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In order to improve the cash flow of the company, Neal Emerald decided to postpone depositing all employment taxes and 401(k) withheld from his employees

In order to improve the cash flow of the company, Neal Emerald decided to postpone depositing all employment taxes and 401(k) withheld from his employees as well as the employer payroll tax requirements as well. He told his sales manager, Ill pay up before the IRS catches up with me. What risks does Emerald face by not upholding his responsibility for the collection and payment of payroll withholdings and taxes?

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