The Internal Revenue Service is set to get an additional $80 billion and a big chunk of this will be spent upping their enforcement efforts. This means more penalties for rule breakers, but also more audits. While the IRS states that they do not intend to increase...
If you employ household workers such as nannies, caretakers, chefs, maids, private nurses and others, you may need to withhold payroll taxes. As an employer, you are not required to withhold federal income tax from your employees’ pay. The IRS does require that you...
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