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
Year-End Tax Planning for Mutual Funds
As the end of the year approaches, it’s a good time to review your financial situation and consider strategies for lowering your tax bill. Following are a couple year-end tax...
Do You Have Foreign Assets?
Proper planning is necessary to avoid unintended outcomes. You may live by the motto, “outta sight, outta mind,” but don’t apply that line of thinking when it comes to your...
Getting a divorce? Be aware of tax implications if you own a business
If you’re a business owner and you’re getting a divorce, tax issues can complicate matters. Your business ownership interest is one of your biggest personal assets and in many cases,...