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Email | VA 757-863-4890 | NC 252-390-4690 

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MAKE A PAYMENT
  • PRACTICE AREAS
    • ESTATE PLANNING
    • ESTATE & TRUST ADMINISTRATION, PROBATE
    • LONG-TERM CARE & MEDICAID PLANNING
    • ASSET PROTECTION & WEALTH PRESERVATION
    • SPECIAL NEEDS PLANNING
    • HIGH & ULTRA HIGH NET WORTH ESTATE & TAX PLANNING
    • PET TRUST
    • CHARITABLE GIVING
    • BUSINESS SUCCESSION
    • TAX RESOLUTION & CONTROVERSY
    • GUN TRUST
  • ABOUT US
    • LETHA SGRITTA-MCDOWELL, CELA, CAP
    • GILBERT L. CAREY, JR., JD, CPA
    • AREAS WE SERVE
      • VIRGINIA BEACH
      • CHESAPEAKE
      • NORFOLK
      • ELIZABETH CITY
  • KNOWLEDGE + RESOURCES
    • FAQ’s
    • BLOG
  • CONTACT
    • LOCATIONS
  • MAKE A PAYMENT
The Trust Fund Recovery Penalty: When Your Business’s Payroll Taxes Become Your Personal Debt

The Trust Fund Recovery Penalty: When Your Business’s Payroll Taxes Become Your Personal Debt

by Gil | Sep 29, 2026 | IRS Compliance, tax resolution

What Is the Trust Fund Recovery Penalty (TFRP)? When a business runs payroll, it withholds federal income tax and the employee’s share of Social Security and Medicare taxes from each paycheck. The employer holds those amounts in trust until it pays them to the...
COVID-Era IRS Penalties and Interest May Be Refundable

COVID-Era IRS Penalties and Interest May Be Refundable

by Gil | Jun 5, 2026 | IRS Compliance, Taxes

If You Paid or Were Assessed Penalties or Interest by the IRS During the COVID-19 Pandemic, You May Be Due a Refund A Federal disaster declaration was in effect for the COVID-19 pandemic from January 20, 2020, through May 11, 2023. A recent court decision (Kwong v....
Dealing with a Deceased Individual’s Income Tax Issues

Dealing with a Deceased Individual’s Income Tax Issues

by Gil | Oct 15, 2025 | asset protection and wealth management, IRS Compliance, tax resolution, Taxes

If you’ve been named as the executor, personal representative, or administrator of a decedent’s estate, you have the responsibility of handling the decedent’s tax obligations. Failing to properly address a decedent’s federal and state income tax issues can result in...

Recent Posts

  • COVID-Era IRS Penalty Abatement | McDowell Law Group
  • IRS Bank Levy or Wage Levy: What to Do | McDowell Law Group
  • The Trust Fund Recovery Penalty: When Your Business’s Payroll Taxes Become Your Personal Debt
  • How to Scan Documents on Your Phone to PDF
  • What to Do If You’ve Been Named as a Trustee: 5 Things You Need to Know

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