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Home / Opinion Digests / IRS Can Keep ‘Trust’ Payroll Taxes (access required)

IRS Can Keep ‘Trust’ Payroll Taxes (access required)

A payroll company that fraudulently diverted funds for its clients’ payroll taxes to accounts used for operating and personal expenses, and that paid $28 million in back payroll taxes to the IRS prior to filing for bankruptcy, held those funds in trust and the bankruptcy estate cannot claim the $28 million under 11 U.S.C. § ...

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