personal liability and payroll tax debt: Richardson TX - Personal Liability for Business Payroll Tax Debts
- 05/28/19 08:22 AM
Payroll Tax Debt can become a nightmare for a taxpayer who gets behind. In addition to the potential penalties to a corporation, LLC, or partnership for unpaid taxes, there is also the potential for personal liability. Today, we will cover Payroll Taxes and personal liability. When taxpayer’s come into our Richardson TX office with Payroll tax debt, one of our priorities is to minimize their potential personal exposure.
Remember, from our previous article that there are two Sides of Payroll Withholdings - Trust Funds – the fiduciary portion withheld from the employee’s pay and includes Federal Income Tax withheld as well … (1 comments)
Payroll Tax Debt can become a nightmare for a taxpayer who gets behind. In addition to the potential penalties to a corporation, LLC, or partnership for unpaid taxes, there is also the potential for personal liability. Today, we will cover Payroll Taxes and personal liability. When taxpayer’s come into our Richardson TX office with Payroll tax debt, one of our priorities is to minimize their potential personal exposure. 
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