eric l green: Why I Only Recommend National Payroll Companies? Payroll Tax Fraud
- 04/27/24 03:00 AM
It happens all the time - I literally just woke up to it again. A Press Release from the Department of Justice Tax Division:
Maryland Payroll Company Owner Pleads Guilty to Employment Tax Crimes and Embezzling from Employees’ 401(k) Plans
So what happens when a payroll company steals the payroll tax dollars meant for the government? The employer still owes those payroll tax dollars to the IRS. The fact that it was stolen by a third party does not relieve the employer of the payroll tax liability.
True, we may be able to get penalty abatement due to the bad actor, but the taxes … (3 comments)
|
eric l green: When Do Payroll Tax Debts Become Criminal?
- 04/21/24 07:48 AM
Recently, the IRS and United States Department of Justice (“DOJ”) have been criminally prosecuting more payroll tax cases than ever before. Several years ago the decision was made to focus on payroll tax cases for both civil and criminal enforcement, given the importance of payroll taxes to the federal income stream.
When it comes to charging taxpayers criminally for the failure to account and pay over payroll taxes there are three main statutes the IRS and DOJ use: IRC § 7202 (the felony statute for payroll tax violations), IRC § 7215 (the misdemeanor statute for payroll violations) and IRC § 7201 (Tax … (1 comments)
|
eric l green: 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)
|
eric l green: The First Step to Resolving a Payroll Tax Debt? Compliance!
- 04/21/24 07:16 AM
Businesses that fall behind with payroll taxes are the number one source of new clients for most tax rep professionals. The major issue many of these clients has is confusion about what to do first. Often we hear “I should make a payment against the oldest period first, that way the IRS knows we are serious.”
No they don’t!
The IRS does not think that way. The first step to do anything with the IRS is to get into tax compliance first.
What is “Tax Compliance”?
In order for the business to have any chance of surviving the tax debt issue is being able to … (1 comments)
|
eric l green: What To Do If You Cannot Pay the Payroll Taxes?
- 04/21/24 06:48 AM
Businesses that fall behind with payroll taxes are the number one source of new clients for most tax rep professionals. The first three issues that must be dealt with are:
Can the business get into and maintain tax compliance? Is this business viable in its current form? If the business is not viable in its current form, can it be restructured to be a viable ongoing concern? Tax Compliance
In order for the business to have any chance of surviving the tax debt issue is being able to get back into tax compliance, meaning it is filing and paying the payroll taxes … (1 comments)
|
eric l green: Challenging a Bad Tax Assessment at the Collection Due Process Hearing
- 04/21/24 05:40 AM
We frequently have taxpayers arrive in our office with collection notices for an IRS balance due that they believe they do not owe. Whether due to not receiving the notice of proposed changes (CP-2000), or because they submitted records that were ignored by the IRS, these taxpayers are now facing balances with penalty and interest they should not have to pay.
More often than not it is the Final Notice of Intent to Levy and Your Right to a Hearing (CP-90) that gets them to act and contact us. Other times it is the Notice of Federal Tax Lien being filed that … (1 comments)
|
eric l green: Tax Rep Network Podcast: Scaling New Heights 2024
- 04/05/24 12:16 PM
In this week’s podcast Heather Satterly, the Director of Education and Media for Woodard sits down with me to discuss the highlights of this year’s conference, and she and I discuss why the conference is such an unbelievable experience for both training and software solutions.
Check out the podcast episode on spotify here: https://open.spotify.com/show/3wPwJovs3sbCQjczMxli3S
… (0 comments)
|
eric l green: IRS Enforcement Update with the Director of IRS Collection Policy
- 03/23/24 05:02 AM
Joining me, Eric Green, on this week's Tax Rep Network Podcast is the Director of IRS Collection Policy, Rocco Steco, to update everyone on where the IRS is right now in terms of turning back on the automated enforcement and what we and our clients can expect in the coming year.
You can watch the video on YouTube here: https://www.youtube.com/watch?v=OWGerNZLAY8
You can listen to the Tax Rep Network Podcast on all podcasting channels.
… (3 comments)
|
eric l green: New Haven, CT: What is Reasonable Compensation for an S Corp Owner?
- 03/10/24 06:53 AM
I am a tax attorney in New Haven, Connecticut that help taxpayers dealing with IRS audits and back balances all over the country. For S Corporation owners having a grasp and making the right call on compensation is not just smart business practice—it's a vital part of following IRS rules. Reasonable compensation ensures that shareholder employees are fairly paid for their efforts while steering clear of tax complications. In this piece we'll delve into what reasonable compensation involves, its importance and how S Corporation owners can smoothly navigate IRS guidelines.
Reasonable compensation as defined by the IRS refers to the pay that … (1 comments)
|
eric l green: New Haven, CT: The IRS Crackdown on Non-Filers: What You Need to Know
- 03/09/24 05:20 AM
I represent taxpayers with tax issues in New Haven, Connecticut as well as all over the country before the IRS, Department of Justice Tax Division and State Departments of Revenue. The IRS knows there are more than 10 million non-filers and has known who they are for several years now. Last week the IRS announced the long awaited move against the top 125,000 high-income non-filers is starting.
For those who haven't filed their taxes there are a few initial considerations:
How many years must they file? Should they just file or should they request Voluntary Disclosure? Compliance with tax regulations goes beyond … (0 comments)
|
eric l green: How to Settle a Tax Debt, Part 3: Uncollectible Status
- 03/02/24 03:33 AM
I am a tax attorney in New Haven, Connecticut that helps taxpayers struggling with tax debt all over the country. Dealing with tax matters can feel overwhelming, for any taxpayer. Whether its dealing with mounting debts or the looming threat of IRS enforcement actions the financial strain can be quite daunting. Fortunately there are options to help individuals facing challenges one being the option to acquire Uncollectible Status, also known as Currently Not Collectible (CNC) status from the IRS.
Uncollectible status offers a relief for taxpayers experiencing hardship and unable to fulfill their tax obligations. When granted status the IRS puts a … (3 comments)
|
eric l green: How to Settle a Tax Debt, Part 2: Installment Agreements
- 02/29/24 03:20 AM
I am a tax attorney in New Haven, Connecticut that helps taxpayers struggling with tax debt all over the country. Facing a tax debt can be a daunting experience, but the IRS offers options for taxpayers to manage their obligations through installment agreements. However, these agreements come with their own set of rules and considerations that taxpayers and practitioners must understand to navigate effectively.
An installment agreement is essentially a structured payment plan between the IRS and a taxpayer to settle back taxes over a period of time, typically in monthly installments. While it offers relief by spreading out the payments, there … (3 comments)
|
eric l green: How to Settle a Tax Debt, Part 1: Offers-in-Compromise
- 02/27/24 05:21 PM
I am a tax attorney in New Haven, Connecticut that helps taxpayers struggling with tax debt all over the country. If you are feeling overwhelmed by mounting tax obligations, you're not alone. Luckily there's a solution that could ease your burden; the IRS Offer in Compromise (OIC) program. This program offers hope to those facing hardship by providing a way to settle tax liabilities for less than the amount owed. In this article we'll take a look at the IRS OIC program discussing its eligibility requirements, application process and important factors to consider.
The IRS OIC program is designed for taxpayers who … (0 comments)
|
eric l green: Navigating IRS Innocent Spouse Relief: Understanding Your Options
- 02/22/24 12:27 PM
The focus of my practice is civil and criminal tax representation, including helping taxpayers seek innocent spouse relief from the IRS.
Navigating the complexities of tax law can be a daunting task, especially when it comes to joint tax returns and the potential liabilities they entail. Married taxpayers who file jointly with their spouses often find themselves in situations where they are unfairly held responsible for tax liabilities that they believe should not be their burden to bear. However, relief may be available through the IRS Innocent Spouse Relief provisions outlined in Internal Revenue Code (IRC) Section 6015.
When considering Innocent Spouse Relief, … (0 comments)
|
eric l green: New Haven, CT: Understanding S-Corp Owner Compensation
- 01/18/23 01:47 PM
Whether you are in New Haven, Connecticut or not, what is "Reasonable Compensation" is a critical issue for S Corporation owners. We have defended both taxpayers and tax preparers on this issue before the IRS. The answer to this question depends on a variety of factors and can be complicated. This blog post will explore the concept of reasonable compensation for an S-Corp owner and provide some basic guidelines to help you better understand how to support the wage number on that 1120-S Return.
Tax Implications
The Internal Revenue Service (IRS) requires that S-Corporations pay their owners “reasonable” compensation" in order to avoid … (1 comments)
|
eric l green: See You in Miami: Resolving Payroll Tax Issues - A Case Study
- 08/20/22 05:15 AM
Payroll taxes are the number one reason why small business get into trouble with the IRS, and small businesses continue to suffer from the fallout from the COVID-19 pandemic along with supply chain issues, inflation, and staffing problems. The IRS has now announced an increase in enforcement of personal liability along with income tax assessments and civil fraud penalties against the owners of these businesses! Meet Mary Jones. Mary operated a staffing company with her sister and niece in Connecticut when they fell behind in their payroll tax filings and payments. We will walk you through Mary’s case, including the completed … (2 comments)
|
eric l green: Bloomberg Tax: Non-Filer? How to Come in From the Cold With the IRS
- 08/19/22 07:21 AM
My latest column is out on Bloomberg Tax: Are You a Non-Filer? How to Come in From the Cold With the IRS
In it I walk you through whether the tax returns can just be filed, how many years to file, and when the taxpayer should consider making a voluntary disclosure with the IRS.
Check out the column here and let me know if you have any questions or comments: https://news.bloombergtax.com/tax-insights-and-commentary/are-you-a-non-filer-how-to-come-in-from-the-cold-with-the-irs
Thanks, Eric
Eric L. Green, JD, LL.M.
Green & Sklarz LLC
1 Audubon Street, 3rd Fl
New Haven, CT 06511
egreen@gs-lawfirm.com
https://gs-lawfirm.com
… (1 comments)
|
eric l green: My Bloomberg Column: Unpaid Payroll Taxes Just Became More Dangerous
- 07/08/22 08:28 AM
My most recent column on the new enforcement focus on unpaid payroll taxes is out on Bloomberg Tax:
https://news.bloombergtax.com/tax-insights-and-commentary/unpaid-payroll-taxes-just-became-more-dangerous-for-owners
If you or your client has a payroll tax problem please contact me at either (203) 285-8545 or by email at egreen@gs-lawfirm.com.
… (2 comments)
|
eric l green: Tax Rep Network Podcast: The Lifecycle of a Criminal Tax Case
- 02/10/22 05:34 AM
On this week’s podcast episode Eric is joined by Gwen Moore and Ajay Gupta to walk through how a criminal tax works, from referral to sentencing.
Check out the podcast on ITunes, Google Podcasts, Apple Podcasts, Spotify or on our Podcast Page Here!
Want to contact Gwen? She can be found here trying to save taxpayers. https://www.mooretaxlawgroup.com/attorney/moore-guinevere-m/
Ajay Gupta can be contacted here: https://www.mooretaxlawgroup.com/attorney/ajay-gupta/
Interested in joining Tax Rep Network and building an unbelievable Tax Rep practice? Come check out Tax Rep here!
Want to check out a special offer from bench on outsourced bookkeeping and forensic reconstruction? https://bench.co/taxrep
Use CallENQ to get through to the IRS in under 3 minutes! Special Offer … (0 comments)
|
eric l green: Tax Rep Network: Mad at the IRS? Blame Congress! with Guinevere Moore
- 01/28/22 06:15 PM
The headaches with the IRS continue: massive backlog of mail and returns that have not been processed, hold times on the phones that are measured in hours not minutes, and a grinding enforcement machine that continues unabated. Guest Host Gwen Moore joins Eric on this special episode to discuss her recent Forbes Column, the ongoing issues at the IRS, why Congress is actually the bad actor, and what they think of the Congressional announcement made today regarding the call for the IRS to hold off on enforcement.
Check out the podcast on ITunes, Google Podcasts, Apple Podcasts, Spotify or on our Podcast … (1 comments)
|
It happens all the time - I literally just woke up to it again. A Press Release from the Department of Justice Tax Division:
;)
;)
;)
