In God We Trust, All Others Must Deposit With Us-Payroll Tax Trust Funds

Published: March 18, 2006, 1:11 a.m.

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\\nThis week we look at some issues revolving around payroll tax deposits, including the IRS and Social Security Administration recent caution about the use of payroll services to deposit taxes.\\n

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\\nThis week we look at a case that invovled the embezzlement of payroll tax deposits by a payroll service, where the IRS successfully argued that the employer still was liable for the unpaid taxes even though they had believed the payroll service had deposited the taxes\\n

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\\nAs well, we look at a case involving a shareholder who stumbled into a full trust fund penalty when he attempted to take back funds he had advanced the failing corporation when he discovered there were unpaid payroll taxes.\\n

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\\nThe materials for the podcast can be downloaded at \\n\\nhttp://edzollars.com/2006-03-18_Payroll.pdf.\\n

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\\nThis podcast is sponsored by Leimberg Information Services located on the web at \\n\\nhttp://www.leimbergservices.com.\\n

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