Payroll Tax Problems

Not paying your company's payroll taxes is equal to stealing the money of your workers in the IRS' eyes.

Do not consult with the IRS on your own if you are late on your payroll taxes. Whether or not you remain in business will decide how you answer their initial questions. It is essential that you employ a competent representative who knows how the IRS works.

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Forgetting paying payroll taxes is a grave mistake

The IRS considers not paying payroll taxes as the cardinal sin of tax delinquency because your workers’ withholdings are a significant part of the payroll taxes you pay. As a result, fines are even more stringent than other forms of punishment for failing to pay your payroll taxes and filing your payroll tax returns on time. 

If you are late on paying the company’s payroll taxes, look out! The IRS is strongly proactive in seeking this kind of tax collection. Instead of allowing you to continue amassing additional payroll tax liabilities, they would instead seize your business assets, shut you down, sell your assets at auction, and put you out of business.

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