Could You be Personally Liable for Certain Unpaid Federal Taxes (IRS Tax Notice, May 2020)
Could You be Personally Liable for Certain Unpaid Federal Taxes (IRS Tax Notice, May 2020)

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If you are an employer, you must withhold federal income, social security (or railroad retirement), and Medicare taxes from your employees' wages or salaries. If you provide communication or air transportation services, you also may have to collect certain excise taxes from people who paid you for the services. (Get Publication 510 for more information on excise taxes.) These taxes are called trust fund taxes and must be paid to the Internal Revenue Service through electronic funds transfer of tax deposits or as payments made with the applicable returns

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  • Released: November 16, 2020
  • Author: Internal Revenue Service (IRS) Department of the Treasury
  • Rating: 5
  • Publisher: Ebook DIgital Agency
  • Total Page: 1024 pages
  • File Size: 3670 KB
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