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Everything posted by Lee B
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Business owner fails to pay $2.4 million in payroll taxes
Lee B replied to Lee B's topic in General Chat
It's because these cases have to be referred to the U S Attorney in their district for prosecution and then grind through our legal system. It's the same reason it takes so long to stop fraudulent tax preparers. The FBI is not going to arrest someone for violations like these. -
"Barry Lee White, a former business owner, has been sentenced to one year and 10 months in federal prison for willfully failing to pay more than $2.4 million in payroll taxes. White, who operated I-Bar Construction, Inc. and T-Line Construction, LLC., withheld over $1.8 million in payroll taxes from his employees between 2015 and 2018 but failed to remit the funds to the IRS. As the sole operator of the companies, White was responsible for collecting, accounting for, and paying payroll taxes, which included Social Security, Medicare, and federal income taxes. In addition to the employee taxes, he failed to pay more than $600,000 for the employer’s portion of Social Security and federal unemployment taxes. White pled guilty to the charges on May 7 and was ordered to pay $2,499,473 in restitution. Following his prison term, he will serve three years of supervised release."
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Hmm, I would doublecheck the way that you set up your partners K 1 information
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Doesn't sound like SE income (loss) due to lack of services.
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Marie you post is too condensed and short on information for anyone to answer.
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Assisted living may or may not be deductible based on the facts and circumstances.
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NYS LLC created with my name and address on it
Lee B replied to schirallicpa's topic in General Chat
Certainly the NYS DOS has a 1 800 complaint line -
Oregon standard deductions are very low, so unless the taxpayers are renters, most taxpayers itemize.
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NYS LLC created with my name and address on it
Lee B replied to schirallicpa's topic in General Chat
Be sure to file your Beneficial Ownership Information with FINCEN -
It also applies to Bed & Breakfasts and potentially could apply to STRs depending on the additional services provided.
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I finally got it set up so that I can call directly using my computer's microphone and speaker. Took me awhile to figure it out. Pretty neat
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Need Help with Mailing - I am about to go postal!
Lee B replied to BulldogTom's topic in General Chat
Tom, this happened when you replied to the address in the FTB Notice received by your client? You could call the Tax Practitioner Hotline or have your client set up a MyFTB account and reply via your client's MyFTB account. -
When did your clients find out?
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Yes per mile is a loser, but I have never had a client who could do a decent job of keeping track of actual expenses
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Sounds like she did have employees previously, so the bill may in fact be legitimate? Time to ask questions. Ask for copies of payroll quarterlies and W 2s?
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That solution assumes the first SSN was legitimate. What if the second SSN was the only legitimate number?
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That scenario would end in out of control inflation like in Argentina! Unfortunately, our representatives are more concerned about getting reelected than doing what's best for the country
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I did some years ago and I just reported the employee's w-2 wages for the year with the new SSN. In the back of my mind, I wondered whether the first number was legitimate?
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The TCJA increased our National Debt by over $7 Trillion Dollars. I think dealing with QBI and PTET is more complicated than itemizing. I do agree that the 2106 was abused. Tax rates are going to have to go back up or our National Debt will go completely out of control!
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Abby, do you use Google Business Voice or the free Google Personal Voice or both?
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I would appreciate some feedback from anyone who uses Google Voice - Pros and Cons. Please be specific Thanks in Advance Lee
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I do live payroll and handle Workers Compensation Audits for my clients but I am in Oregon and coverage rules vary from state to state. Link to the New York Workers Compensation Board: https://www.wcb.ny.gov/content/main/coverage-requirements-wc/for-profit-business.jsp These bills could be related to earlier years when she did have other employees? The bills also could be related to work related injuries to employees when she did not have the WC coverage required by New York law? If you don't have experience in this area, you may want to tell your client that you don't have the expertise to deal with Workers Compensation.
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See Section C - Instructions for Form 8853 https://www.irs.gov/instructions/i8853#en_US_2023_publink24188ld0e1652
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Neither site requires your SSN The first site ask for First and Last Name plus your zip code. The second site asks for you First and Last Name plus your State and the year you were born. I did check 2 of of my 3 kids. One pops up and one did not.
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Huge Data Breach at National Public Data according to CNET: "According to an August statement from National Public Data -- a data broker that sells personal information to private investigators, consumer public record sites, human resources and staffing agencies -- "a third-party bad actor" hacked into the data and leaked the stolen information on the dark web. National Public Data obtained the information by scraping nonpublic sources without consent, according to a proposed class action lawsuit. " "Two online security companies have put up websites that let you check for free if your Social Security number is part of the stolen store of personal information: One is https://www.npdbreach.com/ from the online privacy company Atlas Privacy; the second is https://npd.pentester.com/ by the Pentester cybersecurity company. " According to these two websites, both my wife and my personal information were exposed in this hack. After the Oregon DMV was hacked back on June 1, 2023, I am really glad we froze our credit. Of course this hack is just now being announced when it happened 4 months ago!