Introduction

Payroll Taxes are one thing that all businesses have in common.  Dealing with Payroll Tax Headaches can be overwhelming and frustrating for any business. Failure to properly file and report payroll taxes can result in huge fines and penalties for a business and may result in legal action. 

This Tax webinar on payroll will give you guidance on precautions to take to keep from getting into a Payroll Tax Liability. It will provide tips on how to respond to notices and make claims for appeals to resolve tax liabilities. It will also cover details of IRC Section 6672 and the Trust Fund Recovery Penalty. 

The material covered in the online webinar will give you the tools necessary to help your business remain in compliance and avoid Payroll Tax Headaches.

How an organization gets into a payroll tax liability

• Not paying taxes timely or according to federal or state guidelines
• Not researching regulations of where work is being performed to withhold proper taxes
• Paying taxes on the wrong frequency
• Improperly classifying employees as contractors
• Not withholding/over withholding on foreign employees

Precautions to take

• Research when going into a new location
• Audit tax withholdings
• Check liability before the New Year for frequency issues
• AP Audits against employee records
• I-9 Audits, watch for red flags on employee documents
• When you realize a mistake was made file an amendment

Types of Consequences

• Fines/Penalties
• Levies
• Trust Fund Recovery Actions

IRC section 6672-trust fund recovery penalties

• What is IRC Section 6672
• What taxes does it apply to
• Types of Appeals/Claims
• Requests for Abatement/Refunds
• What parties can be held responsible

What to do when you receive a notice

• Respond to the Notice as soon as possible
• Write a detailed letter of explanation
• Send documentation to back up the claim
• Ask for a waiver of penalties and interest

Helpful websites, publications, and ways to get help

• IRS.gov, Publication 15
• State Websites and Employer Guides
• Local Government Websites
• Google/Search engines
• Taxpayer Advocate Service

Learning Objectives

• To identify what IRC Section 6672 is and how to keep in compliance to avoid it.
• To identify ways to avoid a payroll tax liability.
• To explore how to respond to tax notices.
• To explore valuable resources to keep in compliance.

Who Will Benefit

California Registered Tax Professional Certified Payroll Manager CPA (Industry) CPA - Mid Size Firm CPA - Small Firm HR Professionals Human Resources Manager Maryland Tax Preparers Oregon Tax Preparers Payroll Compliance Practitioner Tax Accountant (Industry) Tax Attorney Tax Director (Industry) Tax Firm Tax Managers Tax Practitioners Tax Preparer Tax Professionals Tax Pros Young CPA