Payroll Tax Problems
In their attempt to collect delinquent payroll taxes, the IRS can take quite an aggressive approach. Nearly all the amounts due on payroll tax returns are trust fund taxes, meaning they were collected from your employees. The penalties assessed on unpaid payroll tax deposits or unfiled payroll tax returns can be very steep for this reason. Because of these penalties, it does not take long for these amounts to increase to astronomical numbers.
When such a situation arises, we believe it is critical for you to be represented by a professional. During an encounter with the IRS, they will ask you a series of questions. How the first five questions are answered are critical in determining whether you stay in business, or have your business seized and liquidated by them. There can also be a penalty assessed against the person responsible for paying the taxes equal to the amount of unpaid taxes. It is our goal to work with you and provide a plan to pay these taxes, as well as negotiate a reduction of penalties, avoid bank account levies, and the seizure of assets.
“Contacted Charles for an IRS issue we had about a 941 payment problem. He worked hard to minimize the damage as it was an error on their part. After that he, and his firm, handled all of our business’s accounting needs for 5+ years. He setup and worked with our QuickBooks®, handled our payroll needs, bank and tax payments, and was nothing but professional. I would highly recommend him for any business or personal accounting needs you may have.”