Bernard S wrote:

- quote -

Or multiple fed counts, but that's still rather extreme, and
hardly the normal IRS disposition of such matters. In all
my years of IRS exp, I honestly never met anybody as
effective and "customer service" friendly as the average
prosecutor from our local U. S. Attorney's office. Martha
Stewart recently learned that one! But in everyday gubment
business like routine, late 941 taxes, a local "AUSA" will
properly demand quality of proof in a "7202 evasion" case to
be laid before a jury of peers.

So more practically, one or more of the officers/directors
was responsible to pay over the 941 taxes, so mutually now
do so, or else IRS will determine individual liability on
its own for delinquent taxes under the "100% penalty"
provision of the Code.

Fred F.

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Bernard S wrote:
- quote -

Rephrased, then. Borrow from Peter to pay Paul.

ChEAr$,
Harlan

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

"Harlan Lunsford" <hnslunsford[at]bellsouth.net> wrote:
- quote -

They were Trust funds, therfor there is already one count of
theft or stealing. Try only begging or borrowing

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yahoo[at]rejuvenating.com wrote:

- quote -

Beg, borrow or steal the funds now and pay up. Once you
come to IRS attention and an agent has the case and even
THINkS about trust fund penalties, you're probably sunk.

ChEAr$,
Harlan Lunsford, EA n LA

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Our PC has 3-4 years of late 941 filings and a large Trust
Fund debt with penalties.

Does the IRS have the right to use (attach, seize, levy etc)
SEP-IRA (pension) funds to pay off this debt assuming
virtually no other assets, corporate or personal?

What is the most successful strategy to acheive penalty
abatement?

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >