You may have already heard that the IRS is planning to audit some 6,000 businesses (emphasizing companies who categorize their employees as independent contractors) in the upcoming years. The question is: are you ready for it?
It is estimated that companies underpay employment taxes by $14 billion each year. The IRS is selecting 2,000 companies at random each year for the next three years and putting their most experienced agents on
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Earlier this year, the Internal Revenue Service began employment tax audits of approximately 6,000 U.S. companies to provide statistical data for the National Research Program study of employment tax compliance. The IRS is also prioritizing the collection of unpaid employment taxes from both businesses big and small – and putting their most experienced agents on the task.
As the IRS is stepping up their increasingly aggressive collection efforts for unpaid payroll
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Because unpaid employment taxes/unpaid payroll taxes are considered trust taxes, these are the toughest IRS payment plans to negotiate. Collecting unpaid employment taxes/unpaid payroll taxes is a top priority for IRS. If you want business tax relief, you will need a tax attorney or Certified Tax Resolution Specialist to educate you on the best business tax relief solution for your specific situation.
It’s no secret that the Internal Revenue Service is
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Payroll tax is a topic that usually invokes a growl from small and large business owners alike – failure to keep up with payroll tax payments, as I’ve stated before, can be the “kiss of death” for many businesses. Having unpaid employment taxes/payroll taxes quickly results in IRS payroll tax penalties and suddenly your business is shut down, boarded up by the IRS and that’s the end of that. However,
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Whether you’d like to avoid the IRS, contact the IRS, settle with the IRS or just want to refer a friend, relative or client, Tax Resolution Services would love to hear from you.  Tax day – April 15th – is just around the corner and if you have issues with the IRS that you’d like to have ironed out, once and for all, it is time to pick up the
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Tax Resolution Services webpage about Payroll Tax Problems proclaims “The IRS is very aggressive in their collection attempts for past due payroll taxes.”  And that is the truth!  The New Hampshire businessman highlighted in the article below apparently thought he was above the law when he tried to evade payroll taxes by paying his employees in cash.  Maybe he thought he was doing his employees a favor by giving them their
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As stated on the Tax Resolution Services’ Payroll Tax Problems webpage, “Borrowing from payroll taxes is against the law and can land you in prison”.  Well, embezzling from payroll taxes will land you in prison, like this office manager from Illinois who embezzled from the employee benefit plan and failed to pay employment taxes.  She took a gamble that she wouldn’t get caught by the IRS and she lost!
An Illinois
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Need information on starting and keeping your own business? Join me and TRS President Brian Compton along with KFI’s Bill Handel on Saturday, February 27th for M.Y.O.B: Mind Your Own Business 2010 at Orange Coast College.
This event is FREE and open to the public!
Saturday, February 27,  2010 /9:00am to 2:00pm
Location: Orange Coast College (2701 Fairview Rd., Costa Mesa, CA)
Bill Handel will be on hand to provide marginal legal advice during
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I believe that some people evade taxes because they fear that the taxes, or back taxes, they owe will be more than they can handle.   As I’ve blogged about tax evasion over and over again, one can only get away with tax evasion for so long and eventually the IRS will catch up to you.  Then you are looking at prison time and a hefty fine.  Don’t be afraid of taxes.
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Running a small business can be challenging–there are a wide variety of tax-related hoops you must jump through in order to stay out of IRS tax trouble.
This past year in 2009, we’ve seen a lot of small business owners struggle with making IRS income tax payments along with payroll tax payments while keeping their doors open. As overwhelming as the tax obligations can become, do not be discouraged–if you educate
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I know this guy that got in a world of trouble with Payroll Tax Problems and I thought you might appreciate his story because I know how scary and overwhelming the IRS can be.  To hear Stuart’s personal account about how he accidentally landed in trouble with the IRS and how he got out of it, watch the video from TRS Files below.
Stuart works for the Insurance industry in Southern
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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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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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As the IRS continues its increasing aggression in tax collection efforts, business owners that are having trouble making ends meet need to be wary of getting mired in payroll tax problems.
In this economy, many businesses are struggling with cash flow–oftentimes, it’s not that the business owners want to intentionally skip on paying payroll taxes, it’s because they can’t afford to pay them while still keeping their business running.
The important thing
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With the recent surge in IRS enforcement, small businesses have become a major target for the government. The staggering annual $345 billion tax gap can be largely attributed to small business tax evasion; much of this has been because small businesses are difficult to enforce and many can manage to slip through the tax cracks by underreporting actual income.
Therefore, the IRS has shifted into high gears to catch and penalize
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