Payroll Tax Liability Lawyer Serving Central Florida

What You Need To Know

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Payroll Tax Liability

Any type of payroll tax violation can lead to serious consequences if you’re not careful. If you believe that you are already under investigation for a Florida payroll tax liability problem or have been charged with a crime, you need to consult with an experienced Florida tax attorney immediately. Failing to deposit Social Security taxes and withholding are some of the most common payroll tax violations that happen in the state of Florida.

You need an attorney who can help you understand your issue as well as to resolve it so that you can avoid the serious penalties that you may otherwise face. Many taxes are withheld from an employee’s paycheck and have to be turned over to the IRS promptly.

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Florida Payroll Liability: Payroll Size And Tax Deposit

Depending on payroll size, tax deposit could be required as soon as the day after the checks are cut and officially delivered to employees. Penalties and interest will begin to accrue if the deposits are not made in a timely fashion and these amounts could grow to exceed the amount of tax due overall. Business owners who are struggling to pay their bills and the payroll may neglect to make those payroll tax payments until the problem has gotten to the point of being unmanageable and requires the assistance of a Florida payroll tax violations attorney.

To make things even more complicated, you could be facing felony charges for failure to remit payroll taxes, in addition to criminal and civil penalties that compound very quickly. Help could be available if you reach out to get assistance from an experienced attorney as soon as possible. Payroll tax liability may be minimized in many cases if you understand the relevant regulations, IRS rules and procedures.

Disputing Tax Liability Calculations

You could dispute the calculation of the tax or the failure to remit the taxes could be the fault of an employee. This means the business owner may not be held personally responsible. You need the help of an attorney who has extensive experience helping business owners handle the payroll tax matters in a number of different ways including offers in compromise, installment agreements, short-term deferrals, or negotiating a release of payroll tax levies and federal tax liens.

Payroll taxes withheld from an employee are held in what is known as a constructive trust, which names the IRS as the beneficiary. The business owner other individual at the company is responsible for paying the tax could be held personally responsible with a penalty equal to 100% of the total taxes due in addition to interests. Worker classification is another common source of payroll tax disputes directly with the IRS.

Unemployment Taxes And Income Tax Withholding

Unemployment taxes and income tax withholding that could be required for employees are not required for independent contractors brought on by the business owner. It is important to understand the various laws that intersect and generate concerns and questions on the part of business owners. Consult with a knowledgeable Florida payroll tax violations attorney immediately to understand your rights as well as responsibilities.