Payroll Tax Representation

Payroll taxes are serious business to the IRS and other tax agencies. If you are delinquent on filing payroll tax forms or paying payroll taxes they will employ aggressive tactics to compel you to pay your taxes. These tactics could include levies against the assets of the business or even shutting the business down and selling off its assets to satisfy the taxes.

Additionally, regardless of whether a business is closed or still in operation or even it it has filed for bankruptcy protection, the IRS maintains the legal right to collect taxes. IRS Code Section 6672 goes so far as to hold former officers and directors of the business  personally liable for payroll taxes.

Severe penalties on payroll taxes can increase the tax liability exponentially in a very short amount of time which is why payroll tax representation is essential for any bueiness that is behind on paying or filing payroll taxes.

What are Payroll Taxes

Payroll taxes include the Medicare tax and Social Security tax withheld from the paychecks of the employees of a company. The Medicare taxes cover medical benefits for certain individuals who are 65 years of age or older while social secuirty taxes are supposed to provide general benefits for retired workers, disabled workers, and their dependents.

Employers withhold payroll taxes from the monies earned by employees and forward those withholdings to the IRS. Additionally, employers must contribute a portion of Social Security tax to the total amount submitted. Withholdings must be sent to the IRS along with the appropriate forms, including Form 941, Employer’s Quarterly Federal Tax Return, and Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return.

Help for Payroll Taxes

The IRS may assign a Revenue Officer to work on collecting payroll taxes. Businesses that fall behind on payroll taxes should not meet with the IRS without representation.

AmeriPride Tax Group represents taxpayers with payroll tax liabilities. We help business owners to deal with tax issues for payroll and other taxes and provide tools and a framework that make it easy for taxpayers to manage payroll tax obligations so that the business can remain in compliance with payroll tax regulations.

Contact one of our tax debt experts today at 1.888.265.3418 for a free consultation.