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Employers are entitled to more responsibilities than we can think of. From managing the in-house activities to handling tax responsibilities, employers perform so many tasks to maintain the expected decorum. They have several payroll tax responsibilities to adhere to while managing intrinsic managerial tasks.  Of course, they are responsible for filling in employer taxes and getting along with their fellow workers. Employers with a team of employees under them are supposed to pay taxes according to the updated rules and regulations. As performed 941, payroll taxes for employers are pretty much straightforward. Handling a position holds you credible for taxes and following other responsibilities too. Employers are obligated to withhold taxes for FICA and Federal Income Tax agencies that depend on your location, industry, and the number of employees. Read Also: Everything You Must Know About Estate Tax Planning The Right Time to Deposit the Employment Task: Not just employers but employe

It is very common to find some people overlooking their tax deadlines and not paying taxes for the year. And we, as widely experienced tax attorney Rockville , have seen individuals who neglect their tax payments for two or more years due to various reasons. If you somehow are standing in this position, there’s bad as well as good news for you. The bad news is that unfortunately, you can go to jail for not paying taxes. The good news is that it can still be fixed easily. But you should understand one thing, you cannot go to jail if you don’t have money to pay your taxes.  What Can Get You in Jail It is a fact that the IRS never files criminal charges against a taxpayer just because he or she doesn’t have enough money to pay. It’s just that you pay much higher penalties while paying late than you pay the taxes on time. However, these things can get you in jail. 1. Tax evasion: Filing fraudulent returns is one of the tax evasion actions, and it can get you in prison for up to