If your business receives an audit notice from the IRS regarding payroll tax compliance, don't panic. In this post I explain how the IRS conducts its payroll tax audits. Later posts will go into more details on what to expect and steps you can take to protect your business. While each audit … [Read more...]
IRS Payroll Tax Audits – How Does the IRS Select Employers for Audit?
Mention IRS audit and most people think of being summoned to an IRS office, toting a box of receipts, to justify their deductions on their 1040. IRS audits cover a wide range of tax returns to include payroll tax returns. Form 940 for federal unemployment taxes. Form 941/944 for federal income tax … [Read more...]