Archive for category Payroll
If you’re in business, you probably hate sending them out. As a taxpayer, you probably hate receiving 1099s. The only one that likes 1099s is the IRS. The IRS loves them because allows them to keep tabs on ordinary taxpayers, even while it audits less than 2% of all individual tax returns. The IRS matches [...]
Beginning in 2011, if you make your payroll tax liability deposits in any manner other than paying them with the quarterly return, you will be required to deposit them electronically through EFTPS. You will no longer be allowed to pay them at your bank with a coupon.