Payroll Tax Penalties
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.
Payroll tax penalties can drastically multiply the amount owed in a very short time. The IRS is extremely aggressive pursuing collection of this type of tax.
If you are behind on your payroll taxes, DO NOT meet with the IRS on your own. How you answer their initial questions can be very important to the process and the IRS’s collection approach. It is critical you hire a professional representative who knows how the IRS operates.
“I have been using the firm for many years and their work is always thorough and complete.”
– Anthony P.
Our specialists are all seasoned professionals who have years of experience working within your industry. Reach out to us today to schedule a consultation.
LATEST POSTS ON TAXES
5 Tax Planning Tips for Retirees
There’s a common misconception that, when you retire, your tax bills shrink, your tax returns become simpler and tax planning is a thing of the past. That may be true...
Can You Deduct Charitable Gifts on Your Tax Return?
Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills. But with the tax law changes that went into effect...
Is Your Small Business Eligible for Expanded Tax Benefits?
"Small" is bigger than ever Small businesses enjoy several tax advantages that may allow them to reduce their tax bills, defer taxes and simplify the reporting process. Until recently, federal...