Posts tagged employee.
Employers that pay wages and other forms of compensation to their employees must comply with federal tax return filing and payment/deposit requirement. Employers that receive services from non-employee contractors and which make payments to these contractors must also separately report these payments. The IRS imposes penalties on employers who fail to timely meet their filing requirements, as well as penalties and interest for not making timely tax deposits and/or payments to the IRS.
- Penalties
Forms 941 and 940
- Subject to limited "reasonable cause" exceptions, the failure to ...
Posted in: Employment Tax, Federal Tax