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
The 2018 Gift Tax Return Deadline is Almost Here
Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return...
Matters of Interest: When Are Interest Payments Deductible?
The Tax Cuts and Jobs Act (TCJA) has made a significant impact — both directly and indirectly — on the deductibility of interest expense. Here’s a quick review of where...
Vehicle-Expense Deduction Ins and Outs for Individual Taxpayers
It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs Act (TCJA) might reduce your deduction compared...