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Originally Posted by V_RocKs
One little tip: Make an LLC and keep your money in that account. They won't usually pull it from a business account because it has an EIN and not a SSN.
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An LLC is a good tip regardless, but I assure you, they will pull from a business account. Being an LLC means your personal account can never be levied.
Source: My business account is currently being levied because of a fuckup by Square Payroll in 2023.
https://x.com/joshmanders/status/1887280767039910361
Copy and paste for those who don't have X
Quote:
So here's the story about all this so far:
On Wednesday of last week my bank called me and told me that the IRS put a levy on the business account for $12,500, and the number of the IRS agent handling things.
I called the agent and they said the reason for the levy was because of no response to unpaid payroll taxes notices. I admit my mistake for not checking business mailing address enough, because I wasn't expecting anything there.
So the reason why I had unpaid payroll taxes for 2023 was because I started the year using Square in Q2, as that's when we setup payroll stuff, I used them for just Q2 and then moved to my own accountant for payroll in Q3.
IRS claims Q2 and Q3 taxes are not accounted for, but Q4 are. Accountant immediately remedied Q3 because he had access to that info, as all he had to do was tell Quickbooks about the levy and they escalated it internally due to the nature of the issue.
We then identified that Q2 was with Square and to access that info.
They claim that they paid the taxes but never filed because their system defaults to paying quarterly but filing annually, and since I left them for my own accountant in Q3, my accountant was the authorized person to handle taxes, and Square was unable to file, but claims paid still.
I asked why I wasn't notified of this 2 years ago, they claim they notified me. I asked how. They sent an email. That's it. Nothing in dashboard, no notifications internally, no "here's all emails we sent you, if you never received one" absolutely nothing except a "Action Needed" badge on a table field 4-5 clicks deep in payroll settings pages.
I was supposed to know purely from just an email and nothing more that my taxes were not being filed correctly by them. I never received this email btw. It either failed to deliver or went to spam where it was garbage collected.
When I was frustrated with all this I said the word fuck a few times, and also repeatedly asked to speak to someone who speaks English because I spelled my name and email multiple times and they could never spell it correctly thus were unable to access my account and help me.
I was told swearing was not "productive conversation" and asking to speak to someone who speaks English was "racist" and then after I finally was in to someone who could somewhat help me, I was told the information I needed was not possible to get. They have it, but it's not mine to request. This person also contradicted themselves many times and in a couple cases I had to explain how their own system works to them.
Ultimately, even after this gets resolved, we're probably going to look into what legal things we can do, because they did not take the severity of this seriously and constantly refused to help resolve a fuckup on their end over some of the stupidest reasoning ever.
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