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2007-12-12 12:28:01 · 3 answers · asked by gold luck! 2 in Business & Finance Taxes United States

So if where can i find moe info about that?

2007-12-12 12:36:46 · update #1

what happens if employers dont pay taxes? Are they audited by the IRS?

2007-12-12 12:42:21 · update #2

3 answers

Yes, employers pay payroll taxes on all of the payroll. Part of that is the taxes withheld from the employees' wages and part is the tax levied on the payroll itself.

If an employer doesn't pay them, the IRS will usually seize the business' assets as they take a VERY dim view on embezzlement of public trust fund monies. In my working lifetime, I've worked for two companies that were shuttered by the IRS for failure to pay payroll taxes. We came in in the morning to find the business padlocked and a IRS seizure notice pasted to the doors.

2007-12-12 13:45:22 · answer #1 · answered by Bostonian In MO 7 · 1 0

There are certain taxes that employers pay when they have employees. They pay for unemployment comp, workers comp, and pay a matching amount to what's deducted from the employees' paychecks for social security and medicare.

2007-12-12 20:33:31 · answer #2 · answered by Judy 7 · 1 0

try SBA.gov or irs.gov and look under business its in there i have seen it tells what employers have to do and file and such

2007-12-12 20:56:04 · answer #3 · answered by d s 3 · 0 0

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