Payroll Tax Delinquency Penalty

You are required to pay penalties for undeposited or unpaid employment taxes, and for late payroll tax returns. The IRS will calculate separate penalty for each type of delinquency, and then add up the penalty for each and combine them to determine the total amount. Liability and negligence penalty for taxes not withheld at all. […]

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Payroll Taxes: Something You Need to Know

It is your responsibility as an employer is to collect, pay, and report payroll taxes as required by federal and state laws. If you are a corporate officer or other “responsible party,” you may be personally liable for payroll taxes not deposited or reported as required. Even if you use a payroll service or someone […]

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