Jogeephus
Well-known member
I just received a notice that they are going to file a tax lien on my business because they have not received a quarterly report concerning the labor tax I have to pay for employing people. Since I have not fired anyone in the last 15 years since I am not an equal opportunity employer who hires workers comp miners my tax rate is 0.003% on the first $8500 paid out. If you do the math, this works out to $2.55 per head per year and this is paid in full by the end of the first quarter of each year. The rest of the year, all other income is not taxable - under this tax/fine. So even though I don't owe any money they are threatening to put a tax lien on my business.
Since my book keeper never received the forms and since the amount owed would have been ZERO, he did not see the importance of running down paperwork that was undboubtedly lost in the mail. The arrogant fart THOUGHT he had more important things to do with his time!
Oh well. I spoke to them and was informed that if I did not pay a $65 penalty they would record a tax lien at the courthouse on my business and in effect shut me down. (Recording fees at our courthouse is around $25) I politely explained to the nice lady that I thought this was unfair since this equates to a penalty of what the total taxes would be on an employee for 25 years. I explained to her that I knew she has heard the same old story about forms being lost in the mail but if she would look at my records she would see that we have never been late, never missed a payment, never had a claim and that maybe just maybe I'm telling the truth about not receiving the forms in the mail. Afterall, stranger things have happened. Of course, she wasn't in the position to waive the fees. I asked her what this money was used for and she explained it was to pay unemployment benefits to those who are out of work.
Ok, I can understand that but you know I have paid this tax for nearly 40 years and have never drawn a dime. Never even asked for it when I could have. Maybe I'm wrong. Maybe I'm cold hearted. Maybe I'm selfish. But it seems to me that just this once they could waive the penalty since I have done nothing but give, give, give and give only to receive NOTHING in return. But no can do. Am told I can appeal it which will take God knows how much time. Not going to do it! I think I will let the system win. I think I have learned to work within the system. So what I have decided to do is to pay the penalty and lay the book keeper off for a month or so. Hopefully he will have time to reflect on the error of his ways and and realize how important this paperwork truly is - even though there is nothing to report. (Oh, I talked to my attorney and I have every legal right to do this)
Since I've never been unemployed, I really don't know if it would be better to have them hold out the taxes on the $310 a week they will be paying me or not. Also, if they take the taxes out, will this qualify me for the unearned income tax credit?
I look forward to my time off and hope to get some quality time to reflect on the importance and wisdom of bureauracracy. I can already see that I can see some benefits of working within the system instead of just complaining against it.
Or should I be forgiving and not lay myself off?
Since my book keeper never received the forms and since the amount owed would have been ZERO, he did not see the importance of running down paperwork that was undboubtedly lost in the mail. The arrogant fart THOUGHT he had more important things to do with his time!
Oh well. I spoke to them and was informed that if I did not pay a $65 penalty they would record a tax lien at the courthouse on my business and in effect shut me down. (Recording fees at our courthouse is around $25) I politely explained to the nice lady that I thought this was unfair since this equates to a penalty of what the total taxes would be on an employee for 25 years. I explained to her that I knew she has heard the same old story about forms being lost in the mail but if she would look at my records she would see that we have never been late, never missed a payment, never had a claim and that maybe just maybe I'm telling the truth about not receiving the forms in the mail. Afterall, stranger things have happened. Of course, she wasn't in the position to waive the fees. I asked her what this money was used for and she explained it was to pay unemployment benefits to those who are out of work.
Ok, I can understand that but you know I have paid this tax for nearly 40 years and have never drawn a dime. Never even asked for it when I could have. Maybe I'm wrong. Maybe I'm cold hearted. Maybe I'm selfish. But it seems to me that just this once they could waive the penalty since I have done nothing but give, give, give and give only to receive NOTHING in return. But no can do. Am told I can appeal it which will take God knows how much time. Not going to do it! I think I will let the system win. I think I have learned to work within the system. So what I have decided to do is to pay the penalty and lay the book keeper off for a month or so. Hopefully he will have time to reflect on the error of his ways and and realize how important this paperwork truly is - even though there is nothing to report. (Oh, I talked to my attorney and I have every legal right to do this)
Since I've never been unemployed, I really don't know if it would be better to have them hold out the taxes on the $310 a week they will be paying me or not. Also, if they take the taxes out, will this qualify me for the unearned income tax credit?
I look forward to my time off and hope to get some quality time to reflect on the importance and wisdom of bureauracracy. I can already see that I can see some benefits of working within the system instead of just complaining against it.
Or should I be forgiving and not lay myself off?