Don't treat the IRS as your banker
April 4, 2013
When cash flow is tight, you may be tempted to pay your suppliers first and your payroll taxes last. Not only are the penalties for late payment of tax deposits sufficient to discourage this but the IRS will take steps to minimize the liability as quickly as possible. They also have an additional powerful weapon available to collect such taxes....
Tags: late payment of payroll taxespayroll tax liabilities