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Unpaid Payroll Taxes: A Time Bomb You Can Defuse Webinar

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Mar 2024

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Reframing: Unpaid payroll taxes and missing tax returns can lead to severe financial consequences and even prison time. Many employers are unaware of .. Read more these risks until it's too late. The penalties can amount to 50% of the tax due and can be personally assessed against the business owner. However, taking prompt action with a tax professional can prevent these consequences. The IRS takes unpaid payroll taxes seriously and has extensive powers to collect. Delaying payment can result in business closures, strained relationships, and even divorce. Tax professionals must prioritize their responsibilities and recognize the potential civil liabilities.

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EditionMar 2024

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