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verification. (May 2024) |
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Taxation in the United States |
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In the United States, the term trust fund recovery penalty refers to a tax penalty assessed against the directors or officers of a business entity which failed to pay a required tax on behalf of its employees. [1] Common violations can come in the form of not paying Medicare and Social Security deductions. [2]
This article needs additional citations for
verification. (May 2024) |
This article is part of a series on |
Taxation in the United States |
---|
![]() |
![]() |
In the United States, the term trust fund recovery penalty refers to a tax penalty assessed against the directors or officers of a business entity which failed to pay a required tax on behalf of its employees. [1] Common violations can come in the form of not paying Medicare and Social Security deductions. [2]