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Financial Planning / Tax Strategies


Subject:  Re: Social security and payroll tax witholding Date:  4/5/2013  11:10 AM
Author:  vkg Number:  118290 of 131788

“Employers who commit Employment Tax Fraud by failing to remit employment taxes are not only defrauding the United States government, they are creating financial havoc for their employees,”

In this case, W-2s and reporting to Social Security was done. When the fraud is more planned, statements for withholding are not given to employees and reporting to the government isn't done. It makes it difficult for the employee to prove withholding.

Many years ago, an acquaintance worked briefly for a small company. The owner was highly irate that she included the amount being withheld on the paycheck stubs. She prepared payroll checks, but for obvious reasons refused to accept responsibility or authorization for signing checks.
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