Legal Question in Business Law in Florida
Tax Deductions
I didn't take out tax deductions from my employees taxes. are they going to get penalized? what do i need to do to correct the situation?
Asked on 2/09/08, 2:26 pm
1 Answer from Attorneys
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
Re: Tax Deductions
Yes, there might be a penalty. Also, there might be a penalty for you as well since you had the obligation to withhold taxes. Contact a tax lawyer to know what you need to do.
Answered on 2/09/08, 5:27 pm
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