A Cardinal Sin to the IRS? Failing to Pay Payroll Taxes

Why? Because, according to the IRS, not paying your company's payroll taxes is tantamount to stealing your employees' money in the eyes of the IRS.

As a result, 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 can drastically multiply the amount you owe in a very short time.

The IRS Aggressively Pursues Payroll Payroll Tax Collection

The IRS is extremely aggressive when pursuing payroll tax collection. They will seize business assets, sell assets, and can force you to close your business if you are not paying payroll taxes.

If you are behind on your payroll taxes, DO NOT meet with the IRS on your own. How you answer their initial questions can determine whether you stay in business or not. It is critical you hire a professional representative who knows how the IRS operates.