust Fund Recovery Penalty
The post About the Trust Fund Recovery Penalty appeared first on Austin Tax Attorney, Mitchell Tax Law.