Articles Posted in Payroll Tax Problems

If you want an easy and stress-free business life, one of the best tips we can give you today is to stay on the IRS’ good side and to not tick them off.

Payroll tax resolution issues are amongst the most common reasons for the IRS pursuing Los Angeles or other cities, business taxpayers, or individuals whom they deem should be responsible taxpayers, which is why it’s important to ensure that you resolve any payroll 941/940 tax problems sooner, rather than later, should they arise.

It doesn’t matter whether you think you’re above the law, whether you make a mistake, whether you fail to file on time, or anything else for that matter, if you’re needing payroll tax resolution and are on the IRS’ radar they will come for you one way or another and get what they feel they are owed.

If you’re experiencing payroll 941/940 tax problems and require payroll tax resolution help, the sooner you rectify these issues and seek help, the better.

Call us today for a free case evaluation at 1-87-788-2937.

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Every business that operates in the United States is responsible for reporting certain types of information to the government. One of the most important things that a business must report is certain tax information for employment payroll on a quarterly and annual basis. They are required by the IRS to report the amount of 941/940 employment payroll taxes that have been either withheld from employees or what they owe to the government. If they fail to do at the prescribed time they will have a payroll tax problem.

Get a free case evaluation 1-877-78-TAXES [1-877-788-2937].

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Form 941 is a quarterly payroll report filed by employers indicating employees’ wages, tips, withheld tax, medical, taxes, and social security taxes. It is a form of trust fund because the employer is in a fiduciary position to hold fund on employee’s behalf before the government receives it. If an employer fails to do so, it may result to tax liability and accumulation of employment tax debts under form 941 and 940. Consequently, the IRS may decide to get the debt through levies, liens, the sale of assets or getting the business’ trust fund from officers. A person may also end up bearing personal, civil and criminal liability.

Get a free case evaluation by calling us at 877-788-2937 – all 50 states.

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As a business owner, officer, controller, or bookkeeper, you will no doubt be well-aware of the various roles and responsibilities you need to carry out on a daily basis to keep your business ticking over. In an effort to cut costs, or sometimes through sheer stubbornness, business owners with no prior tax or accounting experience will often also try to handle the taxes and accounting issues of their companies, rather than hiring professional tax services. Needless to say, this is a very time-consuming job, and it can also be stressful if you don’t know what you’re doing. You may think that by not hiring a tax lawyer or tax professional enrolled agent, CPA, attorney-in-fact to help you, that you are saving money, yet in reality the exact opposite is true. Take trust fund payroll taxes for example. If you fail to handle them correctly, you could be held personally responsible for your company’s payroll taxes.

Get a free case evaluation at 877-788-2937.

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For business owners, CEOs, CFOs, one of the most common issues is tax problems that deal with your payroll. 941 and 940 payroll tax issues are quite common and with the IRS pursuing their collections vigorously, you will need the best in employment tax representation to keep out of trouble. For businesses that have employees, it is highly recommended that you get assistance from a professional tax firm. They can provide the best in employment tax representation that helps keep your business in-line with federal and state tax laws.

Both the 941 and 940 tax returns need to be filed properly if your business is going to avoid potential issues that might otherwise bring in an audit. This is why it is important to understand the importance and difference between the 941 and 940 forms.

Get a free case evaluation today at 877-788-2937. All 50 states.

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As the owner of a Los Angeles business that employs one or 10,000 employees you are required by law to collect, report and send the payroll and employment tax for each of them. The IRS has a specific 941 form that must be sent in every quarter and must follow a very specific schedule. The only deviation that is acceptable is if the day it is due falls on a Saturday, Sunday or holiday, if this occurs, you must have it sent in on the following business day.

What is meant by Business 941 Payroll, or Employment Tax?

While most Angelenos in Southern California know exactly what income tax is that is withheld from each of their checks, but it is not as likely that these same people would have any idea what is meant by payroll tax. However, ask any Los Angeles business owner the same question they will absolutely be able to tell you that it refers to as 941/940 Employment Payroll Tax.

They are quite aware that 941/940 Employment Payroll Tax refers to the combination of employment tax, social security tax, and Medicare Tax. These taxes are collected from each employee and they must be reported and sent to the IRS quarterly and it must adhere to a strict, specific schedule. If you make it a habit of missing deadlines for submitting the 941 payroll tax form you can be sure that the IRS will not forget and you will likely find yourself on the wrong side of its wrath.

Get a free case case evaluation today 877-788-2937.

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