Advice

If you’re going to tussle with the IRS, it should be over a tax assessment, not whether your documents were filed on time.
Here are digests of recently released official announcements from the IRS.
Under tax code Section 6672, you can be personally liable for your employer’s undeposited payroll taxes if you’re a responsible person who willfully fails to deposit those taxes.
The Social Security Administration has begun mailing Employer Correction Request Letters to employers that e-filed at least one 2018 W-2 on which an employee’s name and Social Security number didn’t match. They’re commonly known as “no-match letters.”
Forms 1095-C/1094-C, which applicable large employers file with the IRS to report offers of group health coverage made to full-time employees, are information returns. Fail to file those forms outright and you’ll be liable for hefty information return penalties.
Does employee morale cost $36,233 if the money is going to your college kids who “work” in the family business? The Tax Court didn’t seem to think so.
The IRS tipped its hand on some key payroll-related tax issues and other potential changes at this year’s American Payroll Association Capitol Summit, held March 25 and 26, 2019, in Washington, D.C. Here’s the rundown.
Regulators at the Department of Labor have been busy, issuing two new notices of proposed rulemaking in less than a week.
Remember, the IRS is indifferent if your third party overpromises and underdelivers. You are still responsible for the payroll taxes that weren’t deposited or that were deposited in an incorrect amount.
The IRS first clarified the SALT cap for businesses in FAQs. But due to persistent questions, it’s created a safe harbor, which applies to charitable contributions made on or after Jan. 1, 2018.