subject: 941 Payroll Taxes – Don't Let the IRS Destroy Your Business [print this page] Overwhelmed? Properly filing payroll taxes can be a big pain. The IRS expects you to know that you are filing correctly, not to mention that you never have to pay them quarterly. Even if you can pay a financial loss, the IRS still expects their money. So what happens when your good intentions go backwards?
It Could Happen If you make a mistake in the application, or you do not pay the taxes that could go, things quickly go from bad to worse. IRS revenue agents are waiting to strikesmall businesses that make a mistake on their payroll taxes. Small businesses can have a big payday for the IRS collectors, especially new ones. Once a claim of un-or misfiled occurs payroll taxes filed, will begin the real problems. How you can help, if you're already in trouble?
Rent Solve the problem, at this point, a tax professional is the best option. If nothing else, a professional can save you quite a lot of hassle when it comes to filing your companyTaxes. Let's face it, the IRS will get on every little mistake they can, just to name your money. Allow yourself a small mistake, you put in hot water.
Am I too late? You want to help with your payroll taxes, but you are already on the IRS hit list. Do not panic. Let the IRS that you are willing to work with them. Whether you make a mistake or missed filing a quarterly payment, pay the amounts due at once! It's never too late to prevent an error, but the time isBeing!
