Payroll Tax Problems: What Happens If You Owe the IRS?
What Are Payroll Taxes? Payroll taxes are employment taxes withheld from employees’ wages, including federal income tax, Social Security, and Medicare (FICA). Employers are responsible for withholding, reporting, and remitting these taxes to the IRS. Failing to pay payroll taxes is a serious issue, and the IRS treats it as theft of government funds. If […]