Tax Navigation by PaperWerks
Trust Fund Recovery Penalty (TFRP): Who Can Be Held Personally Liable for Unpaid Payroll Taxes
by: John B Love IIIPublished on: 02/01/2026A practical overview of the IRS Trust Fund Recovery Penalty (TFRP), including who may be deemed a “responsible person,” how the IRS defines willfulness, what Form 4180 interviews involve, and why responding to Letter 1153 within 60 days is critical.
IRS Wage Levies: What Income Is Exempt (and How It’s Calculated)
by: John B Love IIIPublished on: 02/01/2026An IRS wage levy doesn’t always take your entire paycheck. This guide explains how the exempt amount is calculated, including pay periods, filing status, dependents, existing payroll deductions, child support exemptions, and what employers must do when they receive a levy notice.
New Deduction for Qualified Overtime Pay (2025–2028): What to Know
by: John B Love IIIPublished on: 02/01/2026Learn about the new deduction for qualified overtime pay available for 2025–2028, including limits, phaseouts, eligibility rules, and W-2/1099 reporting requirements.
New Deduction for Qualified Tips (2025–2028): What Tipped Workers Need to Know
by: John B Love IIIPublished on: 02/01/2026A plain-English breakdown of the new qualified tips deduction available for 2025–2028, including what counts as tips, reporting requirements, income limits, and who may not qualify.
