Who is a “responsible person?”

A responsible person is any person who is required on behalf of an employer to collect, account for and pay over the “trust fund taxes” to the government who willfully fails to do so.  Responsible persons are jointly and severally liable for the 100-percent penalty although the government as a matter of public policy does not collect more than 100-percent of the unpaid trust fund taxes.  Officers, directors or partners as well as certain types of employees can be personally liable as responsible persons.

Posted in: Taxation Information