This_Just_In
QUICK LINKS 
ARCHIVE

Missed an issue? New subscriber? Visit our  

news archive

 
NLOS_NEW_BRANDING
Join Our Mailing List

Top_Main_Article

IRS ADDRESSES PEO FAILURE TO PAY TAXES ON PRE-4/1/14 WAGES

  

Guidance has been issued by the IRS's Small Business/Self-Employed Division (SB/SE) to its Collection department employees regarding collecting taxes that were due to be paid, but were not paid, by a PEO with respect to wages paid before April 1, 2014. In cases where a PEO has failed to pay employment taxes prior to the deadline the IRS should attempt to identify the client(s) with the unpaid liabilities and assess the appropriate amount of employment taxes. Any corresponding tax liability previously assessed against the PEO is considered excessive in amount, or erroneously assessed, and must be decreased. Form 941-X or amended Form 940 must be submitted in order to remove the excessive or erroneously assessed tax of the client(s), along with separate forms prepared by IRS Collection. 

 

For more information or questions about this new guidance, please contact a member of the firm's National PEO Practice in Detroit 313 964 1040, Farmington Hills 248 355 1040, or Sterling Heights 586 254 1040 or visit us on the web at www.uhy-us.com.    

 

Back to top

Published by UHY LLP News.   

Copyright � 2013 UHY LLP. All rights reserved.

 

Our firm provides the information in this newsletter as tax information and general business or economic information or analysis for educational purposes, and none of the information contained herein is intended to serve as a solicitation of any service or product. This information does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisors. Before making any decision or taking any action, you should consult a professional advisor who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.    

 

UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of "UHY Advisors."  UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms.  UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. and UHY LLP are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. "UHY" is the brand name for the UHY international network. Any services described herein are provided by UHY Advisors and/or UHY LLP (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.