IRS to Begin Contacting Employers with Late Payroll Tax Payments

Falling behind on payroll taxes? Expect a call from the IRS soon.

In a recent news release, the IRS announced its plans to launch a new initiative aimed at monitoring payroll deposit patterns. Employers that are falling behind on payments will receive a letter or automated phone message reminding them of their payroll tax responsibilities.

For more information on Employment Tax & Reporting due dates, visit the IRS website.

For questions about payroll reports or taxes, contact Paul Glantz, CPA at paul@launchconsultinginc.com

Highway Bill Gives IRS Power over Passports

Last week President Obama signed into law the Highway Bill, a five-year $305 billion law that will focus on improving highway and transit projects. Included in that law were two controversial provisions that didn’t receive as much press.Both these provisions were included as offsets that are expected to cover the infrastructure spending.

Aside from the IRS bringing back private debt collectors, the new law gives the State Department the power to deny or revoke the passport of individuals with unpaid disputed tax bills. The passport revocation would only occur after the IRS has issued a lien or levy. If you have a payment agreement set up with the IRS, don’t worry, you’re in the clear. As far as privatizing debt collectors, expect to see an increase in criminals posing as IRS agents or collection companies.

More information on the Highway Bill here .

If you have questions about safeguarding your personal information, be sure to check out these tips.

For additional questions on how this law may impact you, contact Paul Glantz, CPA at paul@launchconsultinginc.com