✉news BusinessBusiness first seen 1 d ago, last 23 h ago, peak #9
Kansas business owner sentenced for spending employee tax withholdings
Original: Kansas business owner sentenced for spending employee’s tax withholdings on cars, mansions and gambling
A Kansas business owner has been sentenced after diverting money withheld from employees' paychecks for taxes instead of passing it to the government. The funds were spent on cars, mansions and gambling, according to reports. The case has drawn attention to employer payroll tax fraud, which leaves workers on the hook for taxes that were never actually paid to the IRS.
Why now: The sentencing is a fresh, notable example of payroll tax fraud and misuse of employee money.
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