Payroll Tax Problems

The worst thing that an employer can do is not pay the IRS the payroll taxes withheld from its employees’ wages. The IRS sees the nonpayment of payroll taxes as the most severe form of delinquency, because a large part of payroll taxes are the employees’ withholdings. The direct result of this is severe penalties being charged to the company, which can increase the amount that is owed significantly.

If the company is unable to pay back the taxes in a timely manner the responsible parties’ in the organization can be assessed personally and the IRS can go after the responsible parties personal assets. The IRS will assess the responsible parties the trust fund penalty if they feel that they were both willful and responsible. The IRS determines who they see as the responsible and willful party during an interview with the potentially responsible parties. It is imperative that you be represented by a professional that has an understanding of this process and may be able to mitigate an personal liability.

If you are behind on your payroll taxes you need to call Equity Search. The IRS is very aggressive when it comes to collecting past due taxes. When you owe payroll taxes you should never meet with the IRS alone. When they conduct their initial interview, how you answer their questions is critical. Equity Search knows what questions the IRS will ask and we can guide you to answer those questions correctly.