If you are self-employed, have employees, and either do your own payroll or use a limited service from a payroll processing firm and currently owe payroll taxes, you MUST FILE OR PAY THOSE TAXES IMMEDIATELY! The IRS is very unforgiving on any unpaid taxes from a Trust fund.
If you have been ignoring these taxes or have been waiting to pay them or even file a return, the IRS (and State) might force your business to close and it could seize the business' assets to satisfy the debt. We can work with the IRS to make arrangements for you to pay these taxes as well as negotiate the penalties abatement. We can also advise your best ways of never get into this predicament in the future. This will also be a reason to provide to the IRS to show that whatever caused you to fall behind on your payroll tax payments has been resolved, resulting in a higher success rate in our negotiation.
If you would like to know your options, please contact us for a free consultation. Whether you retain our services or not, you will still have a clearer idea about what you need to do and the IRS' collection process.