Monthly Archives: November 2012

  What are the consequences of not paying employment taxes on time? When employment taxes are not paid on time, the IRS will impose harsh penalties due to the fact that a portion of these funds actually belongs to the employee and is simply being held in trust by the employer until the required tax amounts are paid. Business owners who fail to meet payroll tax deadlines can often end up having to pay the delinquent tax balances from their personal funds and, on occasion, can even end up in jail. What is the Trust Fund Recovery Penalty? The Trust … Click to Read More