[Steely Tom]

When I took over my company on the death of its founder, this was one of the things I remember our attorney warning me about in no uncertain terms. He said it was called a "trust fund violation," and that it would result in immediate and extreme legal consequences from the IRS.

I guess you get a pass if you're a political party.

Or, at least, if you're one particular political party.

(steely)

[sitetest]

Dear Steely Tom,

Yes. If a company messes with the withheld taxes, the IRS determines what individual within the company is responsible, and personal criminal and civil liability attach to that person(s). Even the bankruptcy of the firm, or even the personal bankruptcy of the responsible individual(s) doesn't void the financial liability.

Taking proper care of the trust funds is quite vital.

We'll have to see how the folks here are treated. So far, one might get the idea that dammocraps are being held above the law.


sitetest