Payroll Tax Issues
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As a result, penalties for failing to pay your payroll taxes and filing your payroll tax returns late are much more severe than other types of penalties. They can drastically multiply the amount you owe quickly.
If you are behind on paying payroll taxes for your company, be cautious! The 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 accumulating more 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 IRS operates to protect yourself.