Payroll (941) Taxes and the IRS
Payroll (941) Taxes: The Most Aggressively Penalized Taxes
If you have unpaid Payroll (941) Taxes, seeking guidance from an Orlando IRS tax relief attorney may mean the difference between going out of business or not. Overdue Federal Employment and Payroll (941) Tax can quickly saddle your business with a greater problem involving the original debt as well as tremendous interest and penalties.
Those issued can equal the full amount of the original tax bill and may include:
- Penalty for filing a late corporate report or return
- Penalty for late payment or missed payment
- Interest on not only the delinquent taxes but also on the penalties
- Assessment of miscellaneous penalties that may not be specifically explained
Another intensely alarming aspect of this type of tax debt is that the law allows the IRS to seize your business as well as your personal assets in order to collect the amount owed. Owners and corporate officers are personally liable for these taxes even if the business is voluntarily or involuntarily closed and these taxes cannot be discharged with bankruptcy.
Orlando IRS Tax Relief Lawyer
If you are unable to pay your outstanding Payroll (941) Taxes, contact our firm immediately. The IRS will pursue these debts aggressively and you must have a strategic plan with which to settle the matter and avoid losing your business and personal property in the process.
We offer a free consultation so that you may learn how we can help you without any additional financial demands. Our legal team is dedicated to pursuing the best possible results in your given circumstances. When you are represented by our firm, you will receive the personalized attention you deserve. Your case will not be referred to a paralegal or secretary but will be taken care of by Attorney Brian Loughrin directly.
Contact an Orlando IRS tax relief attorney if your business finds itself owing Payroll (941) Taxes.
