Negotiate Payroll Taxes

If you are a business owner with employees and fail to file and pay your IRS Payroll Taxes, it will not go unnoticed. The IRS requires that you withhold Federal Income Tax, Social Security and Medicare taxes from your employees’ wages. These IRS Payroll Taxes must be paid on a quarterly basis: April, June, September, and January 15th. Under certain circumstances, some small business owners may be eligible to file these taxes on an annual basis. Deposits can be made to the IRS electronically or by taking the deposit and required forms to a Federal Reserve Bank or other authorized financial institution. The IRS determines how often deposits are to be made and they update these requirements every year based on the annual payroll.

If you owe back IRS Payroll Taxes, the IRS can and will be very aggressive in its collection attempts. The penalties the IRS can assess to a liability can drastically increase the amount owed in a very short period of time. The failure to make timely deposits is a large portion of these penalties.

Not only does it place a business at risk, but you may be personally liable for any or all IRS Payroll Taxes owed. If the IRS determines the business cannot pay its past due taxes, they will then focus on any individuals who the IRS deems as responsible.

If you owe back IRS Payroll Taxes, you should Contact Community Tax Relief Immediately for Payroll Tax Representation  with a FREE Consultation!

Community Tax Relief may be able to help by designing a payment plan for those taxes as well as negotiating with the IRS to avoid a levy, lien, or the assessment of Trust Fund Recovery Penalties against each responsible party.