Payroll Tax Relief
Protect your business and yourself from the serious consequences of unpaid payroll taxes.
The High Stakes of Business Payroll Taxes
The IRS considers unpaid payroll taxes (also known as 941 taxes) to be one of the most serious tax violations. This is because these funds include Social Security, Medicare, and federal income taxes withheld from employees' paychecks. The IRS views this as money held "in trust" for the government, and failing to remit it is seen as stealing from both your employees and the U.S. Treasury.
When a business falls behind on payroll taxes, the IRS can act swiftly and aggressively, potentially shutting down the business and even pursuing the owners and responsible individuals personally.
The Trust Fund Recovery Penalty (TFRP)
How We Help You Negotiate or Settle
Resolving payroll tax debt requires a dual strategy: one for the business and one to protect the individuals involved. Our team has extensive experience in this high-stakes area.
We first assess your business's financial health to determine if it can realistically become and stay compliant. We develop a strategy that protects both the business and you personally.
We negotiate with the IRS to establish a resolution, which could be an In-Business Installment Agreement, an Offer in Compromise, or other relief options for the business.
Our ultimate goal is to restore your business to good standing. We ensure all unfiled payroll returns are submitted and help you set up procedures to stay current on all future tax deposits.
Emphasizing Compliance Restoration
The IRS will not agree to any resolution plan unless they are confident that the business can remain compliant going forward. A key part of our service is helping you implement procedures to ensure that all future payroll tax deposits and filings are made on time. This demonstrates to the IRS that the problem will not recur and is essential for securing a favorable settlement.
If your business is behind on payroll taxes, it is critical to seek professional help immediately. The longer you wait, the more penalties and interest accrue, and the greater the risk to your business and personal assets. Contact us today for a confidential business tax consultation.
Ready to Solve Your Tax Problems?
Don't wait another day. Contact our expert team now for a free, confidential consultation and take the first step towards financial peace of mind.