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In: Accounting

In order to improve the cash flow of the company, Neal Emerald decided to postpone depositing...

In order to improve the cash flow of the company, Neal Emerald decided to postpone depositing all employment taxes a few months ago. He told his sales manager "I'll pay up before the IRS catches up with me." What risks does Emerald face by not upholding his responsibility for the collection of payment of employment taxes?

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