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By Michael S. Anderson of Anderson Tax Law logo for Arizona tax attorney Michael S. Anderson P.C.
  • Small Business Owner? Behind on Payroll Tax? You may be committing a Federal Crime.

    The Internal Revenue Code (IRC) at 26 U.S.C. Sect. 7202 makes the willful failure to collect, account for, and pay over employment tax a felony.  See 26 U.S.C. Sec. 7202. 26 U.S.C. Sect 7215 makes it a misdemeanor for simply failing to pay the money collected. Yes…it is a misdemeanor to collect FICA and Income…

  • My Company owes the IRS a substantial amount of Payroll Tax. Can the IRS take money from my personal account to pay it?

    Assuming that the business is a multi-member LLC or Corporation, it owes the Payroll Tax.  You don’t…at least not yet. As you know, the business withholds Social Security (FICA), Medicare and Income Tax from it’s Employees’ paychecks.  The business holds that money and adds some if it’s own to the pot.  It sends the entire…