Payroll Tax Resolution
Payroll taxes include 940 and 941 taxes which are federal income taxes withheld from employee’s wages and the FICA (Social Security and Medicare) taxes. FICA includes both the employee and employer contribution. The IRS will also assess the Trust Fund Recovery Penalty against anyone responsible for collecting, accounting and/or paying payroll taxes and willfully fails to collect or pay them. The Trust Fund Recovery Penalty is 100% of the amount withheld of the employee’s portion of federal income tax and FICA portion.
The IRS is very aggressive when collecting payroll taxes that have not been filed and/or paid. Most payroll tax cases are assigned to individual revenue officers. A revenue officer has the authority to seize assets and even shut the business down if they deem it necessary. Because of the steep penalties and interest, payroll taxes can easily mount up quickly.
The IRS has also recently stepped up its efforts to bring criminal charges against individuals that continue to incur payroll tax liabilities while operating the business.
We offer competent and professional representation. For over 16 years CKTax has successfully represented thousands of businesses and individuals with payroll tax issues. We will aggressively negotiate on your behalf while you continue to operate your company or business.
Experience You Can Trust.Client satisfaction is our highest priority. With over 16 years of successful results, thousands of satisfied clients, an "A+" rating with the Better Business Bureau, and acknowledgement as one of the most "respected" tax relief companies in the United States, our name and reputation speak for themselves. We are committed to excellence, integrity and personal service to every client.
If you need tax resolution quickly please request your FREE, no pressure, consultation by filling out our FREE Consultation Form or call us at 888-894-2005.