Question: I own a small business and in order to keep afloat, I did not pay the IRS for my employee’s withholding taxes for a few years. How much trouble will I be in?
Answer: Owing 941 payroll taxes is very different than owing personal 1040 income taxes. Not only can the IRS shut down your business, they can come after you personally, levy your bank accounts, take your receivables and seize your property including your house. Scarier still is that it could turn into a criminal matter. Why? Because the money has already been deducted from your employee’s payroll checks; so it’s not your money to begin with! The IRS looks at this as if you stole their money.
You need to get help fast from an experienced professional who deals with the IRS every day. We can assess your situation and figure out the best way to help you, and will take over all dealings with the IRS so you don’t have to. Don’t let them take over your life and manage your cash flow; call us today!
Our clients generally NEVER meet or speak with the IRS. We handle everything for you so you don’t have to take time away from your job or business. We know the law. We know your rights. We can help!
We at MLO Tax are experts in tax resolution and help taxpayers like you with their IRS Problems every day. Call us at 610-388-4474