Failing to pay payroll taxes is a huge mistake and can lead to serious repercussions. The IRS looks at not paying your payroll taxes as stealing from your employees and you can probably imagine the IRS’s punishment for stealing.

If you find yourself in this situation, the penalties for not paying your payroll taxes can be more severe than any other IRS penalty. The IRS can increase the amount you owe times two quicker than you can come up with the money to pay.

The IRS can be very forceful and insistent if you fall behind on your company’s payroll taxes. They will stop at nothing to get what is owed, including taking hold of your assets, selling your material possessions and pushing you out of business.

It is not wise to negotiate on your own if you have fallen behind on your payroll taxes. If you want to stay in business, it may be in your best interest to have a professional who knows the ins and outs of working with the IRS on payroll matters.

If you’d like help resolving your Payroll Tax Problem(s), please call or complete the Request A Consultation form on the home page.