Tag Archives: Payroll Taxes

Failure to Deposit Payroll Taxes

If you are an employer, the IRS requires that you make your payroll tax deposits through the Electronic Federal Tax Payment System (EFTPS).  However, if you fail to use the EFTPS to make the deposits, the IRS will assess a … Continue reading

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Bill my accountant

Under IRC 6672, the IRS can collect unpaid payroll taxes from anyone responsible for collecting or paying the employment taxes. This includes accountants as well. To read about a case that scares accountants, see Erwin, U.S. District Court, M.D. North … Continue reading

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Wait! Are you an employee?

The IRS and the Obama administration are making an effort to crack down on worker misclassification. Most employers would prefer to classify their workers as independent contractors in order to save on payroll taxes, benefits, insurance, and employment laws. However, … Continue reading

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