Posts Tagged ‘payroll tax debt’
Monday, January 10th, 2011
The money collected from payroll taxes by an employer should not go back into the business. These taxes are to be turned over to the government no later than three days after the pay date of the payroll checks. When a business fails to adhere to this, they are looking to get into deep trouble with the IRS. Payroll taxes are considered a “trust” tax and nonpayment of them is essentially
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Tags: avoiding employment taxes, failure to pay employee withholidng taxes, failure to pay taxes, free tax relief consultation, payroll tax debt, Payroll Taxes, tax evasion, tax resolution services
Posted in IRS Tax Cases, IRS Times and Inquirer, Payroll Tax Problems | No Comments »
Wednesday, September 30th, 2009
The IRS is mercilessly going after small business owners for payments of payroll taxes–even when the business may be struggling to keep its light on.
In these tough economic times, the IRS is not so much concerned with how a business may be staying afloat, but how the business will pay all of its payroll taxes on time–even if it means levying their customers/clients. If you are in a situation where
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Tags: Back Taxes, delinquent payroll taxes, IRS help, payroll tax debt, payroll tax penalties, Payroll Tax Problems, small business payroll taxes, tax attorney, tax help, tax help for payroll taxes, tax relief, unpaid payroll taxes
Posted in Back Taxes, Payroll Tax Problems, Seeking Professional Tax Help, Tax Problem FAQs | 1 Comment »
Wednesday, September 30th, 2009
Payroll tax problems can close a business overnight and lead to criminal sanctions including prison time. As the IRS grows increasingly aggressive in their collection attempts for past due payroll taxes, struggling business owners with delinquent payroll taxes need to know how to protect the future of their businesses.
Read on for the biggest mistakes small business owners make when dealing with payroll tax problems:
Ignoring potential payroll tax penalties. The stakes
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Tags: Back Taxes, delinquent payroll tax penalties, delinquent payroll taxes, IRS debt, payroll tax debt, payroll tax penalties, Payroll Tax Problems, small business payroll taxes, small business tax debt, tax attorney, tax help, unpaid payroll taxes
Posted in Back Taxes, Offers in Compromise, Payroll Tax Problems, Seeking Professional Tax Help, Tax Liens and Levies, Tax news and tips | 2 Comments »
Friday, January 2nd, 2009
I wanted to take a moment to mention some of our remarkable client success stories from 2008.
Matt C. owed the IRS nearly $40,000 in back taxes when he came to us. A year after he retained us, he won an Offer in Compromise settlement for $1,500. And when the negotiated settlement was paid, all of Matt C.’s federal tax liens were released.
We also helped a business owner whose payroll tax
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Tags: Back Taxes, delinquent taxes, failure to file, Identity Theft, IRS debt, irs problems, Michael Rozbruch, Offer in Compromise, payroll tax debt, tax debt, tax expert, tax liens, tax resolution
Posted in Seeking Professional Tax Help, Working with the IRS | 1 Comment »
Sunday, October 19th, 2008
When I was on Small Business Matters on blogtalkradio last week, I told host Regina McRae that 25% to 30% of my tax relief clients are small businesses with tax problems.
She asked a very good question that many small business owners often have: How do you distinguish between independent contractors and employees who are on your payroll? Or more importantly, how does the IRS determine that?
There’s a 20-point common law
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Tags: IRS tax advice, payroll tax debt, small business owners, tax expert, tax help
Posted in Tax news and tips | 2 Comments »
Tuesday, September 16th, 2008
When I appeared on the Wealth TV’s The Big Biz Show recently, I was asked to share a story about one of the biggest IRS problems we’ve helped resolve. I like sharing stories from our client files, not just to brag about TRS’s high tax help success rate, but more because it helps reinforce my message to people who are in trouble or behind in their taxes: There’s a solution
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Tags: big biz show, employment taxes, IRS problem solver, payroll tax debt, tax expert, tax help, tax resolution, trust fund recovery penalty, wealthTV
Posted in Expiration of the Collection Statute, IRS Tax Cases, Seeking Professional Tax Help, Tax Debt Help News | 6 Comments »
