Failing To Pay 941 Payroll Taxes

Here is a very cogent article at The Journal of Accountancy by Vani Murthy called “The consequences of willful failure to pay payroll taxes” whereby she relates in detailed manner how the IRS is becoming more and more focused on collecting payroll taxes. Included in the article are examples of business owners receiving prison sentences for not withholding payroll taxes. It is a very serious issue, one not to be taken lightly.