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Verification of Paid Payroll Taxes

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Question: 
Is there a way to verify if a business loan customer is paying payroll taxes?
Answer: 

The employer should be filing Form 940 (quarterly tax report for unemployment insurance) and Form 941 (quarterly federal tax return). Ask for current copies of both.

First published on BankersOnline.com 08/02/04

First published on 08/02/2004

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