Payroll Tax Problems
If you are behind in paying these taxes, WATCH OUT!!! The IRS considers not paying payroll taxes the largest cardinal sin out there. The reason - a major portion of payroll taxes consists of employee withholdings. By not paying these taxes the IRS considers it stealing from your employees and they take a very dim view of this. The IRS would rather seize your business assets, close you down, put you out of business, and sell your assets at auction. Payroll taxes, penalties, and interest follow you to your death even if they are company related. You really want to get this situation resolved right away. If you owe payroll taxes, NEVER meet with the IRS by yourself. The questions they ask you are designed to back you into a corner to make you a responsible party, you may not even own the business. You want to take care of these taxes by any of the IRS options available.