Naples & Fort Myers Payroll (941) Taxes Attorney

Payroll taxes are made up of income taxes and FICA withheld by the employer on behalf of the employee and held in trust before being sent to the IRS. If an employer fails to report and deposit the funds to the IRS in a timely fashion, serious problems will result. Payroll (941) Taxes are aggressively collected and penalized.

If you have Federal Employment and Payroll (941) Tax delinquencies, you can receive substantial penalties and interest, a seizure of your business and personal assets. When it comes to Federal Payroll (941) Tax laws, the IRS has more authority to collect what you owe, which means they can collect taxes from owners and corporate officers. Owners and/or corporate officers can even be personally liable even if the business is closed. This is known as the “100% Tax” due to the personal liability of individuals within the company. These types of taxes cannot be discharged through bankruptcy.

Payroll Tax Penalties
If you fail to pay the Payroll (941) Taxes, you could face a variety of penalty and interest charges including: a penalty for filing a late return or corporate report, a penalty for making a late deposit or not making one at all, and interest on the delinquent taxes and penalties.

If you owe Payroll (941) Taxes or Employee Withholding Tax, you need to resolve this tax debt quickly. The IRS taxes these types of taxes serious and will act aggressively to retrieve the debt.

You need to come up with a plan to remedy this situation or you could be headed down a terrible path. Contact Naples and Fort Myers IRS tax attorney Todd D. Babbitt today to help you get this under control and get in front of this issue quickly.  He will be on your side until these tax issues are resolved.