Payroll Tax Problems
Forget to pay your company’s Payroll Taxes?
Not paying your company’s payroll taxes is akin to stealing your employees’ money in the eyes of the IRS. As a result, penalties for failing to pay your payroll taxes and filing your payroll tax returns on time are much more severe than other types of penalties. They can drastically multiply the amount you owe in a very short time.
If you have payroll tax problems in New York State and/or New York City, do NOT meet with the IRS on your own. How you answer their initial questions is critical to determining whether or not you stay in business. Hire Brooklyn’s Best: A Big 2 Accountant who knows the ins and outs of how the IRS operates.