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Payroll Taxes

IRS Addresses Professional Employer Organization Failure to Pay Taxes on Pre-4/1/14 Wages

IRS Addresses Professional Employer Organization Failure to Pay Taxes on Pre-4/1/14 Wages

IRS’s Small Business/Self-Employed Division (SB/SE) has issued guidance to its Collection department employees regarding collecting taxes that were due to be paid by a professional employee organization (PEO) with respect to wages paid before Apr. 1, 2014, but were not paid by the PEO. Background. An employer may choose to enter into an agreement with a […]

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Failure-To-Deposit Penalty Relief For Taxpayers Unable to Open a Bank Account

Failure-To-Deposit Penalty Relief For Taxpayers Unable to Open a Bank Account

IRS has issued interim guidance that allows taxpayers who are unable to get a bank account, or make other arrangements for depositing their tax deposit obligations electronically, to obtain an abatement of the failure to deposit penalty if they follow certain procedures. This provision provides relief to taxpayers who legally sell marijuana under state law […]

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TIGTA: How IRS Should Better Control Third-Party Payroll Service Providers

TIGTA: How IRS Should Better Control Third-Party Payroll Service Providers

The Treasury Inspector General for Tax Administration (TIGTA) has issued a report concluding that IRS must improve the safeguards that it has in place to protect employers and the government when third-party payroll providers are not compliant with payment and filing requirements.  Click here for TIGTA Audit Report No. 2015-40-023, Processes Are Needed to Link Third-Party Payers […]

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Tips for Employers Who Outsource Payroll Duties

Tips for Employers Who Outsource Payroll Duties

Many employers outsource their payroll and related tax duties to third-party payers such as payroll service providers and reporting agents. Though most of these businesses provide very good service, there are, unfortunately, some who do not have their clients’ best interests at heart. Here are some steps employers can take to protect themselves from unscrupulous […]

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‘Nanny Tax’ Offenders Get a Break From IRS

‘Nanny Tax’ Offenders Get a Break From IRS

As reported in the WS Journal, employing a nanny or other household workers can open a can of worms with the Internal Revenue Service, but the agency wants to make it easier for people who mishandle taxes for their hired help to put things right.  The tax-preparation season is a time when questions often surface […]

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Settlement payment for age discrimination was “wages” for FICA purposes

Settlement payment for age discrimination was “wages” for FICA purposes

Editor’s Note:  I am frequently asked about so-called personal injury awards which are excluded from being taxable under Code Section 104(a)(2) if certain conditions are met. This case was a bit different.  A district court in Gerstenbluth v. Credit Suisse Securities, (USA) LLC and IRS, (DC NY 9/28/2012), has concluded that an age discrimination settlement […]

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90% underestimate cost of payroll taxes

90% underestimate cost of payroll taxes

As reported by Jan Norman, OC Register, most American adults don’t know how much businesses pay in employment taxes on top of wages, according to a new Rasmussen Reports survey. In fact only 54% of the 1,000 adults polled knew that employers pay taxes on top of employee wages, the survey found. When asked “If […]

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New York Certified Public Accountant Who Failed to Pay Employment Taxes Sentenced to Two Years in Prison

New York Certified Public Accountant Who Failed to Pay Employment Taxes Sentenced to Two Years in Prison

As reported by the U.S. DOJ press release:  Silford Warren, a resident of Queens, N.Y., was sentenced today to 24 months in prison for failure to pay over employment taxes in connection with his ownership of Silford Warren, CPA PC., the Justice Department and Internal Revenue Service (IRS) announced today. Judge William F. Kuntz II […]

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Case Alert: U.S. Supreme Court refuses review of former corporate officer’s liability for Section 6672 penalty (Trust Fund Recovery Penalty)

Case Alert:  U.S. Supreme Court refuses review of former corporate officer’s liability for Section 6672 penalty (Trust Fund Recovery Penalty)

The U.S. Supreme Court, in the case of Conway, (CA 5 07/19/2011) 108 AFTR 2d 2011-5336, cert denied 04/16/2012, has declined to review a decision of the Fifth Circuit that the president/CEO of a defunct airline was a responsible person who willfully failed to remit excise taxes. The Fifth Circuit rejected the taxpayer’s claims that […]

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IRS Eliminates Monthly Employment Tax Return Filing Option For Noncompliant Taxpayers

IRS Eliminates Monthly Employment Tax Return Filing Option For Noncompliant Taxpayers

The IRS has issued an internal memorandum, IRS SBSE Memorandum SBSE-05-1211-090, 2/24/2012 which says that, effective Jan. 1, 2012, it is no longer giving noncompliant taxpayers the option of filing their employment tax returns and making their tax deposits on a monthly basis. Employers must use Form 941, Employer’s Quarterly Federal Tax Return, beginning with […]

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Payroll Tax Cut Extended to the End of 2012; Revised Payroll Tax Form Now Available to Employers

Payroll Tax Cut Extended to the End of 2012; Revised Payroll Tax Form Now Available to Employers

Payroll Tax Cut Extended to the End of 2012; Revised Payroll Tax Form Now Available to Employers WASHINGTON — The Internal Revenue Service recently released revised Form 941 enabling employers to properly report the newly-extended payroll tax cut benefiting nearly 160 million workers. Under the Middle Class Tax Relief and Job Creation Act of 2012, […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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