Will the IRS let me set up a payment agreement on my overdue employment taxes?

If you are still in business, IRS will consider setting up a payment agreement for employment tax if certain conditions are met. We can help you decide if a payment agreement is an option for you.

Since my business is incorporated, I thought I was protected from unpaid corporate debts. How can the IRS come after me for unpaid taxes?

Unpaid employment taxes are “trust fund” debts. As such, IRS can assess a Trust Fund Recovery Penalty against all individuals whom IRS determines to have been responsible for submitting the tax payments. That’s why it is so important to settle overdue employment tax balances as soon as possible.