What are Some Potential Drawbacks of the Tax Appeal Process?
In deciding whether to file a tax appeal written protest, a taxpayer should consider all the pros and cons of the tax appeal process.
Tax Law News and Information Straight from The Tax Lawyer
The Benefits of Filing a Tax Appeal
In order to properly file a tax appeal disagreeing with income, estate, or gift tax, the taxpayer must file with the Appeals Office. The appeal must contain a written protest stating why the IRS’s findings are incorrect (1).
Do You Call Your Salespersons Independent Contractors?
They Might Be Employees, and You May Be in Hot Water with the IRS
Under the Trust Fund Recovery Act, the IRS has targeted businesses which misappropriate funds collected from employees for the purpose of paying payroll taxes.
Sales and Employment Taxes: Who is Responsible?
Every business with employees is required to pay payroll taxes However, occasionally a business may find itself running short on cash with specific debts, such as rent and bills to suppliers for example, taking immediate priority over taxes and u
Your “Independent Contractor”...Are They Really an Employee?
What Every Business Needs to Know
The distinction between “employees” and “independent contractor” is significant when it comes to the responsibilities of the business towards that person.
Employment Withholding - Payroll Tax Offenses
Businesses are required to pay payroll taxes, which are computed and withheld from employees’ taxes. The employer is then required to turn over the withheld amounts to the IRS.
Employee or Independent Contractor For Tax Purposes?
Taxation is just one of many areas of law involved in disputing a workers status as either an employee or an independent contractor for the purposes of payroll taxes.
The Criminalization of Payroll Tax Violations. Are You at Risk?
By federal law, employers are required to withhold certain funds from their employees’ wages and pay them to the IRS in the form of income and payroll taxes. 26 US Code Sec.
Are You Sure You’ve Classified Your Workers Properly?
The Safe Haven and Voluntary Classification May Save Your Business From the IRS. Recently, under the Trust Fund Recovery Act (TFRA), the IRS has made it a priority to target businesses which misappropriate funds collected from employees for the purpose of paying payroll taxes.
20 Factors that Distinguish Contractors from Employees
Nearly every business needs to hire or contract with other businesses or individuals to provide services in the course of running the business. In doing so, the owners and managers have a duty to determine if the individuals are employees or independent contractors.