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Fire and smoke damage is one of the worst damages a property can subject to. After fire has been controlled Cheap Presto Shoes , the clean up process is quite hectic and needs professionalism. In this article, we will discuss the proper cleanup process.


After a fire disaster, homeowners commonly want to know right away to what extent the fire has damaged their property. They want to see if there is anything left of their valuable possessions that are still salvageable. Understandably, fire victims want to immediately get into rebuilding and restoring their home and their lives. It may be tempting for property owners to go into the burn site area the instant it appears that the flames have died down. However, under no circumstances should anyone re-enter a fire-damaged property without the approval of the fire fighters first. Even if the fire seems to fully extinguished, flames can easily reignite with just a small gust of wind. The foundation holding up the property structure could be weak and crumbling after being damaged by the fire.


Fire Fighters

Employers often ask employees to designate the amount of tax withholdings for paychecks. Occasionally, employees will fail to withhold a sufficient amount in the eyes of the IRS. The IRS will then send a "lock-in" letter on the amount to be withheld. What's an employer to do?

Withholdings

Four taxes must be withheld from employee paychecks ? Medicare, Social Security, Federal Income and State Income tax. The Medicare tax is set at roughly 1.5 percent of salary while social security is set at 6.2 percent. The withholding for federal and state income tax, however, is subject to adjustments made by employees. The amount of tax required to be withheld by the IRS requires a calculation beyond the scope of this article, but you can look to the "Employer's Tax Guide" on the IRS web site.

If an employee claims excessive deductions that result in insufficient withholdings, the IRS may respond. The typical response is to send an employer a "lock-in" letter.

The lock-in letter tells the employer to increase the amount of withholding tax of the employee. The IRS will actually specify the maximum number of withholding exemptions the employee can claim. The more exemptions claimed, the less tax withheld in each paycheck. The IRS will also send a copy of the correspondence to the employee.

As an employer, you must comply with the IRS lock-in letter. The IRS will designate a specific compliance date. Better to have died a small child than fail to comply with the letter. Failure to comply will result in the tax liability transferring from the employee to the employer. The employer can also expect the unwanted attention of IRS auditors. In short, make absolutely sure you comply with the lock-in letter.

What should you do if you receive a lock-in letter, but the employee no longer works for you? You must send a written response to the IRS office listed in the correspondence. The