The IRS is apparently so happy with the results of it’s offshore voluntary disclosure program that it has established a similar program in the area of worker classification. Michael Cohn of AccountingToday writes that the IRS has introduced a new voluntary compliance program Wednesday to convince employers to resolve their past issues with classifying employees [...]
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22 Sep 2011 / Blog Posts, Payroll Taxes, Penalties, Worker Classification
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08 Jan 2011 / Payroll Taxes
One of the worst tax violations is the failure of an employer to remit payroll taxes it has withheld from its employees’ pay. Despite its gravity, it is also one of the most frequent tax problems we encounter. Payroll Tax Delinquencies are Treated Harshly The IRS is required by law to give employees the benefit [...]
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Tags: 100% penalty, responsible person, tax crimes, tax deposits, trust fund, trust fund penalty
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12 Jan 2009 / Payroll Taxes
One of most frequent problems we see is the small business that is several quarters behind in paying its payroll taxes. There are many contributing factors to this, but usually we find that the business has had difficulty paying its landlord, suppliers and vendors and, to avoid an eviction or lawsuit, it makes the fateful [...]
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