How to Avoid Payroll Embezzlement

Paying payroll taxes to Uncle Sam is no fun.

But you know what’s even worse? Having an embezzler steal that payroll tax money, forcing you to come up with that amount again and paying it to the IRS.

And after becoming a victim of theft, you know what’s really the cherry on top?

Paying the government a Trust Fund Recovery Assessment (known as the 100-percent penalty under tax code Section 6672).

Want to avoid nightmare problems like these? Take a minute and read my new article titled Tax Tips: Avoid This Super-Costly Mistake with Your Payroll Taxes.

Three ways our fact-filled article can help you:

1. We’ll tell you what happened to the victim, Ray Fouche. Mr. Fouche hired Manzoor Beg to help him with a payroll tax problem. One of several crimes committed by Mr. Beg involved altering the payroll checks payable to the IRS so they were payable to him. And that’s just for starters. We’ll explain the theft in detail when you read the full article.
2. We’ll tell you how the IRS handled the situation. Yes. They prosecuted Mr. Beg but still demanded payment from Mr. Fouche. The IRS’s position? “Show me the money!” The principle is, business owners have responsible-person status and are personally liable for the payment of payroll taxes and penalties. You’ll get the whole story when you read the full article.
3. We’ll show you how to avoid devastating problems. Simply log in to your IRS tax account to see if the IRS got your payroll tax money. That’s right. The IRS makes your tax payments available to you online with its Electronic Federal Tax Payment System (EFTPS). If you use an accountant or a payroll service for your payroll, you can see the payroll payments at the EFTPS site. This is a way to make certain that your payroll taxes have been paid to the government. All will be explained when you read the full article.