Running a good business comes with challenges, and sometimes cash flow issues or a busy schedule can lead to missed payroll tax deposits or quarterly filings. If you find yourself behind in your payroll tax filings or payments, it’s crucial to address the situation promptly.
You might think of it as temporarily borrowing from the IRS until your business recovers, but the IRS takes late payroll tax payments very seriously. These funds are vital for Social Security payments and other obligations, making timely payroll tax payments one of their top priorities.
A tax resolution professional can help you navigate this complex situation, ensuring your business stays on track while resolving your payroll tax issues efficiently.