Employers are required to withhold taxes from their employees' paychecks. Approximately 81% of all taxes received by the United States are from payroll taxes.
DESIGNED FOR
CPAs who have clients that are employers. CPAs who sign payroll tax forms for their client when taxes are outstanding.
BENEFITS
After attending this presentation, you will be able to...
- Understand the role of IRS in prosecuting criminal employment tax violations
- Identify the federal statutes that require employers to withhold employees' taxes
- Define what is considered a "responsible party" when withholding payroll taxes
- Know the civil and criminal penalties of failing to withhold or pay over payroll taxes
- Understand the characteristics of when unpaid payroll taxes become a criminal investigation
- Know how IRS investigates employment tax crimes
- Understand what the federal courts consider in determining a prison sentence
- Discuss examples of prison sentences for consequences in unpaid payroll taxes
HIGHLIGHTS
The major topics covered in this course include:
- Identifying the statutes that require employers to withhold payroll taxes
- The criteria of when unpaid payroll taxes crosses the line from being a tax problem to a criminal investigation
- What steps you can take to mitigate any civil or criminal penalties
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None