Payroll/Employment Taxes Owed
Payroll/Employment taxes and unfiled returns are the IRS’s highest priority to collect. They will take swift enforcement actions (liens, levies, seizures) to collect them which could leave you financially ruined in no time at all. Being out of compliance with these taxes can destroy your business and ruin your personal finances very quickly!
Perhaps you have gotten behind on payroll taxes through an oversight or a temporary lack of funds. Whatever the reason, it is important to know that the IRS pays particular attention to small businesses that fall behind on their employees’ federal withholdings. If the IRS decides that your business has violated payroll tax rules it may come after your personal bank accounts and assets–even if your business files for bankruptcy protection. If you have received correspondence from the IRS about payroll issues, you need experienced representation now. Let our tax experts help you resolve your payroll tax issues so you will not need stress, and you can get back to running your business and making money.