TAX GUY
© ERIC BARADAT/AFP via Getty Images
Small business owners can find themselves owing penalties to the IRS if they fail to pay payroll taxes. Here’s how to avoid that. (Photo by ERIC BARADAT/AFP via Getty Images)
The federal government considers some tax sins to be much worse than others. One egregious sin is failing to pay over federal income and employment taxes that have been withheld from employee paychecks. In the COVID-19 era, that can happen to a cash-strapped business. If it does, the IRS can assess the so-called 100% penalty against any responsible person.

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