Got Payroll Tax Problems in New Haven? Get help from a Tax Professional
Metro Area: New Haven – Milford CT MSA
If your small business in New Haven or Milford is having 941 payroll tax problems you should seek the help of a tax professional as soon as possible to stop the IRS from padlocking your front doors and putting you out of business.
If the IRS thinks you owe 941 payroll taxes, they will come after you personally and you are guilty until proven innocent. Although your small business has a major contribution in the financial system of the country yet it is considered by the IRS the largest contributor to the annual tax gap. This is the reason IRS is cracking down on them.
If you are a small business owner, prevention is truly better than cure for you. Here are a few tips which can help you great deal in tackling payroll taxes before they get out of your control.
- Budget a reasonable percentage of your employees for the payroll taxes
- File your tax returns even if you do not have enough money to pay your taxes
- Use Electronic Federal Tax Payment System to send the payments
However, if you have still got yourself into the unwanted situation of outstanding payroll taxes and you negotiate with IRS on your own, it usually results in frustration and negative consequences. The best option for you is to seek help from the professionals who know the tricks of this trade.
IRS handles delinquent payroll taxes more severely than it handles taxes on individuals. That is why IRS inflicts huge penalties as well as considers it a federal crime. These gigantic penalties on delinquent payroll taxes can dramatically increase your total amount owed to the IRS in months.
It is a fact that IRS does not welcome an Offer in Compromise or any other settlement request from the small business as they don’t care if your business survives or not. The reason for this is that IRS usually assumes that your business is worth more than the amount you owe. Luckily there are solutions available to this but they need to be carried out after taking very careful measures.
You are literally way out of your league if you try to negotiate with the IRS single-handedly. It is just like going to court without an attorney. However, it is a good idea if you know all the rules and regulations and understand the tax laws thoroughly; do you? We unquestionably do! Call at 1-877-788-2937 to get the help of an experienced enrolled agent to eliminate your delinquent payroll tax problem in New Haven and Milford today!