IRS Employment Tax Violation Could Land Man Behind Bars

Payroll mistakes can cost your business big time, get the help and expertise of the industry’s trusted accounting services from Sterling Accounting.

Don’t end up like one Texas business owner who is now in debt to the IRS for an alleged $18 million. “[Richard Floyd] Tatum withheld approximately $12 million in payroll taxes from March 2008 through December 2012, which he did not pay over to the IRS. Tatum also failed to pay $6 million of AMI’s contributing share of Social Security and Medicare taxes during the same quarters…” [ Read more here ]

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