Running a business, managing a company is not a child's play. Apart from being a good CEO or the Head of the Company, there are certain important things you have to figure out and reign in early when you first start your own business or running a company as you need to take care of your employees as well as their salaries thereof. Payroll taxes are the most important of them all. You have to know how to calculate and pay 941 payroll taxes before you set out to hire employees.
January 2012 Archives
Seeking help with tax debt should be your priority if you find yourself unable to discharge your tax obligations to IRS. Tax debt is a serious problem that can affect you emotionally, financially and socially. The emotional aspect refers to the constant anxiety and waiting for the inevitable IRS notices. Of course, if the IRS resorts to some of its extreme collection techniques like placing a lien on your property or levy wage garnishment, the social and financial implications become severe.
In the present times, it is a common occurrence to find ourselves buried neck deep in the sands of unpaid tax debts although in today's economy it is not unusual to have tax debts. For individual and business taxpayers in Chicago-Aurora-Elgin-Joliet-Waukegan, IL-IN Metro it is often stated and acknowledged that owing money towards IRS is tantamount to owing money towards mob. Not surprising though if you already know how scary and unrelenting IRS tax officials usually are. The very thought of the IRS hounding you relentlessly is enough to drive sane people insane.
Enforcement Revenue Collected by the IRS
(Dollars in Billions)
FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011
Collection $24.3 $24.4 $24.8 $25.7 $26.6 $28.2 $31.8 $31.1 $26.9 $29.1 $31.10
Examination $5.6 $5.7 $8.8 $12.5 $13.8 $13.0 $15.2 $15.8 $12.6 $16.9 $12.40
Appeals $2.3 $2.2 $1.9 $2.2 $3.9 $4.3 $8.3 $4.8 $4.8 $6.7 $6.50
Document Matching $1.6 $1.8 $2.2 $2.7 $3.1 $3.3 $3.9 $4.7 $4.6 $4.9 $5.20
Total: $33.8 $34.1 $37.6 $43.1 $47.3 $48.7 $59.2 $56.4 $48.9 $57.6 $55.20
IRS continues to increase enforcement effort. Get tax relief today by calling 1-877-788-2937.
Unpaid back taxes can attract serious penalty from the IRS, and getting professional tax help is the best option to resolve this issue. Individual and business taxpayers in San Diego, CA metro area of greater San Diego, Carlsbad, San Marcos and National City with back taxes accumulate when you have not paid your federal or state taxes for a variety of reasons. You may not have been sure of your tax liability or could not afford to pay the tax or simply just did not get around to filing your tax return. Whatever the reason, the IRS is sure to catch up with you soon and enforce their aggressive tax collection techniques.