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=It all comes down to the one-on-one interviews by all parties involved and how the IRS agent will evaluate who will be held responsible. Your interview will be twisted around on you. If you willfully did not pay the taxes and had the ability to, yes you may be responsible. If you were the responsible one to pay payroll and knowingly avoided to pay your payroll taxes, yes you may be held responsible. If you're on the signature card at the bank but say you never even wrote a check, my situation, you are responsible. I personally was not aware of our company missing payments as I was not involved in those dealing and only work limited hours dealing with giving clients updates and never doing payroll but these loser are coming after me too. The idiots we have had to deal with in the Twin Cities are just horrible and our government better take a hard look at this issue because it is about to become a major one! I am making it my mission to be the advocate to all those out there who are innocently shot between the eyes by these scums of the earth! This is an absolute attack on innocent people with no remorse and the agents who knowingly do this should also have to suffer the consequences of their actions!!!=
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What is the journal entry for payroll tax?
Debit Payroll tax Expense Credit Payroll tax payable debit Payroll tax payable Credit Cash / bank
Payroll Tax Preparation?
form_title=Payroll Tax Preparation form_header=Get help with your payroll tax preparations from the experts. How far in advance do you prepare for your payroll tax? =_ Do you have last year's tax statements?= () Yes () No () Not Sure How many people on currently on your payroll?=_
Is sister responsible for deceased brother debt if no will and claims him as tax dependent?
It will depend on whether she was listed in the debt documents. In most cases the estate will be responsible and if there are not enough assets, the debt goes unpaid.
What example of a payroll tax?
Social security tax
Who is responsible for your tax debt after your death?
The estate is responsible for the tax debts of the deceased. That means before the estate can be settled, all debts, including taxes, have to be cleared. If there is not enough in the estate to cover them, they may not get paid.
Can the IRS levy a personal account because of a corporations tax debt?
For certain types of taxes yes. Payroll withholding, sales taxes, and all the other "trust fund" taxes - corporate officers and responsible parties are always personally responsible for.
If a dependent parent dies are the children responsible for the tax debt?
If a dependent parent dies then the estate will be responsible for their tax debt. If you are over their estate then you would have to ensure that the government gets their taxes.
What is the journal entry for payroll tax?
Debit Payroll tax Expense Credit Payroll tax payable debit Payroll tax payable Credit Cash / bank
Payroll Tax Preparation?
form_title=Payroll Tax Preparation form_header=Get help with your payroll tax preparations from the experts. How far in advance do you prepare for your payroll tax? =_ Do you have last year's tax statements?= () Yes () No () Not Sure How many people on currently on your payroll?=_
Is sister responsible for deceased brother debt if no will and claims him as tax dependent?
It will depend on whether she was listed in the debt documents. In most cases the estate will be responsible and if there are not enough assets, the debt goes unpaid.
The cost of debt is determined by taking the?
The estimated yield on new bond issues of the same risk times one minus the shareholder marginal tax rate.
You were just wondering if a Cosigner responsible for tax on a cancellation of debt for taxes1099C?
No, I don't think you would ever be responsible for their taxes. You may be liable for their debt though... agreeably a different matter.
What merit goods do the US government provide through a payroll tax?
Health care is a merit good the U.S. government provides through a payroll tax. Medicaid is paid for by a payroll tax.
What is the Payroll tax?
7.15
What example of a payroll tax?
Social security tax
What are payroll tax deductions?
Here's a link to a website that explains all about payroll tax deductions and how to handle them. http://taxes.about.com/od/payroll/qt/payroll_basics.htm
Who is responsible for your tax debt after your death?
The estate is responsible for the tax debts of the deceased. That means before the estate can be settled, all debts, including taxes, have to be cleared. If there is not enough in the estate to cover them, they may not get paid.
