Trust Fund Penalty Relief Steps

1. Gather All Relevant Information
Whenever we have a new client come in with concerns about trust fund penalties, our first step is always the same. We want to gather all relevant information so we have enough facts about your duties and other parties’ duties in order to prove that someone other than you should be held responsible for the issues related to this case. We start with this strategy first for the obvious reason of not wanting you to be held responsible for someone else’s errors.


2. Collect Signatures

The next step we will take at Sandra King’s Financial Services is collecting signatures from other employees that will help to paint the picture of what your duties are, what their duties are, and any problems that arose during the time the trust fund taxes were not paid. Our goal is to build a complete picture, describing the circumstances that surrounded the trust fund tax evasion. The more information we can collect, the more thoroughly we will be able to represent and defend you a a Revenue Officer.

3. Monitor the Statute of Limitations

Most commonly, the TFRP must be evaluated within 3 years of the date your form 941 or 944 was filed. The good news here is, if you are past the statute of limitations, the penalty cannot be assessed against you. The problem that catches many people however is if the form was never filed, or if the form was filed with incorrect information, there is no statute of limitation, meaning you can be hit with the penalty at any time, forcing you to explore other options.


The best advice is to not delay or put off dealing with your problem any longer. Reach out to Sandra King’s Financial Service’s today to explore your options and put this problem behind you.

Sandra King Enrolled Agent

Sandra King is an enrolled agent, empowered by The United States Treasury to prepare your personal or business tax filing. While her services are offered nationwide, Sandra King locally serves the greater Dallas-Fort Worth area, including but not limited to Arlington, Bedford, Colleyville, Euless, Fort Worth, Grand Prairie, Hurst, Mansfield, North Richland Hills, and Richland Hills.



King Financial Services Inc