Client Alert: Employers Beware: The IRS Is Ramping Up Employment Tax Enforcement

Approximately 72% of all revenue collected by the IRS is from withheld employment taxes. As a result, the IRS has increased its focus on employment tax audits, recently reporting that there are 530,000 employment tax audits pending. Employers should understand the potential consequences of an employment tax audit and take steps to ensure they are properly prepared for an audit.