Payroll Tax Problems

If you own a business and are behind in paying your payroll taxes, the IRS may initiate collections on your tax account. This means that they may seize your business bank accounts or other properties. However, there are a few options available that can resolve your payroll tax problems.

Your business tax account may be eligible for an Offer in Compromise or Installment Agreement. An OIC is an agreement between you and the IRS to settle your payroll taxes for less than you actually owe. An Installment Agreement is a monthly repayment plan designed to help you fully pay your payroll taxes in five years or less.

The IRS deals with payroll tax problems with a heavy hand, and so should you. The longer you wait to resolve payroll tax problems, the more penalties may accrue and the more likely the IRS will initiate collections. So, it is important that you take action as soon as possible to resolve your tax problems.

Fortunately, the tax professionals at FSI Tax™ are experienced in resolving payroll tax issues with the IRS. Complete the contact form and one of our experienced tax professionals will contact you to discuss how we can help you resolve your payroll tax issues.

Contact FSI Tax™ and let our tax professionals assess your situation, explain your options and answer your questions.