Small business heads up — know your responsibility and consequences.
Excerpt: The case demonstrates that even those CFOs who do not sign the tax returns themselves may become liable for the signer’s failure or inability to pay taxes. In general, responsible corporate officers and counsel who willfully fail to pay payroll taxes become personally liable for the taxes. While many business owners are stuck paying corporate payroll taxes out of their own pockets, a few also wind up going to jail for their failures to pay
Read full article IRS payroll tax Jenkins Dialogue Diaspora Trust Fund Recovery Penalty. From CFO.com
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