Payroll Tax Problems

The IRS considers not paying payroll taxes as the cardinal sin of tax delinquency because your workers’ withholdings are a significant part of the payroll taxes you pay. As a result, fines are even more stringent than other forms of punishment for failing to pay your payroll taxes and filing your payroll tax returns on time. 

If you are late on paying the company’s payroll taxes, look out! The IRS is strongly proactive in seeking this kind of tax collection. Instead of allowing you to continue amassing additional payroll tax liabilities, they would instead seize your business assets, shut you down, sell your assets at auction, and put you out of business.