Payroll Tax Problems
Glendale Tax Debt Attorney – (888) 722-4046
Are you facing considerable tax complications related to running your business and paying your employees? Payroll taxes are notorious for bringing complexities most business owners would rather not worry about, but they are also crucial to keeping a company healthy. Ignoring or putting off a payroll tax problem will accomplish nothing but getting the close attention of the Internal Revenue Service (IRS).
Your business is our priority here at RJB Law Offices. Our Glendale debt relief lawyers are well-known throughout Southern California for finding smart solutions to some of the biggest troubles involving the IRS, including payroll tax problems.
Payroll Tax Problems You Could Encounter
Every employer, regardless of size or affiliation, is subjected to three or more mandatory taxes they must imposes against the wages of their own employees. Social Security, Medicare, and income taxes are seen on the paychecks of just about everyone, but there could be more, depending on the details of an employee’s contract. If these payroll taxes are not correctly collected, there will be consequences imposed by the IRS that can send negative ripples into a business owner’s personal life and the life of their business.
If you do not pay attention to your payroll taxes, you could see the following issues:
- Failure to withhold correct payroll taxes
- Including no 941 return submittal form
- Not submitting Employer’s Annual Federal Unemployment Tax Return
- Paying only a portion of total payroll taxes
Penalties for withholding payroll taxes, whether intentional or not, can include locking down your business until further notice. The IRS can freeze your business’s accounts without any court order, giving them incredible control over the situation. You could also face federal charges for tax evasion or tax fraud, potentially ending in jail time.
You Can Set Things Right, We Can Help
Payroll tax problems hang a great deal in the balance, and there is only so much time to take action before the IRS bears down on you. Come to our tax lawyers in Glendale for necessary legal counsel and guidance as soon as you can to begin reinforcing your case and claims. We can explore multiple options to eliminate any risk of serious penalty afflicted you or your business.
Contact us today to schedule a free initial consultation with our attorneys.