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
What Will Your Marginal Income Tax Rate Be?
While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025, some taxpayers could see their taxes go up due to reductions or eliminations...
2 Major Tax Law Changes for Individuals in 2019
While most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018 and either apply through 2025 or are permanent, there are two major changes under...
How is the IRS Affected by the Government Shutdown?
UPDATE: On Monday evening, the IRS confirmed that it will begin to process tax returns on January 28, 2019 and provide refunds to taxpayers as scheduled, despite the partial government...