It is important to remember that tax delinquencies are an unfortunate reality for many businesses. Tax delinquency can have serious consequences and lead to a number of other issues such as back payroll taxes, penalties and interest. Tax delinquency can also lead to a denial of a business loan, being shut down, and jeopardizing your company’s finances
What Is Payroll Tax?
Payroll tax imposed by the IRS are taxes that are required on an employer’s payroll. Tax rates vary depending on the type of employee, salary, and amount of wages they earn per pay period. Employers are in charge of collecting and remitting trust fund taxes such as Social Security, Medicare, and federal income taxes on behalf of your employees to the Internal Revenue Service.
You can settle your past payroll tax obligations with an Offer in Compromise through the IRS Fresh Start Program for less than the entire amount you owe. The IRS analyzes a unique combination of circumstances when evaluating whether you qualify for the program, including:
- Whether or not you can pay
Whether it be payroll back taxes or even individual back taxes, a simple tax negotiation can help reduce or eliminate tax delinquencies. This is made possible through a relief program that consolidates many major relief programs into a one-size-fits-all assistance program; The IRS Fresh Start Program. Our clients are referred to our Fresh Start Program in order to avoid bankruptcy, acquire debt relief, and settle their debts in a quick manner. Let us give you a helping hand today!
See if you qualify for the Fresh Start Program today!
Resolve your tax debt before the IRS surprises you with late fees and penalties!
- Answer a few questions
- Qualify and be presented with a resolution – click here
- Enroll in Fresh Start
You can click here to be connected with a verified partner of IRS Fresh Start Initiative