Randolph Law Firm, P.C.

Tax Controversy Archives

Worker classification and its effect on employment tax obligations, P.2

Previously, we began looking at the issue of worker classification and its implications for employment tax obligations. As we noted last time, when the IRS finds that a business does not have a reasonable basis for classifying an employee a particular way, the business may be held responsible for employment taxes. In such cases, businesses may be able to settle with the IRS for a reduced tax rate or to obtain partial relief in exchange for reclassifying workers as employees for future tax periods.

Worker classification and its effect on employment tax obligations

For businesses, keeping up on tax obligations is a critical aspect of keeping afloat. Failure to remain in compliance with tax law can threaten a business’ solvency, while careful tax planning and payment of obligations can help a business increase its success.

Reality TV actor Mike Sorrentino pleads not guilty to tax fraud charges under new indictment

One of the unfortunate realities of being a celebrity is that when you get into legal trouble, word spreads quickly and your issues become widely known. To take just one of many possible examples of this, Mike Sorrentino—known as “The Situation” from his days on the series The Jersey Shore—is currently in the midst of a tax fraud case related to the wealth he accumulated during his time on the television show.

Cancelled debt and income taxes, part 1: Is a forgiven debt really income?

Forgiveness is of course an important religious and humanistic principle. In the Gospels, Jesus speaks of the need to forgive "seventy times seven." And cotemporary psychologists often counsel people on the importance of letting other peoples' past failings go.

Small businesses and payroll taxes, part 2: issues that can arise

In the first part of this post, we noted how, as the owner of a small business, you have a lot on your plate when it comes to payroll tax compliance. That is one reason why you may utilize a third-party provider to handle payroll services.

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