Category Archives: Payroll Taxes

Creative Math, IRS Style

Posted on September 4, 2024 by Russ

One of our clients made a mistake on his payroll tax deposits: He shorted the IRS $4,590. He realized his mistake, and immediately made a correcting payroll tax deposit (albeit late). There’s a penalty for this, and it’s 10% (based … Continue reading →

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Bozo Tax Tip #2: Withhold, but Don’t Remit, Your Employment Taxes!

Posted on April 11, 2024 by Russ

This Bozo Tax Tip—and do remember, these are things you really, really, really shouldn’t try—is aimed at the business owner who is having troubles. Business owners, unlike the federal government, can’t just print money. So let’s assume our hypothetical business … Continue reading →

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Bozo Tax Tip #7: Withhold, but Don’t Remit, Your Employment Taxes!

Posted on April 6, 2023 by Russ

This Bozo Tax Tip—and do remember, these are things you really, really, really shouldn’t try—is aimed at the business owner who is having troubles. Business owners, unlike the federal government, can’t just print money. So let’s assume our hypothetical business … Continue reading →

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The 2019 Tax Offender of the Year

Posted on December 31, 2019 by Russ

This year really went by fast, but unfortunately there’s no shortage of candidates for the Tax Offender of the Year award. As a reminder, to be considered for the Tax Offender of the Year award, the individual (or organization) must … Continue reading →

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Bozo Tax Tip #2: Who Needs to Pay Employment Taxes?!?

Posted on April 12, 2018 by Russ

This Bozo Tax Tip—and do remember, these are things you really, really, really shouldn’t try—is aimed at the business owner who is having troubles. Business owners, unlike the federal government, can’t just print money. So let’s assume our hypothetical business … Continue reading →

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What Portion of the Stipulation Didn’t You Read?

Posted on December 5, 2017 by Russ

A company owes withholding tax to the IRS. The case goes to Tax Court, where the issues are resolved, including a stipulated amount of withholding. Somehow the IRS forgets about the withholding. It then goes to a collection Appeals, where … Continue reading →

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Here’s a Step-by-Step Manual of How to Go to Prison for Taxes

Posted on July 30, 2017 by Russ

Do note that I absolutely, positively, do not recommend you follow the procedures done below. But if you want to go to ClubFed for a tax crime, it’s a superb illustration. You start a home health care business. (The business … Continue reading →

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Helping the Las Vegas Economy Isn’t a Good Excuse for Not Paying Employment Taxes

Posted on July 9, 2017 by Russ

I’m a resident of Las Vegas, so things that help the local economy are generally good. Of course, I have a bias: A good Nevada economy will help keep taxes down. Richard Tatum, Jr. of Houston helped the Las Vegas … Continue reading →

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If You Want to Get In Tax Trouble as a Business…

Posted on June 25, 2017 by Russ

…simply do not deposit your payroll taxes. As best as I can tell, the IRS investigates 100% of such violations. One Missouri business owner pleaded guilty last week to failing to pay the IRS more than $1.4 million in payroll … Continue reading →

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Bozo Tax Tip #9: Who Needs to Pay Employment Taxes?!?

Posted on April 3, 2017 by Russ

This Bozo Tax Tip—and do remember, these are things you really, really, really shouldn’t try—is aimed at the business owner who is having troubles. Business owners, unlike the federal government, can’t just print money. So let’s assume our hypothetical business … Continue reading →

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