by Staff of the Firm | Mar 24, 2016 | Business Management, Uncategorized
In Schiffmann v. United States, on appeal, the court noted that Schiffmann, as CEO and president, had access to the company funds and signing power, and as a director and shareholder, was deeply involved in the day-to-day management of the company, making him a...
by Staff of the Firm | Mar 17, 2016 | Business Management, Uncategorized
In Schiffmann v. United States, the IRS, following notice and demand, made trust fund recovery penalty assessments against Schiffmann and Cummings, among others, alleging that, as of March 2014, Schiffmann owed close to $400,000 plus interest for nearly five full...
by Staff of the Firm | Mar 10, 2016 | Business Management, Uncategorized
As most employers (and employees) know, the Internal Revenue Service (IRS) requires employers to withhold federal income taxes from employees’ wages and to hold such taxes in trust for the government, often referred to as “trust fund taxes.”[1] If they are not paid...
