Employers are required to pay taxes for their employees, including federal income taxes, Social Security and Medicare taxes, and federal unemployment taxes. Even small businesses are subject to these requirements. To remain current with these taxes, the federal government requires businesses to make quarterly filings and payments. This is known as the 941 payroll tax.
Falling behind with quarterly 941 payroll taxes is a common problem when businesses begin to struggle with money. Sometimes flourishing businesses simply forget to make their 941 payroll tax payments. Fortunately, Tax Tiger offers several options for solving 941 payroll tax deficiencies. Click Here For 941 Payroll Tax Info!
Avoid 941 Payroll Tax Penalties
If your business has not filed the necessary 941 payroll tax because you cannot afford it, you may qualify for a reduction in the amount you owe. Tax Tiger's professionals have successfully settled tax debts for up to a 99 percent reduction in the amount owed. Settlements such as this can clear your 941 payroll tax debt for a one-time lump sum. Our Tax Tiger professionals can also negotiate a payment installment plan with your best interests in mind.
Even if you already have an installment plan with the IRS, we may be able to get you a better deal. Tax Tiger attorneys have extensive experience negotiating with the IRS, so we may be able to reduce your current installment payments. Keep in mind that paying less than your installment payment amount or failing to make them at all can result in severe penalties. You can avoid these costly penalties for unpaid or late 941 payroll tax debt by allowing Tax Tiger to deal with the IRS on your behalf. The IRS has increased criminal investigations of 941 payroll tax deficiencies, but our tax professionals can help you avoid worrisome IRS investigations and penalties.
