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Fundamentals of the IRS Trust Fund Recovery Penalty (TFRP)

FUNDAMENTALS OF THE IRS TRUST FUND RECOVERY PENALTY (TFRP)

Cost Free
Presentation Length 1.0 hour

Recorded DateJuly 19, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

The Trust Fund Recovery Penalty (TFRP) allows the IRS to hold most business owners or officers personally responsible for portions of unpaid payroll taxes. This introductory course will review requirements for assessing the TFRP, how to calculate the TFRP, defenses to the TFRP, and strategies for resolving TFRP debt.  

Learning Objectives:


  • List the requirements of the TFRP and who is a “responsible” person in the eyes of the IRS

  • Calculate TFRP balances and determine whether the assessment date is still valid

  • Give examples of knowledge of defenses to the assessment of the TFRP and strategies in resolving the resulting debt

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Taxmentor

Catharine is a skilled attorney with diverse experiences in managing client relationships and employees. Since 2012, she has successfully helped clients and employees navigate the complex and bureaucratic rules of the Internal Revenue Service.

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Taxmentor

Roger is considered the foremost authority on all things involving e-services and IRS transcripts since pioneering the IRS transcript analysis industry a decade ago launching Tax Help Software. Roger is a national speaker on tax industry best practices and consults with some of the largest tax software companies, accounting firms, tax resolution firms, and the IRS.

About Our Presenter

Taxmentor
From the makers of Tax Help Software comes the next GAMECHANGER for the Tax Industry. Created by tax pros for tax pros, Tax Mentor is your go-to resource for practical and principled tax resolution training.

So many tax professionals struggle to make a profit in the tax resolution space that they often give up, possibly losing long-term tax clients in the process. Tax Mentor’s revolutionary custom consultation report allows tax pros of all levels to benefit from the decades of experience at Tax Mentor.