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If taxpayers Monica, Traci , and Phillip are responsible persons in the failure to withhold and...

If taxpayers Monica, Traci , and Phillip are responsible persons in the failure to withhold and pay over employment taxes but only Monica and Traci acted willfully which of the following statements is correct? A the IRs may assess the trust fund recovery penalty against Monica , Traci and Phillip, but can only collect it from Monica and Traci b. The IRS can only asses and collect a trust fund recovery penalty from Phillip c. The IRS cannot assess a trust find recovery penalty against Phillip d. the IRS may asses a trust fund recovery penalty against Monica , Traci, and Phillip

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The tax IRs may assess a trust recovery penalty against monica, traci, and phillip, but can only collect it from monica and trici.

The employer need to withhold taxes from its employees wages and pay them to IRS. Withheld taxes are been said as trust fund taxes. When these taxes are not paid by the employer intenstionally or not to get paid the taxes IRs checks for the responsible person and willful person and upon all IRs may assess for thr trust fund recovery. IRs may ask for to pay the penality by any of the responsible persons.

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