Posts Tagged ‘irs payroll taxes’

Top Tax Help Resources for Business Owners Facing Employment Tax Audits–The IRS Is Ready, Are You?

Wednesday, September 15th, 2010

You may have already heard that the IRS is planning to audit some 6,000 businesses (emphasizing companies who categorize their employees as independent contractors) in the upcoming years. The question is: are you ready for it?
It is estimated that companies underpay employment taxes by $14 billion each year. The IRS is selecting 2,000 companies at random each year for the next three years and putting their most experienced agents on
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Expert Tax Help FAQ: Can the IRS Get Personal When It Comes to Payroll Taxes?

Wednesday, September 8th, 2010

Many of you may own your own business with your own employees. This means you will need to follow the IRS tax rules for filing and paying annual payroll taxes if you want to stay in business and out of IRS trouble.
But how far can the IRS go when it comes to collecting unpaid payroll taxes? Can the IRS really go after you personally if you fail to file and
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Tax News for Businesses: New 2010 Payroll Tax Exemption & Payroll Tax Problems Relief

Wednesday, May 26th, 2010

Payroll tax is a topic that usually invokes a growl from small and large business owners alike – failure to keep up with payroll tax payments, as I’ve stated before, can be the “kiss of death” for many businesses. Having unpaid employment taxes/payroll taxes quickly results in IRS payroll tax penalties and suddenly your business is shut down, boarded up by the IRS and that’s the end of that. However,
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Tax Help for Small Businesses With Payroll Tax Problems: Why IRS Enforcement of Small Business Taxes Is Treasonous!

Wednesday, August 19th, 2009

With the recent surge in IRS enforcement, small businesses have become a major target for the government. The staggering annual $345 billion tax gap can be largely attributed to small business tax evasion; much of this has been because small businesses are difficult to enforce and many can manage to slip through the tax cracks by underreporting actual income.
Therefore, the IRS has shifted into high gears to catch and penalize
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Prevent IRS Payroll Tax Problems: Tax Help for Business Owners Who Want to Avoid IRS Trouble

Monday, August 17th, 2009

For small business owners, it can get tricky in gloomy economic times to keep up with making payroll tax deposits to the IRS.  Oftentimes, the challenges could be simply about how to keep the lights on while still paying employees every month.
In recent months, the IRS has been pressured to close down on the $345 billion a year tax gap by going after the largest contributor of this tremendous sum
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FLA. MAN KEPT MONEY HE WAS SUPPOSED TO TURN OVER TO IRS

Friday, December 7th, 2007

Robert Kenneth Dromm, of St. Petersburg, Fla., was sentenced to 48 months in prison after pleading guilty to one count of tax evasion.
According to court records, Dromm owned Pay Plus Payroll Administrators, which collected funds from its corporate clients and agreed to file payroll tax returns with the IRS and pay to the IRS its clients’ payroll taxes. From 1999 and 2004, Dromm embezzled the funds by engineering a
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