The IRS views failing to pay payroll taxes as the cardinal
sin of tax delinquency because a large portion of the payroll
taxes are your employees' withholdings. Not paying your
company's payroll taxes is tantamount to stealing your
employees' money in the eyes of the IRS.
As a result, penalties for failing to pay your payroll taxes
and filing your payroll tax returns on time are much more severe
than other types of penalties. They can drastically multiply the
amount you owe in a very short time.
If you are behind on paying payroll taxes for your company,
WATCH OUT!!! The IRS is extremely aggressive pursuing collection
of this type of tax. They would rather seize your business assets,
close you down, sell your assets at auction, and put you out of
business than allow you to continue amassing additional payroll
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.
Get a Free Consultation on how to resolve your payroll
tax problems by completing the form below.