Failing to file and pay your payroll taxes is a sure way to get in big trouble with the IRS. The IRS will assess substantial penalties for this failure and in some cases will pursue criminal charges! Generally, if you don’t take immediate action to deal with your payroll tax problems, you will find yourself out of business. The bottom line is that unpaid payroll taxes can cause you to lose your business and possibly even your freedom.
The good news is that there is a solution and our firm has helped businesses permanently resolve their payroll tax problems and protect the future of their companies. The bad news is that the IRS is very aggressive in their collection attempts for past due payroll taxes. The IRS assigns a higher priority to collecting employment taxes than income taxes. Payroll taxes are considered a trust tax, which means it is the employer’s responsibility to collect federal withholding taxes and the employee’s portion of FICA and pass this on to the IRS. Because it is considered a trust tax, the IRS views nonpayment of payroll taxes as “theft” and the IRS notice process is accelerated.
- It is much more difficult to negotiate a tax settlement such as a long term installment agreement for
unpaid payroll taxes as the IRS does not really care if you business survives infact in mose cases they
would prefer that you shut down.
- Offer in Compromise settlements for payroll tax problems are also often rejected becasue the IRS
assumes that the business is worth more than the tax debt owed, and they use this as a reason to
reject the offer.
- To prevail in these Offers for payroll tax debts, the taxpayer needs representation by an expert who can analyze and effectively articulate the real value of the business, which includes taking into consideration all facts including any economic realities.
If you owe payroll taxes and intend to do it alone, without expert representation, against the IRS, you are way out of your league. You risk losing your business, having your assets seized and being personally liable! Its like going to court without a lawyer and representing yourself. This is only a good idea if you know the law. Do you? We do! Resolve your problems with delinquent payroll taxes and payroll tax penalities today! Get a free tax relief consultation or call 877-403-4108 for more information.

