How does the IRS come after me individually for Corporate Tax Issues?

Question

Patrick Sheehan · Accepted Answer

When a corporation has certain unpaid federal taxes, the IRS attempts to collect Trust Fund tax, non-Trust Fund tax, penalties and interest from the corporation. If the corporation can’t pay the unpaid taxes or in a timely manner, the IRS can use the Trust Fund Recovery Penalty against the owners, officers, directors, shareholders or other responsible individuals.

Learn more about trust fund recovery penalty