Employment audits can lead to severe civil penalties and even criminal charges against individuals if businesses do not comply with federal employment tax laws.
Washington, DC (PRWEB) September 25, 2012
The IRS’s National Research Program (NRP) is the first of its kind in 25 years and will place emphasis on worker classification, officer compensation, fringe benefits, and employee expense reimbursement. This initiative demonstrates the IRS’s further focus on attacking the underpayment of taxes by businesses and operates to ensure compliance by businesses and individuals.
Kevin E. Thorn, Managing Partner of Thorn Law Group, a law firm that specializes in representing individual taxpayers, businesses, partnerships and other entities throughout the Nation who are under civil and criminal audit by the IRS, states, “The IRS’s National Research Program is committed to bringing small and large businesses alike into compliance. Businesses as well as individual employers that are not currently in compliance are at risk of an audit.” Mr. Thorn further states, “Employment audits can lead to severe civil penalties and even criminal charges against individuals if businesses do not comply with federal employment tax laws.”
Among the taxes and penalties that could be assessed civilly, a business’s failure to comply with federal and state employment tax laws can lead to IRS liens or levies against business assets and even criminal charges against individuals responsible for the failure to pay employment taxes. Mr. Thorn urges businesses under or at risk for civil tax audit to contact an attorney experienced in employment tax matters before meeting with any IRS employee.
For additional information on the news that is the subject of this release, contact Kevin E. Thorn, Managing Partner of Thorn Law Group at 202-270-7273 or visit us at http://www.thorntaxlaw.com/.
About Thorn Law Group, PLLC: Thorn Law Group, PLLC is a law firm dedicated to helping clients resolve complicated tax problems.
Kevin E. Thorn
Managing Partner Thorn Law Group, PLLC