representation Trust fund penalty
IRS Set 2 Traps for Payroll Taxes – How to Protect Yourself If your business has problems with IRS payroll taxes, this blog is for you. The IRS set 2 traps for that business owner that’s fallen behind on payroll taxes, and you need to know about them. The first trap is financial.…
Read More
Location Schaumburg IL Background A series of LLC-formed, Home Health Care agencies was under Internal Revenue Service collection and Medicaid recuperation. Each agency was owned, in part, by one family. One agency had significant employment tax liability. This IRS back-tax was due to a long-term habit of only issuing net paychecks to employees, but failing…
Read More
Hundreds of home healthcare agencies have tons of legal problems. We know that licensing compliance, Medicare and Medicaid audits, and state reimbursements are huge obstacles. Right now, let’s focus on how they avoid IRS tax problems. Two Main Tax Issues with Home Healthcare Providers Payroll Back Taxes Cash is short. On pay day, the owner…
Read MoreBackground: Contractor company employs over 150 union tradesmen. However, between union benefits, dues, and routine payroll, the employer amassed well over $1 Million in unpaid liabilities, including a substantial payroll tax debt. IRS began a federal tax levy against the contractor’s receivables. The ongoing levy further interrupted payroll and union payments. The levies also limited the owner’s…
Read More