Wouldn’t it be helpful with your company’s cash flow if you could just not remit the social security and medicare withholding taxes?
We don’t recommend this as a strategy but, according to the US Inspector General, it’s working pretty well for some Federal agencies.
These Federal agencies owe over 14 million of back payroll taxes and, as best as can be determined, IRS is doing nothing to collect them.
If your blood boils as much as mine over this, let’s “remember in November”.
Here’s the full report. Use our Twitter and Facebook buttons to share.
He is also a founding Board Member and Finance Director of the Fayette Pregnancy Resource Center and serves on the Board of the National Equal Rights Institute.
Latest posts by David Conley (see all)
- Tax Reform in picture format:
Our infographic explains 10 key elements of tax reform- November 9, 2018
- What happens when the heirs lose the Will?:
Here's what one family was forced to do.- September 25, 2018
- IRS Amnesty Program ends September 28!:
Non-reported foreign bank accounts will cost you dearly- September 24, 2018