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Payroll Tax Settlement

Payroll Tax Settlement

There are some types of tax issues and tax debts in which the IRS is actually far more lenient than many people think. Unfortunately, payroll tax issues do not fit into that category. If you own or operate a business in California and are not current on your payroll taxes, you can expect the IRS to take swift, severe actions. Payroll tax penalties are enforced quickly and can put you and your business in jeopardy in a hurry. That is why it is important to consult with a knowledgeable payroll tax lawyer who understands how to navigate these issues.
Leading Tax Group
Leading Tax Group

What to Know About Payroll Tax Settlements

When you have an outstanding payroll tax debt, the IRS will be on the hunt to recoup as much of your debt as possible — often far more than the original debt due to quickly piling up fees and fines. This is why it is critical to file for a settlement through an experienced legal team of a professional IRS attorney. If you’re searching for an “attorney near me,” our skilled tax lawyers specialize in resolving payroll issues and navigating IRS audits. When addressing payroll issues, our attorneys near you are well-versed in IRS regulations and can guide you through the audit process with confidence. When you file for settlement, the IRS’s first action will be to complete a full review of your organization. This will include all financial statements, payroll tax deposits, and 941 tax forms. The IRS here is looking to see that you are indeed taking action to try and right the ship and to deduce exactly how much debt needs to be settled.

What Actions Can You Take?

While payroll tax settlements are no picnic for anyone, owing payroll taxes does not have to be a death sentence for your business. Through years of experience in the tax industry working with both individuals and businesses, we have helped thousands of people alleviate the pain of payroll issues in California. When you work with our team of payroll tax lawyers, we will help you explore potential remedies to your payroll tax settlement scenario, such as:
  • Reviewing your current financial statement to determine if you are a hardship candidate
  • Working with the IRS to set up a monthly payment agreement
  • Filing an offer in compromise to settle for less than you owe
Engaging an IRS audit lawyer skilled in IRS negotiations can be critical to managing and resolving audits and disputes effectively. These are just a few of the many unique options that are often available to business leaders looking to settle payroll tax debts, and our team will help you explore the most valuable tactic for you!
Leading Tax Group

Call Today for a Free Payroll Tax Consultation

Let’s help you get the best outcome possible for your settlement. There is no better remedy than getting out ahead of your payroll tax settlements before they spiral out of control. Call our team of IRS tax attorneys today! Our expert lawyers are here to guide you through every audit and tax issue. For those searching for an effective attorney near me, look no further than our dedicated team of tax specialists.

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