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.

talk-to-specialist-cpa-accounting
LATEST POSTS ON TAXES
Estate Planning and Business Succession Planning
The lines blur when a family business comes into play For many business owners, estate planning and succession planning go hand in hand. If you’re the owner of a closely...
The “Backdoor” Roth IRA Remains Open
The Roth IRA is an attractive savings vehicle, offering tax-free retirement income and other significant benefits. Unfortunately, income limitations prevent many people from contributing to these accounts. But even if...
Selling Your Home? Consider These Tax Implications
Spring and summer are the optimum seasons for selling a home. And interest rates are currently attractive, so buyers may be out in full force in your area. Freddie Mac...