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Tax withholding seen as target for IRS changes
Washington AP reports the IRS shifts focus to compel businesses to remit employee withholding taxes on time. Withholdings reach 154 billion in 1975 of 294 billion total taxes, amid rising delinquencies and penalties. Small to mid-sized firms, not large corporations, predominate in failures, prompting stricter enforcement and new repayment policies.
MENTIONED IN THIS ARTICLE
IRS
Washington
Internal Revenue Service
Stanley Skrrloff
Thomas L. Davis
IRS Collection Division
Kenneth E. Luke
Luke