payroll tax representation

PAYROLL TAX REPRESENTATION

If you own a business and you have failed to pay payroll taxes or file payroll tax returns, the IRS may levy assets of the business and may even shut down your business.

Regardless of whether of not the business is closed, still in operation or files for bankruptcy protection, the IRS will still have the legal capacity to collect the back taxes owed according to the IRS Code Section 6672.

Individual(s) responsible to collect trust funds will be held responsible for the unpaid payroll liabilities.

Please refer to Trust Fund Recovery Penalty for further details because you may be subjected to it.

You may be able to resolve your tax issues through various forms of tax relief: Offer in Compromise, Penalty Abatement, Installment Agreement etc.