“Responsible person” (e.g., business owners) who willfully failed to deposit trust fund taxes (amounts withheld from employees’ paychecks) have until July 15, 2020, to appeal a proposed trust fund recovery penalty. The SB/SE Division of the IRS told its field collection employees how to handle pending cases. They should hold off on quick assessments until July 21, 2020.
Alert: Follow coronavirus-related federal tax changes for your business through the IRS.
