June 2, 2014

Ministers housing allowance relate to self-employment tax?

Ministers are allowed certain tax breaks. One of the most important of these is a minister’s ability to avoid taxation on some or all of his […]
June 2, 2014

What is the ministers housing allowance?

Arguably, one of the first tax breaks for ministers dates back to Old Testament times. Genesis 47:26 reads, “So Joseph crafted a statute concerning Egypt that […]
March 25, 2014

When am I considered liable for company’s employment taxes

If you are considered a responsible person who acted willfully you may become personally liable to the IRS for the trust fund recovery penalty (A similar […]
March 25, 2014

What are the penalties for failure to pay employment taxes

Potential tax penalties can be civil or criminal. Most civil penalties are assessed in addition to any tax due. Civil penalties assessed for employment tax purposes […]
March 25, 2014

What is the trust fund recovery penalty?

The IRS requires employer’s to withhold income and employment taxes from their employee’s paychecks. These taxes are held in trust for the government and the employer […]
March 25, 2014

Failing to pay employment taxes after notice is given

After an employer initially fails to collect, account for, or pay employment taxes, the IRS may give issue Form 2841, Notice to Make Special Deposits of […]