Small Business Owners:
Do You Have Payroll Tax Problems? If So, Then You MUST Read This Special Report to Protect Yourself and Your Business From the IRS!
It is difficult being a small business owner today: trying to pay your employees their paychecks every week and pay the IRS all those payroll taxes! Even when money is short, you pay the employees first. It is not only the natural thing to do, but it is the law! You need to take care of your employees, even if you have to skip paying yourself! Besides, if you do not pay them, they will quit and you will be forced to hire and train new people all the time. And who has the desire or time to do that?
If you owe Payroll Taxes, you are in danger of losing your business.
Your financial problems are irrelevant to the IRS.
They just want you to pay your Payroll Taxes on time!
The IRS does not consider any difficulties that businesses may have in paying payroll taxes. Financial problems do not excuse the failure to file and pay payroll taxes. The Great Recession, the closures of long-standing businesses, or the difficulties in collecting account receivables do not allow for the failure in paying payroll taxes.
Penalties for failing to file and pay your payroll taxes can overwhelm any small business owner. The IRS assesses penalties totaling 33% in just the first 16 days! And it does not stop there. The IRS adds interest on top of the penalties too. It is not uncommon that a payroll tax liability doubles in a short period of time. If you do not pay them or work out a payment plan, the IRS will seek collection actions against you and your business which can result in the closure of your business.
The IRS will collect Payroll Taxes using several different collection actions.
The IRS is the most aggressive collection agency on the planet. They have more authority than the President of the United States! And they have many methods to do whatever it takes to collect what is owed to them, including bank levies and liens against properties.
Everyone has been short on money at some time in their lifetime. Businesses have the same problem. It may have been a slow week, a customer’s check bounced, or any number of legitimate reasons that just prevented you from paying the IRS. Unfortunately, this situation can just “snow-ball” into an avalanche in a very short time.
You cannot just call the IRS and talk your way out of this situation. You need tax professionals.
A phone call to the IRS can actually be disastrous. You may say something that can actually make the situation worse. You may give them more information than they need or worse yet, give them information that they can use against you.
The IRS Has the Right to the Payroll Taxes You Collected from Your Employees!
Owing 941 payroll taxes is quite different from owing 1040 income taxes. It could turn into a criminal matter quickly. Why? Because the money you owe the IRS for payroll taxes has already been deducted from your employees’ paychecks for withholding purposes. It is not your money to begin with! The IRS has entrusted you to hold this amount, on behalf of your employees, and pay it over to the IRS when you file and deposit payroll taxes with them. The IRS views this as theft. The IRS gives your employees credit for the withholdings and fully expects you to pay this amount over to the IRS at the same time you pay your employees.
The Problem Can Get Personal!
The IRS can seek the money from not only your business, but from you personally as well. The IRS is a very special creditor since they do not need a court order to go after your personal assets. So your payroll tax problem can actually invade your personal life.
Professional Help is Available!
So let us recap:
1. Do not contact the IRS yourself. This may do more harm than good.
2. Do not ignore this serious situation.
3. Do contact an experienced, competent tax professional who can represent you.
Bullseye Tax Relief specializes in helping business owners like you with IRS Problems. First, we meet with you and go over your situation and the ways that we can help you. Best of all, our consultation is FREE!
Once you retain us, we begin to professionally resolve your tax problems with the IRS. We take over all communications from the IRS on your behalf. You do not have to speak with the IRS anymore. We do that for you. More importantly, the IRS is not allowed to talk to you once you signed our Power of Attorney! Not only can we protect you from the IRS harassing you, calling you, and showing up at your front door, we can get those penalties reduced and in some cases completely removed!
Do not delay until it is too LATE!
Get the peace of mind you and your family deserves.
Most importantly, do not wait until the IRS has seized your accounts, closed your business and added on penalties that add up to be more than the taxes you owe. You have the right to be represented by a third party. You have many rights you may not even know of. We know how to preserve your rights and be afforded protection.
Call our office today. Tell them you read this report and set up an appointment for a FREE Consultation so we can discuss the ways we can protect you and help you get your life back!
The Bullseye Tax Relief Team