The penalties assessed on delinquent payroll tax deposits or filings can dramatically increase the total amount owed in a matter of months. Generally, if you don’t take immediate action to deal with a payroll tax issue, you will find yourself out of business.
How you answer the first five questions asked by the IRS may determine whether you stay in business or are liquidated by the IRS. If you owe payroll taxes and intend to go it alone, without expert representation against the IRS, you are way out of your league. You WILL get creamed! It’s like going to court without a lawyer and representing yourself. This is only a good idea if you know the law. Do you? We do!!
When it comes to payroll tax debt, the IRS Revenue Officer has unyielding power and authority. They have the power to padlock your front doors, putting you out of business, without obtaining a court order. No other creditor in the world can do this. They can seize your machinery and equipment. They can contact your customers, and if your customers owe you any money, the IRS will intercept these funds through their powerful levying authority. Do you think your customers will want to do business with you after that? I don’t think so.