Helping businesses that owe payroll taxes – whether from Form 940 or Form 941 tax obligations – is among the most common situations we handle. When employers don’t pay “withholding taxes,” the IRS often is very aggressive in penalizing the business, and may even prevent the business from operating.
Additionally, the IRS can penalize those individuals who were responsible for collecting or paying such taxes and willfully failed to do so by assessing corporate tax obligations against them. Internal Revenue Code § 6672 sets forth the means of assessing this penalty, known as the Trust Fund Recovery Penalty.
To learn more about resolving your payroll tax liability, please call (770) 984-5327 for a FREE consultation.