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small business Archives - DelCotto Law Group

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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SARE, Single Asset Real Estate Debtor

Dare to SARE: Single Asset Real Estate Debtors

March 5, 2015
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Dare to SARE: Single Asset Real Estate Debtors

DEFINING “SARE’S”

The term “single asset real estate” is defined in 11 U.S.C. § 101(51B) as “real property constituting a single property or project, other than residential real property with fewer than 4 […]

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“I’m not paying payroll taxes”

December 11, 2014
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By Jamie L. Harris

One of the major common financial mistakes that I see business owners make is failure to pay employment taxes. As many businesses are facing limited cash flow, too often payroll taxes go unpaid as business owners opt to pay other debts. The payment of […]

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