Taxes a company withholds from an employees paycheck, including Social Security and Medicare taxes and federal income (withholding) taxes. A trust fund recovery penalty can be assessed when a business doesn't pay these taxes to the Internal Revenue Service.
Category: Back Taxes & Tax Debt
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Personal Income Taxes
Category: Personal Finance & Retirement → Taxes → Tax Audits
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.