News & Articles

Beware of a 100% Personal Liability Penalty

Posted on Mon, Oct 17, 2016

A "100% penalty" can be assessed against a responsible person when federal income tax and/or federal employment taxes are withheld from employee paychecks but aren't handed over to the government.

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Tags: Penalty, Tax Penalties, Taxes, Business Owner

3 Taxes People Love to Hate

Posted on Wed, Jul 27, 2016

Few people enjoy giving money to the IRS, but some types of taxes are viewed more unfavorably than others. Here are three worthy candidates vying for the title of most-hated tax.

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Tags: Affordable Care Act (ACA), Penalty, Health Insurance, Medicare, Taxes

Be Aware of the '100 Percent Penalty'

Posted on Mon, Oct 20, 2014

Perhaps the harshest penalty in the tax law is sometimes called the "100 percent penalty." If you are a "responsible" person in a company and you fail to remit federal taxes withheld from employees' paychecks to the federal government, you can be held personally liable for 100 percent of the unpaid amount.

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Tags: EHTC Article, Penalty, responsible person, employment taxes, IRS, Newsletter, Articles, Taxes