IRM Interim Guidance: Payroll Tax Deferral Impact to Collection of Trust Fund Recovery Penalty (IRC §6672)

Revision to Internal Revenue Manual 5.7.3, 5.7.4, 5.7.6 that would implement a temporary deviation to provide guidance to Field Collection employees working Trust Fund Recovery Penalty (TFRP) cases impacted by the CARES Act and Notice 2020-65, as modified by Notice 2021-11, the IRS released Apr. 1. Effective Feb. 24, 2022, the IRS will postpone assessment of the TFRP on affected 2020 and 2021 employment tax periods until after Jan. 3, 2023, on an affected tax period and on any tax period in which the employer was eligible to defer the employer portion of social security tax under §2302 of the ...