For business owners or self-employed individuals who have employees, payroll taxes are taxes you withheld from your employees’ paycheck and submitted to the IRS & State on their behalf, along with the employer’s portion of the taxes. The IRS considers employers who do not submit pay payroll taxes (940/941) to be thieves who stole from their employees.
They will assign a Revenue Officer to collect the taxes and sometimes this could lead to business seizure and or closure. Don’t let the IRS seize your business! Contact the professionals at The Tax Defense Group for a consultation and let us help you try to keep your business and lessen your tax debt.