Clik here to view.
IRS: Law firm skips 45 quarters of employment tax payments
The IRS has sued to force a Brooklyn, New York law firm to pay over $1 million of employment taxes allegedly withheld from employees but not paid to the IRS. The complaint says the Pruzan Law Firm...
View ArticleClik here to view.
Can you rule the world from jail?
The IRS is touchy about people who collect withholding and don’t remit it. So touchy, in fact, that they’ll even imprison the king of the world: Frank L. Amodeo, an Orlando businessman who thought he...
View ArticleClik here to view.
High-risk loans: the folly of stiffing IRS on payroll taxes
Perhaps the worst move you can make as a business owner is skip paying your withholding tax liabilities. The penalties for delay are nasty; worse, anyone “responsible” for not remitting employment...
View ArticleClik here to view.
IRS likes to be first in line
When you withhold taxes, you’d better pay them. While your vendors may be howling for payment, they don’t have anything like the IRS’s ability to hound you. A recent Des Moines case illustrates how...
View ArticleClik here to view.
Oh, boy: IRS to begin random ‘research’ audits of 6,000 employers
The IRS has confirmed reports that it will soon audit 6,000 taxpayers for employment tax liabilities under its National Research Program. Tax Analysts reports ($link): Different types of business...
View ArticleClik here to view.
Digging a deep hole in Wisconsin
There’s a heating contractor in Milwaukee who will never get out of a financial hole, if these allegations are true: A federal court in Milwaukee, Wis., today issued a preliminary injunction ordering a...
View ArticleClik here to view.
Texas-sized payroll-provider scam
Terrible news out of San Antonio for many small businesses, from MySanAntonio.com: An employee leasing services executive was arrested Monday in one of San Antonio’s largest-ever tax fraud cases,...
View ArticleClik here to view.
IRS sues Grimes company over payroll taxes
The IRS really hates it when employers get behind on their payroll taxes. A Grimes construction company is learning all about this. From a Department of Justice press release issued yesterday: The...
View ArticleClik here to view.
Iowa construction company ordered to pay employment taxes
A Grimes construction company was ordered to begin paying employment taxes by a federal judge last week. It’s always unwise to fall behind on employment taxes. The penalties are steep, and the IRS can...
View ArticleClik here to view.
That’s an expensive loan
Sometimes employers who fail to remit payroll taxes they withhold from employee paychecks think they are just taking a sort of unauthorized loan — merely paying one vendor late to pay more pressing...
View Article
