It's hard being a business owner today trying to pay your employees their paychecks every week and pay the IRS all those payroll taxes. Sometimes
when money is short, owners might pay the employees first and even skip paying themselves.
The IRS doesn't care if you can't pay your employees. They don't care if they put your employees out on the street. They don't care if you can't collect
your receivables. They don't care if one of your largest and best customers just went “belly-up." All they care about is this: you have money that belongs to them.
Here's the reality: Most business owners don't wake up in the morning saying, “I’m
not paying my payroll taxes." Instead, it can feel like a perfect storm. One week you're short of cash, or maybe business becomes slow or a customer’s check bounces.
There are a number of legitimate reasons people get behind or become unable to pay the IRS.
You're a good person. You figure you will make it up the next week. But then next week comes and goes, and you realize you still don’t have enough money to make that payroll tax deposit. The entire situation starts snowballing into an avalanche.
The IRS isn't interested in your personal story. They just want to collect.
When you call the IRS to explain your situation (after waiting on
hold for an hour to get through), they will focus that time on getting your personal and financial information. Why? Because that's the info they need to levy your bank accounts,
take your receivables and seize your property.
Owing 941 payroll taxes is a different animal than owing 1040 income taxes. It could turn into a criminal matter quickly.
Why? Because the money you owe them for payroll taxes has already been deducted from your employee’s paychecks for withholding purposes. It is not your money to begin with. The IRS looks at this as if you “stole” from them. The IRS gives your employees credit
for the withholdings and fully expects you to pay this amount over to the IRS at the
same time you pay your employees.
The smartest thing you can do to protect your business and family is to have someone represent you.
Certified tax resolution specialists deal with the IRS for a living. Not only can they protect you from the IRS calling and showing up at your door, but they may also be able to get those penalties reduced and, in some cases, completely removed!
Don't wait until the IRS has seized your accounts, closed your business, and piled on penalties that add up to being more than the taxes you owe. You have the right to be represented!
Remember, for every tax problem, there is a solution.
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