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How small business owners can avoid penalties for unpaid federal payroll taxes

from MarketWatch

How small business owners can avoid penalties for unpaid federal payroll taxes MarketWatch The federal government considers some tax sins to be much worse than others. One egregious sin is failing to pay over federal income and employment taxes that have been withheld from employee paychecks. In the COVID-19 era, that can happen to a cash-strapped business. If it does, the IRS can assess the so-called 100% penalty against any responsible person. READ MORE

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