PayTech

Lignup Corporation ("Lignup") contracted with Pay-Tech Payroll Processing ("PayTech") in California to administer its payroll and employment tax obligations PayTech made a payment of $50,941.39 to the IRS on Lignup's behalf The payment was intended to be applied to 941 employment taxes The payment…

Lignup Corporation ("Lignup") contracted with Pay-Tech Payroll Processing ("PayTech") in California to administer its payroll and employment tax obligations PayTech made a payment of $50,941.39 to the IRS on Lignup's behalf The payment was intended to be applied to 941 employment taxes The payment made by PayTech was dishonored by the IRS An IRS transcript documents the IRS's dishonoring of the payment PayTech made a payment of $50,941 to the IRS on Lignup's behalf The payment was intended to be applied to 941 employment taxes for the first quarter of 2008 The payment made by PayTech was dishonored by the IRS An IRS transcript documents the IRS's dishonoring of the payment Throughout a lengthy series of correspondence between Lignup and PayTech PayTech attempted to cover up its misappropriation by continually asserting the funds were paid to the IRS when in fact they were not The sad conclusion is that Paytech kept and misappropriated the funds in a clear violation of a contractual agreement Potential customers be aware