Have you Failed to Pay Tax?
Non- Filed Tax Returns
Every day the massive computer center at the IRS is getting more sophisticated. It’s just a matter of time before they catch up with you. This is not a situation to take lightly, failing to file your tax returns is a criminal offense. If you do not file, you can be prosecuted and punished with potential jail time, one year for each year not filed. Why risk potentially losing your freedom for failing to file your tax returns! Let us give you the peace of mind you deserve by helping you get in compliance with the law. If you voluntarily file your delinquent returns, you’ll likely avoid further problems other than having to pay the interest and penalties. If you wait for the IRS to file your returns for you, they are filed in the best interest of the government, usually with little or none of the deductions you are entitled to. Before anything can be done to extract you from this predicament, all the returns must be filed. You must be current. In most cases, you will likely owe taxes, interest, and penalties after the returns are filed. Once we see how much is owed, we’ll set a course of action to get you off the hook!
Back Taxes Owed
You have filed your returns but didn’t have the money to pay what was owed. You may think, “Oh well—I will catch up next year.” Before you know it, you will find yourself several years in arrears and suddenly there is a notice from the IRS, stating that you owe three or four times the original amount. It’s truly amazing how fast tax penalties and interest add up. Now you have a choice, you can write a big fat check and pay the full amount, including interest and penalties. Or you can just keep ignoring them while the penalties and interest keep piling up.
Payroll Tax Problems
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. If you are behind on paying payroll taxes for your company, WATCH OUT!!! 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 and whether they can collect from you personally. It is critical you hire a professional representative who knows how the IRS operates.
Contact the professionals at Rink & Robinson PLLC before its too late &
the penalities along with interest begin to accumulate!
*Failure to pay tax can be a result of accidental failure to know what to do or one’s oversight of filing the proper paperwork.