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The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency
because a large portion of the payroll taxes are your employees' withholdings. Not paying your company's payroll taxes
is tantamount to stealing your employees' money in the eyes of the IRS. 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.
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