Employers are responsible to withhold, deposit, report and pay federal employment taxes for their employees. Employers facing cash flow crunches or shortages often turn to the withheld taxes as a source of business finance through either sloth, willful neglect, or the mistaken belief that they can catch up on the payments without penalty. These employers are seriously misinformed, and face harsh penalties including potential criminal liability, huge fines, and possible jail time. The penalty structure is draconian for the business, and the payment of these penalties may often leave the business in worse financial shape. To add insult to injury, often key employees of the business are individually assessed for millions of dollars in unpaid tax liability. These assessments may not be dischargeable in bankruptcy.
Articles and Publications
- Elizabeth J. McInturff, Esq. Named Top Attorney in Bethesda Magazine 2021
- Isabella Demougeot Speaks With Fox 45 | Vaccine Mandates in the Workplace
- Partner, Elizabeth J. McInturff, to Receive One of the 2021 Daily Record Leading Women Awards
- Should parental vaccination status matter in a custody determination? By: Elizabeth J. McInturff, Esq.
- Senior Litigation Associate at JD Katz, Isabella Demougeot, Interviewed on WBAL-TV
- Elizabeth J. McInturff, Esq.’s Column Featured in The Daily Record