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, contact us immediately as it most likely involves trust fund (employees' portion of the taxes withheld) monies and penalties. This can be quite serious and the IRS may move swiftly to protect their interest in such taxes.
It is best if we contact the IRS immediately and begin negotiating on your behalf.