Payroll Tax Problems

Payroll tax penalty problem? How a taxpayer show reasonable cause to excuse the penalty for failure to file or pay payroll taxes?

May 22, 2013 | Mike Habib, EA

Are you a business owner or an officer facing a 941 payroll or employment tax problem?

Unpaid payroll or employment tax is a serious tax matter, and the IRS holds the business owner, officers and other personnel as responsible person(s) and actively enforce aggressive collection measures to collect on the unpaid back taxes, penalties and interest.

For the IRS to excuse the penalty for failing to file, the taxpayer must show that such failure was due to reasonable cause. A taxpayer can show reasonable cause by proving that he or she “exercised ordinary business care and prudence and was nevertheless unable to file the return within the prescribed time” (see Reg. §301.6651-1(c)(1)). This standard is objective and will be determined by analyzing all the facts and circumstances.

How to Settle 941 Payroll Taxes: employment tax settlement – Summons form 6637 from an IRS RO Revenue Officer

October 11, 2012 | Mike Habib, EA

Many times we come across news that a certain Company has filed for bankruptcy or has shut down or has downsized its staff. One of the most probable reasons is the failure to pay or settle unpaid payroll taxes known as employment taxes or 941 taxes. The very words ‘payroll taxes’ have made many organizations grovel on their knees.

Have you received a Summons form 6637 from an IRS RO Revenue Officer? Do not delay your matter anymore, you have the right to be represented by a power of attorney, do not speak to the RO, kindly request their business card and inform them that a representative will contact them shortly.

For 941 payroll tax immediate help call us at 877-788-2937.

Brooklyn, NY IRS tax help: Tax relief and tax problem resolution audit attorney Kings County, NY

March 15, 2012 | Mike Habib, EA

Taxpayers in Brooklyn, New York and Kings county can get IRS tax help, tax relief, tax problem resolution, 941 employment payroll tax help, and IRS tax audit help by calling 877-788-2937.

IRS office serving Brooklyn, NY is located at 625 Fulton St., Brooklyn, NY 11201

Payroll Tax Help – Keep That Business Running

January 26, 2012 | Mike Habib, EA

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.

Employment Tax Problem

November 21, 2011 | Mike Habib, EA

Employment Taxes

If you have your own business, there is plenty going on all the time. In addition to taking care of your customers, you have to take care of your employees. Payroll can be very difficult with the many scenarios, and that can lead to an employment tax problem. Don’t feel like you are alone though as 941 payroll tax problems are extremely common when it comes to the IRS and what they have to look into.

Ft. Lauderdale, FL IRS payroll tax problem help/IRS Levy/Garnishment Miami FL

August 19, 2011 | Mike Habib, EA

Ft Lauderdale FL.jpg

We provide IRS tax help, tax relief, tax resolution and IRS audit representation in the South Florida Metro area of Miami, Miami Beach, Hialeah, Kendall, Fort Lauderdale, Pembroke Pines, Hollywood, Miramar, Coral Springs, Miami Gardens, Pompano Beach, Deerfield Beach, West Palm Beach, Boca Raton, Boynton Beach, Miami Dade county and Broward county of Florida.

The IRS has identified many individual and business taxpayers who fail to file income tax returns (1040 for individuals and 1120 for corporations) and employment tax returns (940 and 941) and these taxpayers have effectively stopped paying federal taxes as a serious matter to the US tax administration and the American economy as a whole. The IRS is actively pursuing non-filers owing back taxes with aggressive enforcement of the tax laws by issuing record numbers of tax levies and tax liens.

Payroll tax problems resolution: 941 tax relief for payroll taxes

April 4, 2011 | Mike Habib, EA

Help with IRS Payroll Tax Problems

If you own or manage a business (sole proprietor, partnership, or corporation) and pay employees, you will have to deal with 941 and 940 payroll taxes (employment taxes). Social Security, Medicare and income tax withholding from employee paychecks is just part of normal business operations. If you fail to file and pay your 941 payroll taxes then you are guaranteed to get in trouble with the IRS and the other state agencies such as EDD. This usually leads to additional stiff IRS penalties and larger tax debt, and may also be considered by the IRS a federal crime.

Back taxes help: tax levy relief for IRS tax problems

March 20, 2011 | Mike Habib, EA

Do you owe unpaid back taxes? There are tax relief solutions to your IRS tax problems.

The IRS could file a federal tax lien to protect the US government from the back taxes owed by the taxpayer. Although the federal IRS tax lien attaches to all the taxpayer’s property, some property is exempt from the IRS levy. The following items could be exempt from levy to some extent:

(1) wearing apparel and school books,

Tax resolution services by Mike Habib, EA 877-788-2937

March 16, 2011 | Mike Habib, EA

You recently asked what will happen and what you should do in the event that you cannot pay your taxes on time. First and most importantly, don’t let your inability to pay your tax liability in full keep you from filing your tax return properly and on time. It is also important to remember that an extension of time to file your tax return doesn’t also extend the time to pay your tax bill. Get tax resolution services at 877-788-2937.

Even if you can’t make full payment of your liabilities, timely filing your return and making the largest partial payment you can will save you substantial amounts in interest and penalties. Additionally, there are procedures for requesting payment extensions and installment payment arrangements which will keep the IRS from instituting its collection process (liens, property seizures, etc.) against you. Get tax resolution services at 877-788-2937.

Overview of the most common penalties. The “failure to file” penalty accrues at the rate of 5% per month or part of a month (to a maximum of 25%, reached after five months) on the amount of tax your return should show you owe. The “failure to pay” penalty is gentler, accruing at the rate of only 0.5% per month or part of a month (to a maximum of 25% reached after fifty months) on the amount actually shown as due on the return. If both apply, the failure to file penalty drops to 4.5% per month, so the total combined penalty remains at 5%–thus, the maximum combined penalty for the first five months is 25%. Thereafter, the failure to pay penalty can continue at 0.5% per month for 45 more months, yielding an additional 22.5%. In total, these combined penalties can reach 47.5% of your unpaid liability in less than five years.

Nationwide tax relief services for Americans in need of tax relief help

March 1, 2011 | Mike Habib, EA

Do you owe back Taxes? Did you receive an audit letter from the IRS?

First, do not to panic. The IRS uses various letters to communicate with taxpayers about IRS back taxes and IRS tax audits. As with most IRS communications, there are strict deadlines associated with these letters that you have to meet. You should seriously review the items that are being challenged and prepare your factual response in a clear way to the IRS. As taxpayer, you can represent yourself, or hire a professional tax representative as a power of attorney to resolve your tax matters. Selecting a tax return for audit does not always suggest that the taxpayer has either made an error or been dishonest. In fact, some audits result in a refund to the taxpayer or acceptance of the return without change.

We represent clients before the IRS to resolve their tax controversies. The tax law is complicated and a professional will be better able to guide you through the audit experience, or to effectively resolve your back tax matter.