IRS Payroll Tax Solutions
Dealing with the IRS in complex payroll tax issues requires the expertise of an experienced tax professional. CKTax has successfully negotiated on behalf of thousands of business owners ranging from the sole proprietorship to larger corporations, allowing the companies to continue to operate their business, while we negotiated on their behalf through either an Offer in Compromise or an installment agreement.
Payroll taxes (employer taxes) are taxes withheld from an employee’s check and also the FICA portion paid in by both the employee and employer. The IRS requires companies to deposit payroll taxes and file the quarterly forms (941 taxes) and yearly unemployment forms (940 taxes).
If an employer falls behind in doing this, the payroll taxes can mount up very quickly because of the steep penalties and interested associated with payroll taxes. Also, the trust fund recovery penalty which is the employee’s portion of FICA taxes withheld is assessed to anyone in a company or business responsible or should have been responsible for payroll.
A revenue officer is usually assigned to collect payroll tax as ACS cannot handle payroll taxes in excess of $10,000. They are usually very aggressive in their approach, as their responsibility is to collect the taxes regardless of the effect on the business or company. They also have the authority if deemed necessary to shut down the business or seize assets.
CKTax has successfully represented thousands of companies and employers. They have kept their companies and even flourished during the process. While we aggressively negotiated on their behalf, they never met with the IRS. Let our experience and track record go to work for you. Contact us today!
