small businesses get in Cash Flow Problems for all kinds
of reasons. How they handle these problems, especially
when payroll taxes are involved usually determines if
they stay in business or not. The IRS takes an extremely
strong position on payroll tax violations. They would
rather close the business and sell off all the assets
instead of trying to work out a deal with the business.
worst thing about business payroll taxes is that the IRS
has the ability to collect business payroll taxes from
anyone they think was responsible for not paying the taxes.
For example the business owner, or any check signer on
the business bank account may be singled out for collection
will try everything to get these payroll taxes. Usually
a visit to your home or work is in order to start the
collection procedures. Then all of the weapons in their
arsenal can be used (Liens, Levies, or Seizure) until
the taxpayer has agreed to some type of repayment.
the IRS has determined that the business cannot pay the
payroll taxes and they have turned their sights on the
individuals they think are responsible . . . look out!
a look at the highlights of my Special Report:
Every Small Business Owner Must Do to Save Their Business!"
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