Tax Refund Applied toward Payroll Taxes

If you fail to deposit your employees’ income tax withholdings and their share of FICA, you may be 100% personally liable for these taxes. Any personal income tax refund owed to you can be applied toward this obligation. One owner found this out the hard way when the IRS used her refund as an offset to these unpaid taxes 10 years after she failed to deposit them.


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