Payroll Tax Train-Wreck: Resolving Your Clients Payroll Tax Nightmare

Authored by Eric Green
About this Course
Topics covered include: The 'Tax Gap'; Assessment and Collection procedures against the business; The IRC Section 6672 Trust Fund Recovery Penalty; Third-Party Liability under IRC Section 3505; The procedure for IRS assessment of and collection against responsible individuals; Strategies for minimizing personal liability; Options for resolving outstanding payroll tax liabilities; Criminal Tax Aspects of Unpaid Payroll Taxes. Upon completing this course, you should be able to: Describe and outline the steps to resolving payroll liabilities; Identify the trust tax concepts of personal liability for responsible parties; Recognize and apply a strategy for getting a payroll tax client current and compliant; Identify the penalty for failure to deposit if the deposit is not made within 10 days after the first delinquency notice; Differentiate statements with respect to payroll taxes; Describe trust funds; Recognize types of responsibility alone is insufficient to establish responsible person status; Differentiate court cases and how they apply to clients; Describe employment tax prosecutions; Identify how to determine who is responsible; Differentiate IRC Sections.
$ 48.00
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NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
2.0
Prerequisites
A basic understanding of payroll taxes and IRS procedures.
Last Updated
10/02/2018
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