Payroll tax issues can be extremely complicated, but what it boils down to is this: if you run a business, and if you pay employees, you have to pay payroll taxes.
If the taxes aren’t paid, it could put you out of business. Fast. This is one of the biggest business killers, and the IRS will not hesitate to shut you down.
Failure to pay the IRS for taxes withheld from employees’ wages can not only lead to large IRS debt, but in some cases, to criminal charges. Penalties can accrue rapidly, and the IRS focuses more attention on this than on regular income taxes.
The penalty for payroll tax issues is often called the 100% penalty, because it’s equal to the full amount of taxes not paid. Penalties can go from 5 percent to 25 percent per month.
Don’t delay another day—call Apex Tax Defense now so we can work together to resolve this potentially very dicey situation and make sure your business and/or personal finances aren’t put at risk.