As a result, penalties for
failing to pay your payroll taxes and filing your payroll tax returns on time
are much more severe than other types of penalties. They can drastically
multiply the amount you owe in a very short time.
The IRS is extremely
aggressive pursuing collection of this type of tax. They would rather seize
your business assets, close you down, sell your assets at auction, and put you
out of business than allow you to continue amassing additional payroll tax
liabilities.
If you are behind on your payroll taxes, DO NOT
meet with the IRS on your own. How you answer their initial questions can
determine whether you stay in business or not. It is critical you hire a
professional representative who knows how the IRS operates.
