Recognized IRS Payroll Tax Defense Lawyer in Cherry Hill, NJ Skillfully Assists Clients in Burlington County, Camden County, Gloucester County, and Throughout NJ To Resolve IRS Payroll Tax Matters
While there are several different types of tax, there is one type of tax that really garners the full attention of the Internal Revenue Service (IRS): the payroll tax. The IRS is committed to collecting unpaid payroll taxes and goes to great lengths to do so. If you find yourself in the midst of a payroll tax issue with the IRS, be sure you take it seriously. At The Law Offices of Michele Finizio, our experienced New Jersey IRS payroll tax attorney skillfully assists clients to successfully resolve payroll tax issues.
Facing a Tax Issue And Have Questions? We Can Help. Contact The Law Offices of Michele Finizio Today At 856-888-9059 Or Fill Our Our Convenient Online Contact Form For A Free Consultation About Your Case.
Experienced Attorney Is Dedicated To Protecting The Rights Of New Jersey Clients and Advocating On Their Behalf
Payroll tax is a percentage of an employee’s wages that is withheld by their employer. The employer then pays that tax to the government on behalf of the employee. Payroll tax is based on the wages, salaries, and tips that are paid to the employee. Federal payroll taxes are withdrawn from the employee’s salary and paid to the Internal Revenue Service (IRS). These taxes are used to fund specific programs such as Medicare and Social Security.
The IRS has broad power over payroll taxes and Congress allows the IRS to go after corporate officers, business owners, and others who may be responsible for withholding payroll taxes from an employee’s wages and paying the taxes. Owners of corporations and LLCs can be held personally liable if there are unpaid payroll taxes, with the IRS seizing their personal assets. The New Jersey IRS payroll tax attorney at The Law Offices of Michele Finizio protects your rights and advocates on your behalf; if you have questions about payroll taxes or have payroll tax issues, contact our office to arrange for a confidential consultation.
New Jersey Attorney Has In-Depth Knowledge Of Tax Laws Regarding Tax Withholdings
According to the New Jersey Division of Taxation, New Jersey employers are required to withhold New Jersey state income tax from their employees’ wages, with the exception of employees who are Pennsylvania residents. For the most part, employee compensation that is considered for federal income tax withholding is also subject to New Jersey income tax withholding. When calculating the amount of withholding for an employee’s compensation, employers should include the following:
- Salary
- Wages
- Tips
- Bonuses
- Commissions
- Fees
- Money paid for services rendered
- Compensation paid under a health insurance plan or an accident plan
- 401(k) contributions that exceed the federal limit
- Employee contributions to retirement plans not including a 401(k)
- Employee withdrawals from cafeteria plans
If an employer does not withhold payroll taxes, the IRS and state governments can hold the employer or business owner personally responsible for the tax that is owed.
Skilled Attorney At The Law Offices of Michele Finizio Helps New Jersey Clients With Payroll Tax Issues and Offers A Free, No-Obligation Consultation
The skilled New Jersey IRS payroll tax attorney at The Law Offices of Michele Finizio helps clients throughout South Jersey with a wide variety of payroll tax issues. The IRS aggressively pursues unpaid payroll taxes; don’t leave the outcome of your situation to chance.
The Law Offices of Michele Finizio offers a free, no-obligation consultation so you can get clear, straightforward answers to your payroll tax questions. Contact our office today to arrange for your complimentary consultation.
