Payroll Tax Problems: Why Immediate Action Is Critical

The IRS considers unpaid payroll taxes one of the most serious forms of tax delinquency. This is because a significant portion of payroll taxes comes from employee withholdings—money the government views as held in trust. Failing to remit these funds is regarded by the IRS as equivalent to misappropriating your employees’ money.

Severe Penalties and Aggressive Enforcement

The penalties for failing to pay payroll taxes or file payroll tax returns on time are significantly harsher than those for most other tax issues. These penalties can escalate rapidly, compounding your total liability in a matter of weeks or months.

If your business is behind on payroll taxes, you should be aware that:

• The IRS pursues these cases with extraordinary urgency.

• They will not hesitate to seize business assets, freeze bank accounts, or shut down operations to prevent further accrual of unpaid liabilities.

• They may sell your assets at auction and force closure of your business to recover the owed funds.

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Do Not Confront the IRS Alone

Meeting with the IRS without proper representation can be extremely risky. How you answer their questions—especially in an initial interview—can directly impact whether your business survives or is forced to shut down.

At PSA CPA, we understand how the IRS approaches payroll tax enforcement. Our team of experienced tax professionals will:

• Assess your payroll tax exposure

• Negotiate with the IRS on your behalf

• Develop a strategy to bring your business into compliance

• Protect your assets and minimize long-term damage

Let PSA CPA Help You Move Forward

If you’re facing payroll tax issues, don’t wait. Contact PSA CPA today for a confidential consultation. Our goal is to help you resolve your tax issues quickly, professionally, and in a way that preserves your ability to stay in business.