Payroll Tax Protection
According to the Government……. You are STEALING!
Are you a business owner? If so, the IRS requires you to withhold income taxes, Social Security and Medicare taxes. These withholdings and your share of Social Security tax are called Trust Fund Taxes. Meaning that you are holding the employee’s money in trust until you make a federal tax deposit. The IRS considers this deposit to be their money!
We understand that it can be hard being a small business owner today, trying to pay your employees their paychecks every week, and pay the IRS all those payroll taxes! A lot of times when money is short, you pay the employees first. It’s a natural thing to do – you need to take care of your employees, even if you have to skip paying yourself! Besides, if you don’t pay them, they’ll quit and you will have to hire new people all the time.
If you owe payroll taxes, you are in danger of losing your business….
The IRS Wants THEIR Money!
The IRS Doesn’t Care About Your Financial Problems.
The IRS doesn’t care if you can’t pay your employees. They don’t care if they put your employees out on the street. They don’t care if you can’t collect your receivables. They don’t care if one of your largest and best customers just went “belly up”. They don’t care if we’re still suffering the lingering effects of the Great Recession. All they care about is that you have money that belongs to them, and they will do whatever they have to, even put you out of business, to collect it. They don’t care who you ae, or even what business you are in.
Penalties for Failing to File and Pay your Payroll Taxes are the
“Kiss of Death”
The IRS is the most brutal collection agency on the planet. They have more authority than the President of the United States! And they have all the ways and means to do whatever it takes to collect what’s owed to them.
If your business failed to pay payroll taxes, the IRS will get their money and will do it aggressively, even if it means the loss of your business. They tack on penalties totaling 33% in just the first 16 days! Then adds interest on top of the penalties, too. They can levy the accounts receivables, equipment, and even sell your property at auction. Thus, eliminate your means of making a living.
Owing Payroll Tax Could Turn into a Criminal Matter Quickly!
Owing 941 payroll taxes is a different animal than owing 1040 income taxes. It could turn into a criminal matter quickly. Why? Because the money you owe the IRS for payroll taxes has already been deducted from your employees’ paychecks for withholding purposes. It’s not your money to begin with; the IRS has entrusted you to hold this amount, on behalf of your employees, and pay it over to the IRS when you issue paychecks. The IRS looks at this as if you “stole” from them. The IRS gives your employees credit for the withholdings and fully expects you to pay this amount to the IRS at the same time you pay your employees.
Let me ask you a question. If you were accused of a civil or a criminal offense, would you go to court without a lawyer? I wouldn’t. Well it’s the same thing with the IRS.
Don’t Bother to Call the IRS to Talk Your Way Out of This Predicament.
If you were to call the IRS, and were able to get through after waiting on hold for an hour, and try to explain your situation – you might as well have a conversation with a wall – because the person you talk to doesn’t care. This IRS representative probably makes $13 - $14 an hour and is poorly trained. Do you think this person ever had to make a payroll in his or her life? Do you think this person knows what it’s like running a small business? Do you really think he or she will have any sympathy for you? Not only is the answer “NO”, but this IRS representative can also dictate the fate of your case. What he or she will try to get, while you’re on the phone, is all your personal and financial information. This person will want to know where you bank; all about your customers who owe you money; and the value of all your assets, like your home, cars, motorcycles, etc. Why? Because now the IRS has all the information it needs to levy your bank accounts, take your receivables, and seize your property.
Even If Your Business Is Shut Down –
You’re Not Out of the Woods
After they padlock your doors, they will go after you personally. The IRS is a very special creditor. They don’t need a court order to go after your personal assets. This is called the Trust Fund Recovery Penalty (RRC 6627).
So, your problem has just gotten bigger. It’s enough to make anyone paranoid, with the IRS stalking you, looking to get your money any way they can.
Trust Fund Recovery Penalty
Who will the government target?
Any responsible person who:
- Has the duty to account for and collect payroll taxes.
- Was or is responsible for giving the IRS your trust fund payroll taxes.
- Is an officer or an employee of the corporation.
- Is a partner or an employee of a partnership.
- Is a corporate director or shareholder.
- Is anyone who has the authority and control over the trust fund.
ANY RESPONSIBLE PERSON THAT WAS AWARE OR SHOULD HAVE BEEN AWARE THAT THE PAYROLL TAXES WERE NOT BEING PAID.
If the IRS has assessed a TFRP against you, call us today. New Horizons Tax Relief can represent you and find a solution to your problem.
There Is a Way for You to Get Help!
We Take Over All Communications from the IRS!
You Don’t Have to Speak with the IRS Anymore,
Now that you know you shouldn’t be talking to the IRS because they are not going to help you, you might be wondering what you should do. Where should you turn for help? The smartest thing you can do to protect your business and your family is to have someone represent you – someone who deals with the IRS for a living. You need to get help – but not just from anyone – you need help from someone who is an experienced, competent professional, one who deals with the IRS every day, helping small business owners keep their businesses and settle IRS payroll tax problems.
New Horizons Tax Relief specializes in helping taxpayers with IRS problems as well as small business owners like you. The first thing we do is meet with you to go over our situation and determine the ways we can help you. But better than that – our consultation is FREE. Once you decide to retain us, we step into your shoes and protect you from the IRS’s abusive tactics. We take over all communications from the IRS on your behalf. You don’t have to speak with the IRS anymore. We do. Not only that – they are not allowed to talk to you once you sign our power of attorney! Once the IRS realizes you have someone on your side protecting you, who knows their tricks as well as they do, they must step back and follow the law. Not only can we protect you from the IRS harassing you, calling you, and showing up at your front door, we can get those penalties reduced and in some cases completely removed!
Don’t Wait Until It’s Too LATE
Get the Peace of Mind You and Your Family Deserve….
Don’t wait until the IRS has seized your accounts, closed your business, and added on penalties that add up to be more than the taxes you owe. You have the right to be represented by a third party. We know how to preserve your rights and how you can be afforded protection.
Take the First Step,
Call Our Office Today!
It’s up to you! You have nothing to lose, and the consultation is FREE. Call and schedule an appointment, and we can go over all the ways we can help you. All matters discussed will be confidential.
Call my office today at (844) 200-8686 to set up an appointment for a FREE consultation.