Payroll tax problems are, by far, the most harshly enforced civil tax issue. The Internal Revenue Service views business owners who have not remitted their employee’s tax withholdings as having literally stolen from the United States Treasury. This is because even though the government did not receive the funds, they are still required to give your employees credit for the amounts withheld (but not remitted) from their paycheck.
Dollar-for-dollar, the IRS will enforce with significantly more effort on delinquent payroll taxes than it does on personal income taxes.
The issue for business owners with IRS or state payroll tax issues comes down to one thing: survival. Can I negotiate a resolution to this problem without the IRS padlocking my business? And can I negotiate a resolution that will not suffocate my cash flow or result in the seizure of my income-producing assets?
It’s possible, but it’s immensely difficult, and it’s a negotiation fraught with many possible wrong turns. If you approach the IRS with anything less than your A+++++ game to solve this, you risk losing everything you have built.
We have successfully represented clients in all arrays of payroll tax matters, including business taxpayers who have owed multi 7-figures in delinquent payroll taxes. If you are a business owner with delinquent payroll taxes who is committed to changing their ways (staying current on their taxes from now on) and who wants resolving this immediately, reach out to our office.