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”.
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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)
- Should you be paying “your fair share”:
We destroy another tax myth with facts- March 20, 2019
- Cliff notes of the new tax law:
Our cheat sheet guide to tax reform- March 16, 2019
- March madness-tax humor:
Bracket can be in the eye of the beholder- March 10, 2019