Payroll Tax Issues

Small business owners often struggle to meet IRS payroll tax requirements, resulting in significant debt. Our former IRS agents leverage their expertise to negotiate favorable agreements, addressing delinquencies and offering solutions to avoid severe consequences.

Key Points:

Understanding IRS Forms: IRS payroll tax forms like 941 and 940 are crucial; however, many face issues primarily related to federal withholding taxes.
Common Reasons for Delinquency: Cash flow problems and negligence in managing tax deposits are common reasons for delinquent payroll tax debt.
IRS Aggressiveness: The IRS tends to be more aggressive with small business owners with overdue payroll taxes than individual taxpayers.

Why Work with Us:

Working with an Tax Resolution Expert provides significant advantages. Unlike tax attorneys or CPAs, Tax Resolution Experts understand both the IRS perspective and your own, enabling them to confidently represent you. Our focus on taxpayer debt settlement ensures a tailored approach to resolving your payroll tax issues.

Potential Solutions:

Monthly Payment Plans: Potential solutions include monthly payment plans or In-Business Trust Fund Express Installment Agreements for qualifying businesses.
Form 433-B: Completing Form 433-B may be necessary if your business doesn’t qualify for a payment plan, though the IRS may still not provide a reasonable repayment arrangement.

IRS Prioritization: The IRS prioritizes debt owed to them over other creditors, making negotiation challenging. However, hiring a tax debt relief agency like ours provides recourse. Our strong negotiating powers and former IRS agents’ experience ensure a solution that allows you to repay debt while meeting other obligations.

Despite common assumptions, you have the right to representation when facing payroll tax issues. Our agency offers free consultations to discuss your payroll tax debt, guiding you toward a debt-free future. Contact us today to leverage our expertise and secure your financial stability.

Let's Talk About Your Tax Resolution Needs

testimonials

What Our Clients Have To Say

I would recommend Nicholas J. Fiore, CPA to represent you if you have any tax issues with the IRS or any other state or local tax agency. I had an IRS tax liability of $1,350,433, as a result of a Payroll Tax Trust Fund Penalty. Mr. Fiore’s 50 years of tax resolution experience was exactly what I needed. He was able to obtain an Offer-In-Compromise for $132,154, after 13 months of dealing with the IRS. He then initiated a favorable payment plan based upon my monthly financial situation. I was able to get my life back on track! Nick is a lifesaver.

Tax Client

Florham Park, NJ

We are a C-Corporation that owed the IRS, NYS and NYC more than $10 million dollars in tax, penalties and interest. This was the result of a criminal tax audit for the period of (2010-2017), largely due to the

fault of our prior accountant. This accountant referred us to Nick, who spent countless hours with the respective auditors. He was able to get the IRS 75% Civil Penalty removed, as well as some of the NYS and NYC penalties and interest. All liens were also removed. In total, he saved us over $3 million dollars!! We now have 3 monthly payment plans in place. Due to Nick’s expert services, we were able to keep our doors open and have consistently increased our gross sales by 20%.

Tax Client

Brooklyn, NY

I highly recommend Nick Fiore, CPA. I had a NYS Sales Tax Liability of $387,391. I hired (2) separate CPAs to handle this; however, they were both unsuccessful. I was referred to Nick by an associate of mine. After gathering all the appropriate documents, he began in earnest to work with NYS. The end result was my acceptance of an Offer-in-Compromise for $10,456. There are no words to express my thanks to Nick.

Tax Client

Long Island, NY

I had numerous IRS and NYS tax issues regarding several Partnership and Sub-S Corporations. Nick was able to file all prior years’ tax returns and set-up installment payment plans, for all active entities. He dissolved all inactive entities and was able to get penalties waived. I was able to get my affairs and life back in order. Nick is a Godsend

Tax Client

Lancaster,PA

TAXPAYER WAS ERRONEOUSLY CHARGED $19,453.25 AS A NYS RESIDENT, BASED UPON A RESIDENCY (NEXUS) AUDIT. I OBTAINED AN AUDIT RECONSIDERATION AND SETTLED FOR $-0-.

Tax Client

Lancaster,PA

AFTER REVIEWING THE TAX RETURNS OF A NOT-FOR-PROFIT ORGANIZATION, PREPARED BY A BIG 4 ACCOUNTING FIRM, I DETERMINED THAT THEY WERE INCORRECTly PAYING TAX TO NYS AND NYC. I OBTAINED REFUNDS OF $342.119.

Tax Client

NY, NY

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