The IRS penalty rates for failure to deposit taxes when due are as follows:
2% of the underdeposit if the failure is for not more than 5 days.
5% of the underdeposit if the failure is for more than 5 days but not more than 15 days.
10% of the underdeposit if the failure is for more than 15 days.
15% of the underdeposit if the taxes are not deposited on or before the earlier of:
10 days after the date of the first delinquency notice to the taxpayer or
the day on which notice and demand for immediate payment is given.
W-4 & I-9 REQUIREMENTS
As always, employers are required to obtain W-4s and I-9s from all employees at the time of hire. We also recommend that all employees complete new W-4s at the start of every calendar year. Below you will find links to the forms W-4 and I-9 for 2012.
