payroll taxes: IRS Enforcement Options For Payroll Tax Debts: A Comprehensive Review
- 04/21/24 07:35 AM
Businesses that fall behind with payroll taxes are the number one source of new clients for most tax rep professionals. The IRS takes payroll tax debts very seriously, as it is a double whammy on the government: it does not receive the tax money, and yet it will be issuing refunds to the taxpaying employees when they file their 1040 tax returns. So the IRS has a letter it sends to employers, Letter 903, that outlines the number of enforcement actions that may occur if the employer does not change course and pay the taxes. These include any and all of the … (0 comments)
payroll taxes: Accountant's Guide to Resolving Payroll Tax Debts Released
- 05/09/20 12:18 PM
The Accountant's Guide to Resolving Payroll Tax Debts and Personal Liability was just released by TG Publishing! Payroll taxes are the number one reason why small businesses get into tax trouble. Why? Because payroll taxes are the easiest loan to take and the hardest to repay. Easy to take because there is no loan document to complete and no banker to refuse: just keep the tax money and spend it. They are the hardest loans to pay back because once the IRS applies the various penalties and interest the balance increases to the point the business cannot easily pay it back. In … (0 comments)
payroll taxes: Payroll Tax Debts in New Haven CT: The IRS Disqualified Payroll Levy
- 05/22/16 10:06 AM
It is not infrequent that companies that have cash-slow issues fall beind in their payroll tax payments to the Internal Revenue Service (IRS). In fact, it might be the number one reason why taxpayers who need help with the IRS end up coming to us. Now for years, as we have helped taxpayers in New Haven, Connecticut and beyond with payroll tax liabilities. Things appear to be changing in this area of IRS enforcement. In 1998 Congress changed the statute to require the IRS to provide a taxpayer an opportunity for a Collection Due Process (CDP) hearing with an IRS Appeals Officer … (0 comments)
payroll taxes: New Haven Connecticut Criminal Payroll Tax Prosecutions: The factors the IRS looks for in deciding to pursue a criminal employment tax case for unpaid payroll taxes.
- 12/09/12 11:42 AM
Historically there have been few criminal employment tax prosecutions, however the IRS Criminal Investigation Division has suddenly focused on this area. The number of prosecutions for criminal employment tax violations under IRC § 7202 has swung up significantly in the last 2 years. We represent taxpayers in a number of criminal tax prosecutions, and can tell taxpayers that the things that the IRS Criminal Investigation Division looks for when deciding to pursue a criminal payroll tax case against a business owner. Those things they look for include: <!--[if !supportLists]-->• <!--[endif]-->Recidivism: Where the taxpayer has opened a series of companies that … (0 comments)
payroll taxes: Hartford, CT IRS: IRS Announces New Voluntary Worker Classification Settlement Program; Past Payroll Tax Relief Provided to Employers Who Reclassify Their Workers as Employees
- 09/21/11 01:37 PM
We are often asked to represent taxpayers involved with federal tax worker classification issues. The Internal Revenue Service today launched a new program that will enable many employers to resolve past worker classification issues and achieve certainty under the tax law at a low cost by voluntarily reclassifying their workers. This new program will allow employers the opportunity to get into compliance by making a minimal payment covering past payroll tax obligations rather than waiting for an IRS audit. This is part of a larger “Fresh Start” initiative at the IRS to help taxpayers and businesses address their tax responsibilities. “This … (0 comments)
payroll taxes: IRS Criminal Payroll Tax prosecutions in Hartford, Connecticut: If you owe payroll taxes, beware: the IRS prosecution of employers is on the upswing.
- 07/09/11 02:41 AM
<!--StartFragment--> We frequently represent clients who owe significant sums of back payroll taxes, to the IRS. For years it was rare to see a criminal prosecution for unpaid payroll taxes, but that is no longer the case. We have seen a significant increase in IRS criminal prosecutions, and it appears payroll taxes are a new IRS Criminal Division priority. Internal Revenue Code Section 7202 makes it a crime for an employer to willfully fail to account for and pay over payroll taxes. We always advise our clients in Hartford, Connecticut and elsewhere to take serious steps to resolving their outstanding … (1 comments)
payroll taxes: IRS Criminal Payroll Tax Cases Hartford, CT: IRS Criminal Division begins focusing on criminal payroll tax cases.
- 05/08/11 12:32 AM
<!--StartFragment--> With the recent uptick in enforcement by the IRS comes a new trend in criminal tax prosecutions of payroll tax cases. Whether your business is located in Hartford, Connecticut or elsewhere, the failure to collect and pay-over the payroll taxes may create more than just financial problems for you. We frequently represent taxpayers having a difficult time paying their payroll tax obligations to the IRS. In general these matters remain civil issues with the IRS and we help our clients resolve these matters either through installment agreements or by filing an offer in compromise. However, there has been a significant … (2 comments)
payroll taxes: IRS Payroll Taxes in Hartford, CT: Handling payroll tax liabilities for your business in Hartford, Connecticut..
- 04/21/11 03:11 PM
Whether you reside in Hartford, Connecticut or elsewhere, if your business owes back payroll taxes to the IRS it is good advice to deal with the issue as soon as possible. How do you handle the back payroll taxes? Get into tax compliance! We always advise our clients that the first step for handling any tax problem with the IRS is to get into compliance, which means you file all of your payroll tax returns and begin making your current payroll tax deposits. Without current compliance there is no making a deal on the back taxes. Is the Company worth saving? If the … (0 comments)
payroll taxes: Payroll Tax Liability in Hartford, Connecticut: Fighting the IRS Trust Fund Recovery Penalty
- 11/28/10 01:43 PM
With businesses failing all the time in this economic climate, we are helping more taxpayers than ever deal with their company payroll tax liabilities and the assessment of the IRS Trust Fund Recovery Penalty in Hartford, CT. There are two aspects to payroll tax liabilities: the portion withheld from the employee's pay (referred to as "Trust Funds") and the employer's match for the FICA taxes (Social Security and Medicare). If the company fails Internal Revenue Code Section 6672, referred to as the Trust Fund Recovery Penalty allows the IRS to pursue individual officers and outside companies who are responsible for the company's … (0 comments)
payroll taxes: IRS Payroll Tax Problem in Hamden, CT?
- 02/16/10 12:36 PM
With IRS Collection and Enforcement on the rise, it is not uncommon for businesses to have the IRS pursue a payroll tax liability in Hamden, CT. The key to this is trying to minimize the damage. Our office deals with IRS and CT DRS tax problems on a daily basis, and often the key to handling a payroll tax problem is to move quickly to deal with it. The IRS has the ability to pursue individuals and businesses that it deems responsible for the failure of the company to pay over payroll taxes for the portion of the payroll taxes withheld … (0 comments)
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Businesses that fall behind with payroll taxes are the number one source of new clients for most tax rep professionals. The IRS takes payroll tax debts very seriously, as it is a double whammy on the government: it does not receive the tax money, and yet it will be issuing refunds to the taxpaying employees when they file their 1040 tax returns.
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