Payroll Tax Problems
Do you have payroll tax problems? Un-filed 941's
Did you get a letter from the IRS saying, "you owe payroll taxes? Levies, Liens?
Good, you have come to the right place. You say, "good?" yes good we will fight for you.
What are payroll taxes?
Payroll taxes are considered to be a trust fund tax. As a result, payroll tax problems are among the leading causes that can aggravate the IRS and prompt an investigation into your business. Many businesses are struggling to pay their employees and to be compounded with payroll tax, unemployment tax, and other it can be quite overwhelming.
Often times we will hear of a story where the owner of the business relied on the bookkeeper to report the payroll and tax, which was not completed. The owner usually will not know until they receive that dreaded notice from the IRS we are going to tax the owner of the business. If you have payroll tax problems and feel as though the IRS may be after your business or company, contact us immediately as the IRS will move quickly on these types of tax liabilities.
Penalties for Failure to Pay Your Payroll Taxes
If the IRS for some reason believes a business is trying to avoid taxes by failing to pay payroll taxes, not only will the IRS impose expensive penalties and interest fees, but the owner/owners could be charged with a federal crime. Unpaid payroll taxes, therefore, could cause a business owner to lose his or her freedom and could completely close down a business. This means that it should be an employer's primary responsibility to collect federal taxes and the employee portion of Federal Insurance Contributions Act tax and pass this money on to the IRS. Because it is considered a trust tax, the IRS views non-payment of payroll taxes as theft, and the IRS notice process will be accelerated.
If you are behind on your payroll taxes, DO NOT meet with the IRS on your own. How you answer their initial questions can determine whether you stay in business or not. It is critical you hire a professional representative who knows how the IRS operates.
We will file your 941, 940. 1099's W2's and all of your payroll needs, we will track your payroll with your software or ours which we use Quickbooks.