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)
- A Tax Court decision you’re going to hate:
Joint Returns Valid Despite Wife's Forged Signature- September 5, 2018
- Tax Reform in a Picture Format:
10 Major areas of tax reform via our infographic- August 31, 2018
- Hiring your child in your business:
It pays to keep it all in the family- August 10, 2018