A Guide to Paying Payroll Taxes to the IRS
  • October 18, 2018
  • admin
  • 0

When you set up and start a business, you have certain responsibilities as an employer, one of which is paying payroll taxes to the IRS. Every employer is required by law to withhold payroll and FICA taxes from the salary of the employees and pay to the IRS. Besides paying the taxes, employers need to report the taxes paid, and file a payroll tax return to avoid any misunderstanding or tax issues with the IRS. Continuing on the subject, in this blog post, we discuss all you need to know about payroll taxes.

Calculating Payroll Taxes

Payroll taxes, which are held in trust for the IRS and Social Security Administration, include:

  • Amounts you withhold from your employees’ salary for social security, income taxes, and Medicare
  • The same amount you withhold from employees that you must contribute for  Medicare and social security
  • Other taxes paid by you and not your employees, for workers compensation and unemployment funds To calculate the total amount you need to pay to the IRS, you need to add up all the taxes mentioned above.

Paying Payroll Taxes

Payroll taxes are to be paid fortnightly or monthly. The process of paying payroll taxes includes filing a return each quarter with the IRS on Form 941. The return should clearly indicate the amount you have collected for income tax payment and for Social Security and Medicare from employees, and the total amount owed for FICA that includes the your portion of the payroll tax. You must also clearly indicate the amounts you have deposited for the payroll taxes for which you are filing a return. Form 941 is complex, which is why you should always hire an IRS tax attorney to ensure seamless payment of payroll taxes.

Must Read: 4 Mistakes that Can Lead to a Major IRS Payroll Tax Problem

Need Help with Payroll Tax Problems? Speak with Us!

The information we have provided in the blog may not guarantee a successful negotiation with the IRS. If you are facing any problems with your payroll taxes or any other related issues with the IRS, only an experienced tax attorney from reputable firms such as Law Offices of Nick Nemeth can strengthen your case and come to a mutual settlement with the IRS. To schedule a free consultation with one of our experienced IRS tax attorneys, simply call (972) 426-2553 or fill out our contact form.

Please follow and like us:

What Our Clients Have to Say

Susan WilsonSusan Wilson
03:27 25 Jan 23
I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.
Sarah HowardSarah Howard
03:44 14 Nov 22
I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.
00:33 07 Aug 22
I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.
Spoilly GirlSpoilly Girl
23:49 03 Aug 22
The Nemeth Law team is exceptional. They treat their clients like a family member who is in crisis. They want you to get the best possible outcome. I really appreciate everything that they did for me. Jake and Ashley had the greatest role in my case and it all turned out for the best for me. Thank you Nick and team for easing my fears and getting me through the long process. I'm truly grateful.
Eddie WaltEddie Walt
19:44 12 Jul 22
During a time in which competent, professional service at a fair price seems to have disappeared, Mr. Nemeth and his team are a refreshing breath of fresh air.From my first phone call to the final settlement of our case with a non-responsive IRS, they under-promised, over-delivered and were in constant courteous contact to make sure we knew exactly what was happening and where we stood.I hope to never need their services again, but, should I receive another friendly letter from the IRS...I know who to call!
Quick Inquiry


    Enter the text you see above