payroll tax: Minneapolis: Trust Fund Repayment Penalty - Am I Responsible? - 06/03/21 11:12 AM
The Trust Fund Repayment Penalty is a penalty that makes an individual personally responsible for the tax debt of a business.  Maybe a Revenue Officer has interviewed you or asked you to fill out a form.  But, shortly afterwards you receive IRS Letter 1153.  This is notice that the IRS considers you responsible for making sure that the business pays the tax.  Since the business didn't, you are on the hook for the whole balance.  But is the IRS wrong?  Are you responsible?
 
I am a tax attorney in Minneapolis, Minnesota.  I represent taxpayers before the IRS and state tax authorities.  I … (0 comments)

payroll tax: Minneapolis: Who Can Be Personally Responsible For Back Payroll Taxes? - 06/03/21 10:23 AM
Businesses are having a tough time.  Even before COVID, many businesses failed each year.  Many of then were undercapitalized from the time they started.  So, it isn't hard to believe that businesses can fall behind on their payroll taxes.  It can be tempting to not pay the payroll taxes so that you can keep the lights on.  This kind of business tax debt can become your personal tax debt.
 
I am a tax attorney in Minneapolis, Minnesota.  I represent taxpayers before the IRS and state tax authorities.  I handle tax debts, audit defense, payroll tax issues, and criminal tax matters.  Money that … (0 comments)

payroll tax: Minneapolis, MN: Am I Personally Responsible For Unpaid Payroll Tax? - 06/02/21 12:17 PM
Businesses sometimes fall behind on payroll tax deposits.  The IRS assesses tax penalties on the business like the Failure to Deposit Penalty and the Failure to File Penalty.  But are you personally responsible for the tax debt of the business?  There is a special penalty that can make this debt your personal responsibility.
 
I am a tax attorney in Minneapolis, Minnesota.  I represent taxpayers before the IRS and state tax authorities.  I handle tax debt, audit defense, payroll tax issues, and criminal tax matters.  The IRS is authorized to assess a penalty against some individuals when payroll taxes are not paid.  This … (0 comments)

payroll tax: Minneapolis, MN: What Happens If A Business Doesn't Pay Payroll Tax? - 06/01/21 08:51 PM
The global pandemic hit a lot of businesses hard.  Plenty of them struggled to stay alive and open.  Some even closed their doors.  There are many businesses that collected income tax, FICA, and medicare from their employees, but couldn't pay it to the government.  Whether the business closed or not, there can be consequences to this. 
 
Maybe you thought that you would catch up next quarter.  You had hopes that the lockdowns would end and the economy would bounce back.  Maybe you caught up.  Many didn't catch up.  For many businesses, both open and closed, more than one quarter went unpaid.  Sooner … (0 comments)

 
Michael Redden (Redden Law)

Michael Redden

Minneapolis, MN

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