Unpaid Payroll Taxes: The Quickest Way to Prison

Overview:

Not withholding payroll taxes or failing to pay the proper payroll taxes is a crime. Unfortunately, many small business owners and tax professionals are unaware of the severe civil and criminal penalties. This presentation is for tax professionals who will be exposed to payroll tax problems. Every year the IRS puts in prison small business owners and responsible parties for employment tax crimes. This course will explain the perils of unpaid payroll taxes, how to identify potential criminal acts, and what tax professionals can do to protect themselves and their clients.

Why you should Attend:

After attending this presentation, you will be able to

• Identify the federal statutes requiring employers to withhold payroll taxes
• Define “responsible party” in federal tax statutes 
• Recall the civil and criminal penalties in employment taxes 
• Identify facts that create potential employment tax crimes

Areas Covered in the Session:

The major topics covered in this class include: 

• The role of IRS in prosecuting criminal employment tax violations 
• The federal statutes that require employers to withhold employee taxes 
• The definition of “responsible party” 
• The civil and criminal penalties for failing to comply with tax withholdings 
• The considerations by federal judges in sentencing

Who Will Benefit:

• CPAs
• Small Business Owners and Tax Professionals