Jump to content
ATX Community

Leaderboard

Popular Content

Showing content with the highest reputation on 07/30/2019 in all areas

  1. IR-2019-133, July 29, 2019 WASHINGTON — The Internal Revenue Service will conduct a webinar August 1 for employers and tax professionals focusing on employment and payroll taxes. Federal law requires most employers to withhold federal income taxes from their employees' wages. These taxes must be deposited, along with the employer and employee portion of Social Security and Medicare taxes, and reported to the IRS. Last year, the IRS processed over 30 million employment tax returns and collected over $1 trillion in employment taxes. The free 60-minute webinar is open to tax professionals, employers and anyone else interested in the topic. Tax pros can earn one continuing education credit. Subjects such as common mistakes, how employers can monitor and limit their risks, as well as options for delinquent businesses to repay back taxes will be discussed. The webinar will provide an overview of: Common employment/payroll tax mistakes businesses make Mitigating risks when using a third party to handle employment/payroll tax Tools and advice for employers on how to monitor their compliance and limit risks IRS help for businesses behind on their employment/payroll taxes IRS enforcement authority (liens, levies, seizures and criminal referrals) A live question and answer session will be included to help attendees understand how to best meet these obligations and stay compliant. The webinar will be Thursday, August 1, 2019, at 2 p.m. Eastern time. Interested participants can register online. The webinar will be offered with closed captioning for viewers who are deaf or hard of hearing. Questions before the webinar can be sent to: [email protected]. More information is available at Understanding Employment Taxes and Employment Taxes on IRS.gov. Archived webinars are available at www.irsvideos.gov. https://www.irs.gov/newsroom/august-1-irs-webinar-to-help-employers-tax-pros-understand-payroll-taxes
    3 points
  2. Mine was exposed but my wife's wasn't. I claimed my allotment last Thursday. I highly recommend you put a freeze on your credit reports. It takes a little while and may be an inconvenience if you need to open new credit but it is a really good idea and free. KEEP THE PIN THEY GIVE YOU to unfreeze later. It's highly unlikely your ID will be stolen if your credit accounts are frozen. Capital One Credit Cards was hacked and 100 million people had their information leaked. This is not going away anytime soon. Your data is likely >90% to be available for purchase on the dark webs.
    2 points
  3. Thanks for the tip, cbslee. I was unaware of this security breach, but just checked and WAS "impacted'. As far as I knew I always had "good credit"- can't speak for it now though. I kind of hate to check to see the damage, if any. You know, I once had a lawyer tell me that if he could land a class action suit, he'd "have it made" and now I know what he meant. I read the terms in your link and, if I understand it right, the "impactees" get $125 and/or free credit checks, 93 individuals who filed the suit get $2,500 each, and four lawyers get 77 million bucks. Anybody who thinks that's a tad one-sided is free to run down to Atlanta to a "Fairness Hearing" and object. But who could possibly complain?
    2 points
  4. In the spring I had three clients call me shocked at receiving the penalty for not making estimated payments. After I hound them for years to make payments, and nothing happens when they don't, as soon as I ease off, this is a priority for IRS. "Oh well, I'll make the estimated payments; I didn't know." Uh, yes. Yes, you did know. Sorry, that's not helpful; I just wanted to say it.
    1 point
×
×
  • Create New...