Payroll Tax Problems
What is a payroll tax problem
When a business has an issue with failing to pay or failing to file payroll taxes, the IRS does not take the situation lightly. The consequences tend to be much worse for businesses than individuals – with an increased possibility of levies and seizures.
First and foremost, it’s important to understand the specifics of this problem and what you can do to take care of it.
If your business is found guilty of tax evasion or tax fraud, there are certain actions that can be taken:
• Penalty: This is a fine assessed by the IRS when they find out about your failure to pay your taxes on time. It could range from $1,000 up to $100 million dollars!
• Losses: These include fines, penalties and interest charges that could increase your tax bill significantly.
• Seizure: This happens when the IRS takes control over all assets in your company in order to recoup unpaid taxes. This includes real estate as well as any other property owned by your company.
how can we help you deal with it
If your business is facing payroll tax problems, you need to develop a strategy for resolution as soon as possible.
The sooner we resolve the problem, the less likely it is that you’ll be subject to penalties and interest charges.
If you’re behind on your payroll taxes, the IRS is coming after you. They will seize your business assets and put you out of business—rather than let you continue amassing additional payroll tax liabilities.
It’s easy to be confused and scared by this message, but don’t panic! We’ve got your back. The best way to avoid getting caught in the crosshairs of the IRS is to hire a professional representative who knows how they operate.