Brookings Institute: State and Federal Unemployment Taxes are Regressive so...
Two weeks ago in a roundtable talk sponsored by The National Academy of Social Insurance Gary Burtless of the Brookings Institute said the unemployment payroll tax is a scandalously regressive tax on...
View ArticleObama Extends Payroll Tax Deduction so Father and Twins Can Eat Those Fatty...
The Republicans are no longer the party of tax cuts. I never thought I would hear myself say that, but it’s true. At least for the short term. Yesterday, House Republicans abandoned their principles...
View ArticleIt Seems that the Expiration of a Tax Cut is a Tax Increase After All
Do you remember last year’s debate about whether or not we should extend the Bush tax cuts? Do you remember how the Democrats and their soak-the-rich friends kept insisting that the expiration of those...
View ArticleIs Social Security a Ponzi Scheme?
In the Republican Presidential debate last night Texas Governor Rick Perry doubled down on his contention that America’s Social Security Program is a scam: [P]eople who are on Social Security today,...
View ArticleAnother IRS Amnesty Program: The Voluntary Classification Settlement Program
The IRS is apparently so happy with the results of it’s offshore voluntary disclosure program that it has established a similar program in the area of worker classification. Michael Cohn of...
View ArticleThe Amish Can’t Electronically File Because the Amish Don’t Believe in...
“Amish homes do not draw power from the electrical grid. They feel that that would excessively connect them to the world.” - Beliefs of the Amish, Religious Tolerance Website - By all accounts the...
View ArticleWork Culture Shifting From Employees to Independent Contractors: Beware the IRS
The IRS prefers that workers be classified as employees subject to the payroll tax withholding laws rather than as independent contractors who are not subject to those laws. The reason for this is...
View ArticleIRS to Intensify Collection of Unpaid Payroll Taxes
According to WebCPA the Treasury Inspector General for Tax Administration (TIGTA) says that a larger percentage of IRS collection agents are not following the proper procedure in payroll tax cases: The...
View ArticleBrookings Institute: State and Federal Unemployment Taxes are Regressive so...
Two weeks ago in a roundtable talk sponsored by The National Academy of Social Insurance Gary Burtless of the Brookings Institute said the unemployment payroll tax is a scandalously regressive tax on...
View ArticleTIGTA Wants IRS to Crack Down on Worker Misclassification
WebCPA reports that the Treasury Inspector General for Tax Administration says that weaknesses in the IRS’s employment tax compliance program could cost the U.S. Treasury more than$130 million in...
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W-2 and 1099 Pitfalls, Tips & Deadlines
The Sun-Herald.com reports that Greatland, one of the country’s leading providers of W-2 and 1099 products for business, has released its top W-2 and 1099 filing “pitfalls” to watch out for this tax...
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IRS Aggressively pursues business owners who fail to remit payroll taxes
As published in the Seminole Voice Newspaper, July 13-July 26, 2012 The IRS Aggressively Pursues Business Owners who Fail to Remit Payroll Taxes We have been helping business taxpayers with their IRS...
View ArticleIRS Worker Classification Amnesty
The IRS is apparently so happy with the results of it’s offshore voluntary disclosure program that it has established a similar program in the area of worker classification. Michael Cohn of...
View ArticleWhen You Don’t Make Your Payroll Tax Deposits
One of the worst tax violations is the failure of an employer to remit payroll taxes it has withheld from its employees’ pay. Despite its gravity, it is also one of the most frequent tax problems we...
View Article5 Biggest Payroll Tax Mistakes of Small Business Owners
One of most frequent problems we see is the small business that is several quarters behind in paying its payroll taxes. There are many contributing factors to this, but usually we find that the...
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