Delinquent Payroll Taxes
« Previous EntriesTax Help News: Michael Rozbruch to Share Top Tax Help Tips on Big Biz Show For Consumers to Avoid IRS Problems
Friday, February 25th, 2011There are now less than two months before Tax Day 2011, which means struggling consumers who are not sure how they will pay their tax bill come April 18th needs to buckle down and figure out what their options are in terms of tax compliance and staying out of IRS trouble.
Recently, a great article was [...]
IRS To Audit Businesses for Unpaid Payroll Taxes and Worker Misclassification
Sunday, January 30th, 2011The January 31st deadline for filing Form 1099s (independent contractors) is just around the corner. Worker status is a major target on the IRS radar this year.
Why would the IRS care how a business owner classifies workers? The simple answer is that tax burden on the owner changes dramatically depending on how a worker is [...]
Tax Relief FAQ: How Does the IRS Determine Worker Misclassification in Business Audits?
Sunday, January 23rd, 2011If you own a business, your workers are classified as either employees or independent contractors. When it comes to paying tax to the IRS, the difference in employee classification is essential.Â
As a business owner, it is your responsibility to withhold and pay Social Security, Medicare and income taxes and pay unemployment taxes on wages paid for each and [...]
Year-End Tax Help Tips for Individuals to Save on Taxes in 2011
Thursday, December 16th, 2010What a year 2010 was, with all the media exposure on tax relief scandals like Roni Deutch and American Tax Relief, celebrity tax woes, and the UBS offshore tax evasion cases. Alas, we are at a close of the year with only two weeks left before the new year rolls around, what can you do [...]
Tax Relief News: IRS Demonstrates Enforcement in Celebrity Tax Case
Sunday, December 12th, 2010Wesley Snipes is going to prison for three years for his unpaid back taxes.
You know who–Snipes. The star of Blade and White Men Can’t Jump, was convicted of willfully failing to pay taxes on $38 million of income for the tax years 1999 to 2001.
After a judge rejected his appeal, Snipes was ordered to turn [...]
Tax Help Tips on How to Reduce Debt, Pay Back Taxes and Avoid IRS Problems When Filing Tax Returns
Sunday, November 21st, 2010
With tax season quickly approaching, Americans who owe the IRS back taxes they can’t afford to pay will need to know how to swiftly and effectively reduce tax debt while also resolving financially crippling IRS liens and levies.
As the troubled economy begins its slow rebound, year-end tax planning is more important than ever, especially [...]
Tax Help: How to Correctly Classify Workers and Avoid IRS Employment Tax Audits
Friday, October 29th, 2010How do you distinguish between independent contractors and employees? More importantly, how does the IRS determine who owes unpaid employment taxes and who doesn’t? Consider these tips to make correct determinations of worker classifications and avoid the wrath of IRS audits for unpaid employment back taxes and payroll tax problems.
Since the treasury needs every penny [...]
Tax Relief News: It’s Not too Late to Get Tax Help As Tax Extension Deadline Nears
Sunday, September 26th, 2010Did you file last April for a tax extension?
Time is running out to file any delinquent tax returns and to avoid crippling IRS problems. However, if you were one of many who lack the funds to pay IRS back taxes in full, you may be tempted to not file a tax return at all. BIG [...]
Tax Help For Small Business Owners Who Owe Employment or Payroll Taxes as IRS Steps Up Enforcement
Monday, September 20th, 2010Attention all small business owners and independent contractors: did you know that the IRS is stepping up their enforcement just so that they can go after taxpayers like YOU more aggressively?
The IRS is planning to assign a higher priority to the collection of payroll taxes than personal income taxes. But don’t let the anxiety [...]
Top Tax Help Resources for Business Owners–The IRS Plans to Audit 6,000 Businesses, Are You Prepared?
Wednesday, September 15th, 2010Did you know that the IRS is planning to audit some 6,000 businesses (emphasizing companies who categorize their employees as independent contractors) in the upcoming years? How prepared are you?
The IRS estimated that companies underpay employment taxes by $14 billion each year. The IRS plans to select 2,000 companies at random each year for the [...]