Businesses are required to pay quarterly and annual payroll taxes under Forms 940 and 941 of the IRS Code. If you neglect to pay these taxes, the IRS imposes very stiff penalties and interest. It may even close down the business if it is not able to repay the taxes due.
Tax debt on business payroll is one of the worst forms of debt because of the high fines and the sweeping powers of recovery given to the IRS. Fortunately, if you are ever involved in a case involving business payroll, we can help out by negotiating with the IRS on your behalf. Our professional assistance can prevent your business and personal assets from being seized.