Make Payroll Tax Issues Disappear

Unpaid payroll taxes are collected by the IRS through enforced collection. This includes levying the business’ assets to include bank accounts, vehicles, equipment, and even accounts receivable. A business may also be closed for not paying its payroll taxes. Should this occur, then the business owner becomes personally responsible for paying the back payroll taxes.

Many times when a business has financial problems the first thing that happens is that payroll returns are not filed in a timely matter and the payroll taxes go unpaid. While businesses may feel it is more important to pay other creditors in order to keep the doors open, this is not always the best decision. Not paying the IRS can have consequences that are much worse than not paying other creditors.

For example, interest and penalties will accrue, increasing the total amount due to the IRS. This only exacerbates the problem and more problems will result. This could include losing your home or vehicles, savings, and other bank accounts. Not paying payroll taxes can have huge consequences and you need to know your rights. Find out if you qualify for an offer in compromise or if you can make installment payments.

Professional Tax Care can help you get your payroll taxes under control and the IRS off your back. Contact us today because the longer you wait the bigger the problem will become. We can help you find the tax debt relief you need.