Month: June 2019

If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh penalty can be imposed. To make matters worse, the penalty for not paying payroll taxes on time can be assessed personally against a “responsible individual.” There are escalating payroll tax penalties … Continue reading “Employers: Be Aware (or Beware) of the Penalty for Not Paying Payroll Taxes on Time”