Are back payroll taxes weighing you down, causing sleepless nights and financial stress? You’re not alone! Many business owners and employers find themselves in challenging situations when it comes to back payroll taxes. But fear not, as Priority Tax Relief is your ultimate ally in resolving these tax challenges.
Back payroll taxes occur when an employer withholds taxes from their employees’ paychecks but fails to remit those taxes to the appropriate tax agencies. These taxes typically include federal income tax, Social Security tax, and Medicare tax.
When you partner with Priority Tax Relief, you can expect a comprehensive approach to resolving your back payroll taxes. Here’s how we can assist you:
- Detailed Tax Analysis: Our experts will conduct a detailed analysis of your payroll tax records and financial situation to identify the extent of your back payroll tax liabilities.
- Filing and Compliance: If you have unfiled payroll tax returns, we will ensure that all required tax forms are accurately completed and submitted, helping you regain compliance.
- Negotiation with Tax Authorities: We will actively negotiate with the IRS on your behalf, exploring options such as an installment agreement or offer in compromise to resolve your back payroll tax issues.
- Penalty Abatement: Penalties and interest can significantly inflate your tax debt. Our team will work to minimize or eliminate penalties through penalty abatement requests.
- Customized Payment Plans: We understand that every business has different financial capabilities. We will work with you to develop a manageable payment plan that suits your budget and helps you address your back payroll taxes.