Corporate Officer Liability and Trust Fund Recovery Penalty Cases

As a result of the decades of prior government experience members of our firm possess, including employment in the IRS Audit Division, as well as IRS Counsel’s Office, Andreozzi Bluestein LLP is extremely well versed in how to best deal with an IRS audit.

Corporate Officer Liability and Trust Fund Recovery Penalty Cases

As a result of the decades of prior government experience members of our firm possess, including employment in the IRS Audit Division, as well as IRS Counsel’s Office, Andreozzi Bluestein LLP is extremely well versed in how to best deal with an IRS audit.

A corporation has many of the same legal rights and obligations as do individuals. One advantage of incorporating is that it is an entity that is separate and distinct from the individuals who own and control it. In most cases, these individual owners have limited or no legal exposure for the corporation’s liabilities.

However, this is not true when a corporation owes certain types of taxes to the federal and state taxing authorities.  If a corporation owes “trust fund taxes” which are taxes that are required to be collected on behalf of the government, such as payroll taxes or sales tax, corporate officers and others in positions of authority face personal exposure.  If you are an owner, officer or responsible person for a corporation that owes trust fund taxes to the IRS or New York State, call the attorneys at Andreozzi Bluestein LLP.

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