As published in the Winter Park/Maitland Observer, Thursday Jan. 3, 2012 Edition Offers... Read More »
Articles in category 'Payroll Taxes'
IRS Aggressively pursues business owners who fail to remit payroll taxes
As published in the Seminole Voice Newspaper, July 13-July 26, 2012 The IRS Aggressively Pursues Business Owners who Fail to Remit Payroll Taxes We have been helping business taxpayers with their IRS tax problems for a very long time. One of the worst tax violations we encounter is the failure of an employer to remit payroll…
Read Full Article Categorized in: Articles, Criminal Tax, Payroll TaxesAnother IRS Amnesty Program: The Voluntary Classification Settlement Program
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 as independent…
Read Full Article Categorized in: Announcements, IRS Audits, IRS Penalties, News, Payroll Taxes, Voluntary disclosureIRS Worker Classification Amnesty
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…
Read Full Article Categorized in: Blog Posts, Payroll Taxes, Penalties, Worker ClassificationThe Amish Can’t Electronically File Because the Amish Don’t Believe in Electronics, Amish Website Says
“Amish homes do not draw power from the electrical grid. They feel that that would excessively connect them to the world.” - Beliefs of the Amish, Religious Tolerance Website - By all accounts the Amish are a peace loving, amiable people. I have no quarrel with them or their austere lifestyle. But now it appears that…
Read Full Article Categorized in: International Taxation, News, Payroll TaxesWork Culture Shifting From Employees to Independent Contractors: Beware the IRS
The IRS prefers that workers be classified as employees subject to the payroll tax withholding laws rather than as independent contractors who are not subject to those laws. The reason for this is obvious: Employers of the former are conscripted by the government to serve as its collection agent. The IRS, therefore, is more likely to get paid…
Read Full Article Categorized in: IRS Audits, IRS Procedure, Payroll TaxesWhen You Don’t Make Your Payroll Tax Deposits
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…
Read Full Article Categorized in: Payroll TaxesIRS to Intensify Collection of Unpaid Payroll Taxes
According to WebCPA the Treasury Inspector General for Tax Administration (TIGTA) says that a larger percentage of IRS collection agents are not following the proper procedure in payroll tax cases: The collection of taxes through employment tax returns is a significant source of revenue for the federal government. As of Sept. 30, 2009, the total IRS…
Read Full Article Categorized in: Payroll Taxes, Tax CollectionsBrookings Institute: State and Federal Unemployment Taxes are Regressive so Let’s Raise Them
Two weeks ago in a roundtable talk sponsored by The National Academy of Social Insurance Gary Burtless of the Brookings Institute said the unemployment payroll tax is a scandalously regressive tax on workers. He’s right, except for one tiny problem: The unemployment tax is not a tax on workers at all. Burtless glosses over this critical fact in his diatribe against what he calls the unemployment…
Read Full Article Categorized in: Employer Issues, Payroll Taxes, State Taxes, Tax PolicyTIGTA Wants IRS to Crack Down on Worker Misclassification
WebCPA reports that the Treasury Inspector General for Tax Administration says that weaknesses in the IRS’s employment tax compliance program could cost the U.S. Treasury more than$130 million in Social Security and Medicare taxes over the next five years: The report… said the IRS should do more to protect against the improper use of employment tax forms…
Read Full Article Categorized in: Announcements, Employer Issues, Payroll TaxesW-2 and 1099 Pitfalls, Tips & Deadlines
The Sun-Herald.com reports that Greatland, one of the country’s leading providers of W-2 and 1099 products for business, has released its top W-2 and 1099 filing “pitfalls” to watch out for this tax season: Paper filing While many businesses are electing to e-file their W-2 and 1099 forms with the Social Security Administration (SSA) and /…
Read Full Article Categorized in: Employer Issues, Payroll Taxes, Tax TipsCongress Sneaks Middle-Class Tax Hikes into 2010 Withholding Tables
“Necessity is the mother of invention.” – Plato – Experience tells us that spendthrifts are often forced by necessity and desperation to find creative ways to fund their profligate spending. Some turn to gambling, others to confidence games and still others to outright theft. This phenomenon can be observed in governments as well as individuals. Here…
Read Full Article Categorized in: Legislative Watch, Payroll Taxes, Tax PolicyFedEx Drivers are Independent Contractors
WebCPA reports that the IRS has agreed that Federal Express drivers are independent contractors and not employees: The IRS has decided not to assess extra employment taxes for 2004 to 2006 on FedEx for the delivery drivers that the company considers to be independent contractors. The company said recently that the IRS had decided not to…
Read Full Article Categorized in: IRS Audits, Payroll TaxesJohn Kerry Responds, Says Tax Problems Due to IRS Glitch
Senator John Kerry’s press secretary, Whitney Smith, responded to my blog post titled IRS Files $800K Lien Against John Kerry for President Campaign in an email today. Here is Ms. Smith’s email in its entirety: Hi, Peter – saw your posting on the senator and wanted to clarify a few points. The IRS is missing…
Read Full Article Categorized in: Announcements, Payroll TaxesIRS Files $800K Lien Against John Kerry for President Campaign
The Washington Times reports that the IRS has filed a federal tax lien (PDF) against John Kerry’s 2004 campaign for failure to remit payroll taxes: The Internal Revenue Service has filed a tax lien seeking more than $800,000 from Sen. John Kerry’s 2004 presidential campaign, escalating a dispute over payroll taxes that the lawmaker’s office blames…
Read Full Article Categorized in: News, Payroll TaxesPayroll Tax Crimes: “Lovegod” gets 22 Years for Failure to Remit Payroll Taxes
What is it about God and taxes? First we had Kent Hovind, the creationist who said the IRS couldn’t force him to pay payroll taxes because he was “God’s employee.” And now we have one Frank Amodeo (“Amo” is Latin for love and “deo” Latin for God, hence, Frank Lovegod) who, according to Amy Edwards of the Orlando…
Read Full Article Categorized in: Payroll Taxes, Tax Crimes