The IRS considers failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes is your employees’ withholdings. Not compensating your company’s payroll taxes is tantamount to stealing your employees’ money in the eyes of the IRS.

As an outcome, penalties for failing to pay your payroll taxes and filing your payroll tax returns on time are much more severe than other types of penalties. They may drastically multiply the amount you owe in a very short time.

IRS would instead seize your business assets, close you down, sell your assets at auction, and put you out of business than allow you to continue amassing additional payroll tax liabilities if you are behind on paying payroll taxes for your company. It becomes critical for you to hire a professional representative who knows how the IRS operates.

Feel free to contact us and get a free consultation on how to resolve your payroll tax problems.