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Tax Archives - DelCotto Law Group

Payroll Tax Liability of Business Owners

July 27, 2018
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By: Dean Langdon

As a business owner, you probably know you can be personally liable if federal employment taxes aren’t paid. But just being a business owner doesn’t mean you are automatically responsible.  For federal withholding taxes you must be a person who is required to […]

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Financial Crisis Just Ahead

Baby Boomers’ $66.7 Billion Debt Means the Student Loan Crisis is No Longer a Millennial Issue

By: Laura Day DelCotto, Esq.

I have written before in our blog on my perceptions of the coming “retirement crisis” facing Kentucky.  As taxpayers, we may finally be given a miniature step towards transparency if Senate Bill 3—a bill to disclose Kentucky legislators’ retirement benefits—passes.   However […]

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Personal Liability on Trust Fund Taxes

September 1, 2015
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Employers are obligated under the Internal Revenue Code (“IRC”) to withhold federal income and social security taxes from the wages of their employees, and to hold such taxes in trust for the United States. See 26 U.S.C. §§ 3102, 3402, 7501. These withheld sums, often referred to […]

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