The various States
IRS view failing to pay payroll taxes as the cardinal sin of tax delinquency
because a large portion of the payroll taxes are your employees' withholdings.
Not paying your company's payroll taxes is tantamount to stealing your
employees' money in the eyes of the IRS.
As
a result, penalties for failing to pay your payroll taxes and filing your
payroll tax returns on time are much more severe than other types of penalties.
They can drastically multiply the amount you owe in a very short time!
If
you are behind on paying payroll taxes for your company, WATCH OUT!!! The State IRS
is extremely aggressive pursuing collection of this type of tax. They would
rather seize your business assets, close you down, sell your assets at auction,
and put you out of business than allow you to continue amassing additional
payroll tax liabilities.If
you are behind on your payroll taxes, DO NOT meet with the IRS on your own. How
you answer their initial questions can determine whether you stay in business
or not. It is critical you hire a professional representative who knows how the State IRS operates.
Hillcrest Professionals provides these types of services to help businesses deal with Payroll tax problems.
For free Consultation call 08039286522 or email hillcrestpro@gmail.com
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