my boss has been paying me with payroll checks. I find out he did not pay my taxes. He kept all my tax money.?
Any taxes that were withheld from your pay are treated for you as if he did pay them. Payroll withholdings and sales taxes are called "trust fund" taxes because as soon as a sale is made (sales tax) or a payroll check is due, the business is holding those taxes in trust for the government. If the business is a corporation and goes out of business, the IRS and the state will go after anybody who signed payroll checks. Any assets owned by your boss are eligible for the IRS and state to levy to force him to pay. You should hold onto all of your pay stubs. If you don't get a W-2, you will have to prepare Form 4852 based on that information and submit it with your tax return next year. If you do get a W-2 that reports the taxes withheld, then you just file that as though everything is okay. True story: A client's business (a corporation) had fallen behind in paying payroll taxes to the IRS. My boss (partner in CPA firm) spoke to her about filing and paying the current tax returns. He was trying to get her to understand how seriously the IRS takes payroll tax matters. CPA: Do you like your house? Client: Yes, Mr. Smith and I intend to retire there. CPA: Do you want to keep it? I hope this helps. Gary
by garyg7 - 4 hours ago
As long as your pay stubs reflect that taxes were withheld from your pay you have NOTHING to worry about. Verify the amounts against your W-2 when you receive it. If he failed to pay the taxes withheld over to the government and/or pay his payroll taxes, that's HIS problem, not yours. As long as you have evidence that the taxes were withheld from your pay you do NOT have a problem and do NOT need to take any action at this time. Just out of curiosity, how is it that you "know" that he didn't pay the taxes?
by Bash Limpbutt's Oozing Cyst© - 4 hours ago
Contact social security and let them know, they'll make sure he gets it right. I had to do this several years back also. And it takes no time at all. Bad company by the way. Find another job, I surely did.
by Hey Jude - 4 hours ago
Contact your state dept. of revenue and the IRS. The unfortunate side of your issue is that you are still responsible for paying all of your taxes even though your employer with held them. You may be able to sue for the tax money with held plus court and legal fees,collecting is another problem. Due to computer technology,the IRS changed the reporting and tax paying requirements for all companies except those that have only a few employees and do not use computers. The last I know of,all employers have to report at the end of each pay period or within 1 or 2 weeks of it. In the past,employers could keep the taxes collected in interest bearing accounts until they had to be paid. Even if your employer files bankruptcy,taxes cannot be discharged.
by Ralph T - 4 hours ago
if he has failed to file and report your earnings, withheld taxes etc, this is embezzlement and he is in trouble if you know for a fact that this is happening you can report him to IRS, but be sure you have your facts in order(not hearsay)
by tro - 4 hours ago
Call your state dept of labor asap. And hang onto your pay stubs!
by Judy - 4 hours ago
SUE HIS *** IF YOU CAN PROVE IT OR TELL HIM TO GIVE YOU A RAISE BLACK MAIL HIS SORRY ***
by naruto - 4 hours ago
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