Compass Tax Educators

Businesses that fail to remit certain payroll taxes to the IRS have unique issues. This webinar will cover the concepts and issues related to the components, investigation, and assessment of the trust fund recovery penalty (TFRP) by the IRS, including possible defenses against its assertion. It will also review other possible income tax consequences for responsible parties diverting taxes.

Learning Objectives

• Explain what a trust fund tax is and is not.
• Determine the period of time the IRS has to assess the TFRP.
• Identify the main components of the TFRP calculation.
• Explain which parties may be liable for the TFRP based on responsibility and willfulness.

Education Information
IRS Program Number: NMVBP-T-00326-26-S
Credit hours: 2 NASBA CPE / 2 IRS CE
Prerequisite: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: QAS Self-Study (NASBA); On-Demand (IRS)
Field of Study: Taxes (NASBA); Federal Tax Topics/Federal Tax Related Matters (IRS)

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Course expires one year after purchase.

Instructor: Clarice Landreth, EA Learn more about our instructors here.

All continuing education credit is provided through Gregory & Associates, Inc. doing business as Compass Tax Educators. Click here for more information regarding our refund, education and complaint policies.