Resolving Payroll Tax Issues
Author: Eric L Green
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
The number one reason why small businesses get into tax trouble is due to the failure to report and pay payroll taxes. Payroll tax liabilities are such a large part of the Tax Gap that the IRS has started a number of initiatives to deal with the non-compliance by employers. This program will cover the current IRS initiatives to deal with payroll tax issues, including the Trust Fund Recovery penalty and how the IRS will pursue responsible owners and employees of the business it believes is responsible for the unpaid payroll taxes. The program will also review how practitioners can help their client’s either avoid the Trust Fund Recovery Penalty or resolve the personal liability issues.
Publication Date: October 2020
Topics Covered
- Current IRS initiatives to deal with payroll tax issues
- Trust Fund Recovery Penalty
- How the IRS will pursue responsible owners and employees of the business it believes is responsible for the unpaid payroll taxes
- How practitioners can help their client's either avoid the Trust Fund Recovery Penalty or resolve the personal liability issues
Learning Objectives
- Identify the current IRS initiatives to deal with payroll tax issues
- Recognize the Trust Fund Recovery Penalty
- Identify how the IRS will pursue responsible owners and employees of the business it believes is responsible for the unpaid payroll taxes
- Recognize how practitioners can help their client's either avoid the Trust Fund Recovery Penalty or resolve the personal liability issues
- Describe true statements regarding trust funds
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
