Payroll Tax Relief
Payroll Tax Relief in Los Angeles Owing 941 payroll taxes is different from owing personal income taxes. It’s because the money has already been deducted from your employee’s payroll checks, so it’s not your money to begin with. Fortunately, we can help you get payroll tax relief . You might feel like you’re temporarily borrowing the money from the IRS until your business gets back on track, but the IRS doesn’t see it that way at all. The IRS needs that money to make Social Security payments among other things and takes late payroll tax payments more seriously than just about any other tax problem. Penalties can add up fast. There’s a failure to file penalty, a Trust Fund Recovery Penalty, interest on the taxes that are late, and the taxes themselves. It can be easy to get into a hole really fast with back payroll taxes due. Plus, it’s taxing on your peace of mind to have this kind of burden weighing you down. The Internal Revenue Service, state tax agencies, and local entities wi