Resolving Payroll Tax Problems

Tax Attorney in Cerritos – Call (888) 235-5374

Business owners have their plates full essentially every hour of the day, every day of the week. With so many duties to fulfil and a company to run, it is understandable that some obligations could fall through the cracks. If payroll taxes are forgotten or left unfulfilled, though, the Internal Revenue Service (IRS) will not be so understanding.

Payroll taxes must be paid in full and on-time, or you could face the following penalties:

• Closure of your business until tax debt is paid
• Destruction of business’s reputation
• Federal charges for tax evasion
• Potential jail time or fines if convicted

Have you forgotten to collect payroll taxes, or have you encountered another serious issue with your company’s payroll taxes? Financial Recovery Law and our debt settlement lawyers in Cerritos can help you get your head above water again. We bring over 20 years of tax law experience to each case we manage, providing our clients the representation and confidence they need to make it through such a pressing time.

Overcoming Serious Payroll Tax Problems

As an employer of any size, you are expected to withhold employee wages for:

• Social Security
• Medicare
• Income taxes

Supplemental tax programs may also exist that you must include in your payroll taxes, generally dependent on your type of business and an employee’s categorization. Be sure to always check with a tax law attorney to see if you are withholding the right amount of payroll taxes.

One of the most common payroll tax problems is simply failing to withhold them. Another issue is withholding payroll taxes from employees but failing to pay the complete amount to the IRS. Sometimes there are problems with the necessary tax forms, including 941 returns and an Employer’s Annual Federal Unemployment Tax Return. No matter the complication, they can all lead to disastrous results for yourself and your business if not addressed readily.

Aggressive Advocacy Backed by Proven Results

The IRS is not going to be lenient or forgiving when it comes to trying to collect backed payroll taxes. You need to return with an impressive force of your own. By retaining the services of our Cerritos tax resolution attorneys, you put a fighting spirit in your corner that comes prepared with more than a decades’ worth of experience.