Payroll Tax Problems

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Payroll Tax Problems & Payroll Tax Relief Strategies

Let’s not dance around the main issue when it comes to this problem: If you are in business and want to stay in business and you have unpaid Payroll Taxes, you should call us without delay. Time is of the essence to keep your business going and open and the future of your company safe and sound. Without action, the IRS will lock your doors and go after your finances and personal assets. Please contact us today!

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Unpaid Payroll Taxes have become one of the primary causes of business failures and bankruptcies across the United States. An examination of the Payroll Tax history reveals that the problem of unpaid Payroll Taxes has been the downfall of many otherwise successful businesses. In addition, no matter the age of a Payroll Tax liability, unpaid Payroll Taxes are not dischargeable in a bankruptcy. Even if you business goes bankrupt, your IRS payroll debt remains in place…and for most of that debt you are now personally liable.

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In order to keep the doors open, you must find a solution to the Payroll Tax debt or the IRS will act quickly and put you out of business. When you ignore your Payroll Tax responsibilities as an employer and cut a few tax corners in order to save some money, the result becomes nothing less than catastrophic. The tolling of the bell is when you receive notices from the IRS informing you that the IRS has not received your 940 or 941 payroll items

So Peter Stephan has three questions to honestly ask you:
1)Is your company liable for unpaid Payroll Taxes?
2)Are you worried that your doors will be closed?
3)Would you like to keep your business going?

If you answered “Yes” to these questions, call us without delay, and we can help your company get back on track. If you wait too long, you can lose your rights to challenge the tax assessment.

We understand the necessary steps to take to foster a solution that is right for your business. Do not ever forget that the IRS is not your friend, and the job of an IRS Revenue officer is to achieve the highest payment possible when it comes to unpaid Payroll Taxes and the resulting penalties. You do not have to confront the battle for the future of your company like a lamb heading into a den of wolves. Instead, with tax expert Peter Stephan by your side and the trusted connections of the Tax Resolution Institute, you can be confident that the playing field is leveled. With us, your business will remain viable as we find an answer to the burden of your unpaid Payroll Taxes.

Here is what you should already know: As an employer (a self-employed individual, a partnership with employees or a corporation with employees), the IRS requires that you withhold Federal Income Tax, Social Security and Medicare taxes from your employees’ wages. These withholdings must then be deposited at a bank or electronically transferred to the IRS. If the business has employees with an active payroll, the business is required to file quarterly a Form 941, Employer’s Quarterly Federal Tax Return, and annually a Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return. 



IRS Payroll Taxes must be filed on a quarterly basis: March, June, September, and December. Under certain circumstances, small business owners may be eligible to file these taxes on an annual basis. The IRS determines how often deposits are to be made, and they update these requirements each year, based on your annual payroll. The IRS requirements in relation to Payroll Taxes are extensive and strict. Likewise, the penalties for unpaid Payroll Taxes are extreme and increase with shocking speed.

Beyond being aggressive in its collection attempts, the penalties the IRS can assess to for unpaid Payroll Taxes can drastically compound the amount you owe in a very short period of time. The failure to make timely deposits is a large portion of these penalties. If you are a business owner with employees and fail to file and pay your IRS Payroll Taxes, it will not slide under the rug and go unnoticed. In light of the current economic crisis, the IRS is paying even closer attention to Payroll Taxes. If you owe unpaid Payroll Taxes and you are worried that you are going to lose your business, please contact us immediately.

When you fail to pay Payroll Taxes to the IRS, you suddenly have to deal with the largest and most powerful collection agency in the world. In many Payroll Tax cases, the IRS employs what are defined as Cascading Penalties. A Cascading Penalty means that if you only missed a single Payroll Tax deposit, and then make all remaining deposits on time, the IRS still applies the next week’s deposit to the missed deposit and continues to apply payments going forward. Not only do you pay for the month you missed, but also you receive a fine that continues to increase until the amount is paid. Failure to file a return on time can incur penalties of 5% per month to a maximum of 25%. Add that to other penalties, along with the compounded interest and you have a tremendous tax debt that can bankrupt your company. You must realize that if immediate action is not taken to deal with an unpaid Payroll Taxes, you will find yourself out of business and in dire straits.

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We can’t help until you contact us. Click here to fill out our simple
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If you owe Payroll Taxes and intend to go it alone, without expert representation, you are way out of your league. If you ignore the problem of unpaid Payroll Taxes, it quickly will snowball out of control. Remember: If you wait too long, you can lose your rights to challenge the tax assessment. The IRS employs Enforced Collection when it comes to unpaid Payroll Taxes and unfilled payroll returns. Enforced Collection can include a levy on the assets of the business, including the accounts receivable, equipment, vehicles and all outside accounts. The IRS also closes business for non-payment of Payroll Taxes. If your business is closed or even files for bankruptcy protection, the IRS will look to you as the owner of the business for collection of the penalties, interest, taxes and trust funds. Yes, your private assets and finances will be under siege by the IRS until the trust fund has been recovered.

It is essential that you know about the IRS and its policy in regards to Trust Fund Recovery. Trust Funds are the money you withhold from your employee’s paycheck, which includes federal income tax and the employee’s share of FICA and Medicare. Congress passed the Trust Fund Recovery Penalty to encourage prompt payment of withheld and collected taxes. This Trust Fund Recovery law imposes a penalty on responsible third parties and is considered a civil penalty that only applies to collected taxes (like Social Security) and withholdings and does not apply to the employer’s portion of FICA, Medicare, 940 taxes or income taxes of the corporation. It is essential for you to know the absolute nature of the Trust Fund Recovery law. Although we have quoted the law in the Trust Fund Recovery section, we will quote it again because it is so crucial:

IRC Section 6672(a): Any person required to collect, truthfully account for, and pay over any tax imposed by this title who willfully fails to collect such a tax, or truthfully account for or pay over such tax, or willfully attempts in any manner to evade or defeat any such tax or the payment thereof, shall, in addition to other penalties provided by law, be liable to a penalty equal to the total amount of the tax evaded, or not collected, or not accounted for and paid over.

Among tax professionals, this is known as the 100% penalty. The penalty is assessed for the Trust Funds that have not been paid. If the IRS determines the business cannot pay it’s past due taxes, they shift the focus squarely on you. If you owe back IRS Payroll Taxes and are liable for the Trust Fund, Peter Stephan and the Tax Resolution Institute can help by implementing a strategy for paying those taxes. We will negotiate with the IRS so the doors to your business are not closed and your assets are not seized. But timeliness remains of the utmost importance so please do not wait any longer and contact us today.

Across the country, the IRS employs local Revenue Officers to work on collecting Payroll Taxes. In addition, these IRS Officers examine the current and past financial history of your business. Once the local Revenue Officers are given a case, they have complete power and authority. IRS Revenue Officers possess the power to padlock your office doors, putting you out of business, without obtaining a court order. If you are a florist and you have living flowers and plants, it does not matter. Your front door will be locked, the plants will die and the flowers will wither, and your business will be one step closer to bankruptcy. IRS Revenue Officers also have the power to seize your machinery and equipment as assets to be liquidated in order to pay off part of the tax debt and cover the trust fund penalty.

The IRS Revenue Officer is not your friend, and he has already heard every hard-luck story in the book. His main job is to obtain the back Payroll Taxes you and your company owe to the IRS. If his methodology threatens the future of your business, it is not important to him. In fact, the IRS Revenue Officer will often contact your customers in regards to possible debts owed your company. If your customers owe you money, the IRS will intercept these funds through their absolute levying authority. In addition, what is the chance that a customer or client will do business with you in the future after the IRS has contacted them about your unpaid Payroll Taxes? Will they ever be able to trust you and your business again?

Free Consultation!
We can’t help until you contact us. Click here to fill out our simple
Tax Resolution form

We help business owners understand and follow Payroll Tax rules and laws. You will be given detailed information regarding IRS requirements for employers. Once you are in compliance with Payroll Tax regulations, we help you find a resolution for the past due Payroll Taxes. Our goal is to keep your doors open and the profit of your business flowing. 

Please remember that there is no magic wand that you can wave, making the dire problem of unpaid Payroll Taxes go away. Contact us today, and we will help find you a resolution to your company’s payroll tax crisis – 800-401-5926.