Jay Freeborne

by Jay Freeborne, Enrolled Agent

The obvious answer is YES, but how are they assessed? And how often do they carry over to the actual taxpayer?

If you are a corporation and ring up a 941 debt, the only way the debt will carry to you personally is if the IRS assesses the "trust fund" portion against you (this is about 55% of the 941 debt). We find that this ONLY occurs when a Revenue Officer is assigned to your case. If there is no one assigned to you, maybe that's your opportunity to close out your E.I.N# before a Rev. Officer is assigned?!

IF you are a sole proprietor and ring up a 941 debt, the only way the debt will carry to you personally is if the IRS places it against your Social Security #. We don't know the actual method of how they do the assessment in sole prop cases, but we know that a "live IRS body" has to make the assessment - and attach against your SSN. It is pretty uncommon, however, in our experience that someone does NOT get 941s in a sole prop case assessed against them personally. But if you are NOT in collections, and NO Rev. Officer is assigned, there is a chance that you may not!

Learn more about 941 issues in other areas of the blog: 941 delinquency primer -- almost everything you need to know

For 30 years, WATAX has been solving every kind of tax problem. Call us at 1-888-282-4697 or email us a description of your tax issue and we'll contact you.

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