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IRS audit finds Butler County employees should have been paying taxes on perks |
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Written by Administrator
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Monday, 16 March 2009 10:03 |
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HAMILTON — Staring down the barrel of a potential $500,000 assessment for back taxes, Butler County Auditor Roger Reynolds said the county is drafting policies to make sure employees pay taxes on fringe benefits in the future. It's unclear why the county wasn't paying these taxes. Former deputy auditor Randy Groves said in 2007 county officials were unaware these items were taxable until shortly before an ongoing Internal Revenue Service audit began that year. That audit is wrapping up now, and is finding that county employees should have paid taxes on roughly $1.5 million for perks such as use of county cars, cell phones and uniforms. Since the county didn't report those perks as income, that bill may soon go to the county. Link: Read the article
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