Tax Law Blog

It is not uncommon for businesses struggling to pay their bills to fall behind on their payroll tax payments. Falling behind can create an array of financial and legal problems, however.

Today, I am sharing the article below posted from the United States Department of Justice that may hit home for some business owners. Don't forget that the IRS means business when it comes to tax fraud. If the IRS cannot secure your tax returns, it...

When you own a Cleveland business and pay employees, you must withhold federal payroll taxes. Payroll taxes include federal income taxes and social insurance taxes (paying for Social Security and Medicare). When these taxes are withheld from...

About an hour's drive straight south of Columbus, you will come to Chillicothe... Ohio's first capital. It's the home of the Majestic -- "America’s oldest continuously operating theater," its owner's claim -- which has hosted performances by Laurel...

April 15th has come and gone. If you are reading this, you have survived and are now very relieved. But for some of us, it was a bit like being on the Titanic. Some history buffs might recall that the great ship hit an iceberg just before midnight...

Federal and state governments have numerous programs that provide aid to retired, unemployed and disabled workers. Programs like Social Security, Social Security disability and Medicare are funded in part by employee payroll taxes. To ensure for the...

Generally, a business owner wants to avoid anything that could put their business’ success in danger. One of the things that can have major negative effects on a business’ financial health and future is tax problems.

Under the U.S. Tax Code, both employees and employers are required to pay certain taxes which are used to fund various government programs. These withholding taxes are deducted from an employee's paycheck and employers must report such withholdings...

We've previously discussed some of the red flag actions, or inactions, that are likely to get the IRS's attention. For small business owners, tax obligations are not only financially burdensome, but also confusing leading some to make costly tax...