Biggest Mistakes Small Businesses Make in Providence, RI When Faced With Delinquent Payroll Taxes and IRS Penalties

Metro Area- Providence-New Bedford-Fall River, RI-MA MSA

If you have a small business in Providence, New Bedford or Fall River, you need to know the biggest mistakes that small businesses make in these areas when faced with delinquent 941 payroll taxes and IRS penalties.

If you owe delinquent payroll taxes, contact a tax expert

If you owe delinquent 941 payroll taxes, then you should immediately contact a tax relief expert such as an IRS licensed enrolled agent, instead of contacting the IRS yourself. Before talking to the IRS, it is necessary that you consult with your expert tax representative and devise a plan to handle your delinquent payroll taxes and IRS penalties.

The IRS can simply destroy your business if you have delinquent payroll taxes with its many other weapons like penalties, interest on delinquent taxes, bank levies, accounts receivable levies etc. You need professional help to fight the IRS and save your business and yourself.

Only Circular 230 licensed power of attorneys such as Enrolled Agents, Tax Attorneys, or CPAs would be able to resolve your 941 payroll tax problems, by negotiating successfully with the IRS. We will guide you through the necessary steps to resolve your tax matters and save your business from the long arm of the IRS. Call us today at 877-788-2937.

Payroll tax debt should not be taken lightly

You can never take unpaid payroll tax debt lightly. The IRS can place levies on your bank accounts, accounts receivable, and other assets which will create a serious financial problem for you and your business and will cause your business to quickly shut down. Payroll tax problems are also known as the “kiss of death” for many businesses.

IRS penalties and delinquent 941 payroll taxes can result in about 33% besides interest in just 16 days after you have filed your 941 (payroll tax return) past the due date. Think about the amount if you don't pay the payroll taxes. The delinquent 941 payroll taxes and the IRS penalties for them can result in such a huge amount that you will not be able to pay it anyhow.

The IRS can seize your bank accounts, your machinery and equipment, your other assets, other income sources etc. which will cause your business to quickly shut down. One very important point is, you could also be held personally liable and you may end up criminally charged if you ignore your tax problems.

Don’t waste any time

Never waste any time and act quickly, if you have delinquent 941 payroll taxes. It is like a ticking time bomb. Immediately contact an expert tax relief professional who has lots of experience in handling delinquent payroll taxes and penalties. Call us today at 877-788-2937.

If you waste time, your bank accounts can be seized by the IRS. Within just a few months, penalties assessed on delinquent payroll tax deposits can add up to a huge amount. The IRS can also levy a Trust Fund Recovery Penalty (TFRP) which will impose a 100% penalty on you for delinquent payroll tax penalties.

Get expert tax help today by calling Mike Habib, EA at 877-788-2937.

Tax problem resolution services, IRS tax help and tax relief services in Providence, New Bedford, Fall River, Warwick, Bristol County, Kent County, Newport County, Washington County and other cities in Rhode Island, and Massachusetts State.

Client Reviews
Mike has given us peace of mind! He helped negotiate down a large balance and get us on a payment plan that we can afford with no worries! The stress of dealing with the IRS is huge and Mike helped us through it all. The peace of mind is invaluable, thank you Mike! April S.
Mike Habib - Thank you for being so professional and honest and taking care of my brothers IRS situation. We are so relieved it is over and the offer in compromise process went just as you said. Mike is very professional and will give you honest answers to the OIC process and you can really trust him. You won't be sorry you chose him! Joe and Deborah V.
Mike is a true professional. He really came thru for me and my business. Dealing with the IRS is very scary. I'm a small business person who works hard and Mike helped me see that they are not that scary after all. He was always there with the answers I needed and was very good about calling me back which I appreciated since your first reaction is to freak out and ask a million questions. He solved a messy case and worked very hard to resolve it. His rates are VERY reasonable for the amount of work he does! I give him my highest recommendation! Marcie R.
Mike was incredibly responsive to my IRS issues. Once I decided to go with him (after interviewing numerous other tax professionals), he got on the phone with the IRS immediately (as in the same day I signed with him) to squash an impending issue. And he worked directly with them to quickly come to a resolution I am very happy with. I'd highly recommend reaching out to Mike to see if he can help you with any IRS issues. I'm very satisfied! Marshall W.
I’ve seen and heard plenty of commercials on TV and radio for businesses offering tax help. I did my research on many of them only to discover numerous complaints and unresolved tax issues. I found Mike Habib through my own online search and contacted him. He was very professional with great communication, always answering my questions and concerns. Mike resolved my complicated tax problem just as he said he would. I would definitely recommend his services to family and friends. Nancy & Sal V.