Trend Results : Payroll Tax

Blog Post Results (1-20 of 2782)


Tax Roundup, 6/23/16: Twice around the world may be too much mileage for IRS. And: another Iowa payroll tax plea.

Driving yourself to an audit. A Tax Court case issued yesterday reminds us that claiming unrealistic vehicle expenses may attract IRS […]


JAW DROP: NYT WRITER UNSURE ‘IF’ HUGE PHILLY SODA TAX WILL BE PASSED ON TO CONSUMERS. Why, if only the desperately understaffed New York Times had a Nobel prize-winning economist on its payroll to fact check these sorts of stories…

Congress continues its stealth assault on Social Security's customer service

In fiscal terms, there’s no earthly reason for Congress to be stingy with Social Security’s administrative budget. The money comes out of workers’ payroll taxes and the system’s other revenue, not from the general treasury. And it’s spent with painstaking care: The Social Security Administration...

When Experts Get Stunned: Fed Tightening Cycle May Stimulate Inflation

The Federal Reserve's core guiding belief is that economic stimulus boosts economic growth, thus increasing employment opportunities, payrolls, tax revenues, corporate profits, retirement security and Wall Street wealth. In the context...Show More Summary

Is Social Security Really Running Short?

Social Security is a pay-as-you-go system, since payroll taxes collected from today’s workers mostly go to pay today’s retirees. But as the U.S.population ages, fewer young workers are paying into the system relative to rising numbers of ever-longer-lived retirees drawing benefits,according to this opinion piece by Olivia S. Mitchell, a [...]

Lunch Links: IRS Impeachment, State Tax Updates, and Why the California Teamsters Oppose Marijuana Legalization

Today is May 24, the date in 1937 when the Supreme Court upheld Social Security (and Social Security and unemployment insurance payroll taxes) in Helvering v. Davis and Steward Machine Co. v. Davis. In Helvering, the Court held 7 toShow More Summary

Tax Roundup, 5/11/16: Those who can’t do, coach. And: IRS sends bad payroll tax penalty notices.

Half of Tax Court is showing up. I’ve never used a “life coach.” A Tax Court case issued yesterday doesn’t make me […]

Customers of Payroll Giant ADP Hit By W-2 Hack

2 months agoTechnology : The Goods

Tax season might be over, but hackers are still stealing sensitive information from vulnerable companies.

Hackers attack ADP and steal tax forms and payroll data

Hackers managed to break through ADP’s firewalls and steel sensitive tax and salary information for employees at a dozen companies. ADP explained that fraudsters managed to siphon W-2 tax forms using a convenient online feature. The company won’t say when the cyber attack occurred or how many people had their income data exposed. Show More Summary

Right-to-Know Payroll Tax Reform

I met with a group of House Republicans last week to talk about tax reform. Ways and Means chairman Kevin Brady is laying the groundwork for a major tax restructuring next year, and so GOP members are boning up on reform ideas. I discussed income tax reforms with the members, including the creation of Universal Savings Accounts. Show More Summary

Integrating Our Way Toward Universal Health Care in America

Source: Consumerist Mike Magee Would you be willing to subject yourself to a 3.3% payroll tax (and your employer to a 6.7% payroll tax) to gain access to reliable simple universal health coverage – one that provided choice in and out...Show More Summary

Ted Strickland: Tax the wealthy to preserve Social Security

2 months agoUS Politics / Liberal : Daily Kos

Former Gov. Ted Strickland, and Democratic candidate for U.S. Senate in Ohio, has jumped on the bandwagon for protecting and strengthening Social Security and Medicare through the most obvious and simple solution—lifting the payrollShow More Summary

CEO Faces 5 Years For Spending $6.8M Withheld IRS Employment Taxes

Payroll taxes are serious, and withheld tax money belongs to the IRS, not the employer. Don't spend it, and don't divert it unless you are willing to go to jail.

Payroll Tax Violators Get Penalties Or Jail, And IRS Is Watching

All tax debts are serious, but employment tax debts are particularly so. Failing to pay withheld trust fund taxes from employee pay can draw large IRS penalties and even prosecution.

Phishing season in full swing as tax deadline looms

The IRS says it's seen a "surge" this year in phishing emails, with thieves baiting special hooks for payroll and human-resources workers in hopes of snagging a company's entire stash of employee Social Security numbers and other personal...Show More Summary

Stocks Are Vulnerable To Negative Jobs Number Surprise

Withholding tax collections for the nonfarm payrolls reference week including February 12 suggested that the headline number should be a huge miss. If that comes to pass, with the 13 week cycle and shorter term cycle up phases due to turn down, this should be a setup for a negative reaction to the news. Show More Summary

March arrives not as lion or lamb, but as a fish phish

The animal heralding March's arrival this tax-filing season is not a lion or a lamb, but a fish, or rather a phish. Yep, a new phishing scheme has emerged, with tax crooks trying out a new scheme that targets payroll and human resources professionals. Show More Summary

Penalty for late tax filing increases in 2017

Paying taxes isn't voluntary. That's why there's payroll withholding to take the money out of our wages before we get our checks. Don't pay your taxes or file late and you'll be hit with a tax penalty. But the Internal Revenue Service...Show More Summary

CEO E-Mail Scam Returns With A Special Tax Season Twist

We know that the above e-mail couldn’t be real for a few reasons: Consumerist doesn’t have our own payroll department, and Olivia is a cat. Yet there’s a new variation of the now-classic CEO scam, where someone impersonates your boss over e-mail and requests a massive wire transfer. In this version, the boss impersonator does exactly what Fake Meg …

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