When it comes to taxes, the biggest mistake you can make is neglecting to pay your payroll taxes. Penalties for failure to pay or delinquency in filing payroll tax returns are one of the most severe tax penalties. According to the government, if you aren’t paying your payroll taxes, you are stealing money that belongs to your employees.
Failure to comply with payroll tax laws can result in losing your business. The IRS takes an aggressive stance in pursuing these types of infractions and will not hesitate to seize your assets, auction off your property, and in the process, eliminate any means you may have to make a living for you and your family.
If you have fallen behind on your payroll taxes or have issues with your payroll taxes, it is critical that you seek the help of a professional who understands tax law and is familiar with how the IRS operates. The way your initial contact with the IRS is handled can make or break your chances of keeping your business up and running.
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If you are delinquent on your payroll taxes or need payroll tax protection, contact our office at (469) 567-3017 or fill out an appointment request form to speak with a member of our team and discuss our payroll tax protection services, today!