How Payroll Tax Problems Work
If you currently run or own a company with staff and owe 941 or Employee Withholding Tax, then you need to immediately resolve your tax issue! When it comes to these types of taxes, the IRS is the most aggressive. You place your wages, properties, and company credibility at risk if payroll taxes are not charged.
If these taxes (Payroll Tax 940/941) are ignored long enough, the company will be forced to close and all assets may be confiscated in order to satisfy the debt. You have to make arrangements to pay the taxes, regardless of whether the company is closed. The IRS will not be deterred and your personal finances are at risk by not paying or making arrangements.
How We Can Help
In order to protect the future of your business, it is necessary to address payroll tax debt issues quickly if you owe taxes on delinquent payroll and employment taxes. The IRS prioritizes collecting employment taxes over income taxes, so the sooner it’s dealt with, the better.
Our tax experts specializing in payroll tax problems will be able to address the options available and the best course of action. Clergy Tax Resolution can help you.
Not sure which solution is right for you?