The number one reason why small businesses get into tax trouble is due to failure to report and pay payroll taxes. Payroll tax liabilities are such a large part of the Tax Gap that the IRS has started a number of initiatives to deal with the non-compliance by employers.
DESIGNED FOR
CPAs
BENEFITS
After attending this presentation you will be able to...
- Understand how the IRS assesses the company and responsible individuals for the unpaid payroll taxes
- Identify who may be deemed personally responsible for the unpaid payroll taxes
- Explain the assessment procedures under IRC § 6672
HIGHLIGHTS
The major topics that will be covered in this class include:
- The basics of resolving an outstanding payroll tax debt
- Handling personal liability for owners and key employees
- Issues pursuant to the trust fund recovery penalty
COURSE LEVEL
Intermediate
PREREQUISITES
None
ADVANCE PREPARATION
None