IRS Accounting Jobs
May 24th, 2009
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Question: if your boss owes the IRS 400,000 in back taxes, should you stay employed on the job?
The IRS came demanding monies twice on the job, then finally froze the payroll account. Your employer paid all the employees in cash.
Answer: If your boss owes IRS $400,000 in back taxes, it means he is stealing from his employees by using their withheld taxes to finance his failing business. This is a big dollar case at the top of the food chain for IRS collection employees and a warning that it is time to abandon ship.
The penalties and interest that accumulate on unpaid payroll taxes are even higher than credit card finance charges. An employer who lets that much run up and thinks he can pay it off and is probably not going to be able to pull out of the hole. I recommend looking for a new job immediately because this guy is not going to be able to keep the doors open much longer.
If the business files a Chapter 11 Bankruptcy so that it (to use the standard jargon) can reorganize and become profitable, it most likely means that it will just run the bill up more before its final collapse. You will be better off being elsewhere.
Crisp in-laws admit to wire fraud
The father- and mother-in-law of disgraced former Bakersfield Realtor David Crisp have signed plea agreements with federal prosecutors admitting they are guilty of felony wire fraud and other charges, court documents available Thursday evening show. The memoranda filed in Fresno district court show that a package deal with accountant Kevin Sluga, 60, and his wife, Leslie Sluga, 57, also depends …
IRS TAX TIPS: CAREERS AT THE IRS (ASL, CAPTIONS & AUDIO))
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