If you’re a business owner or employer, you’re responsible for withholding and paying payroll taxes to the IRS. However, if you’ve failed to pay these taxes, you may find yourself facing a significant tax debt, including penalties and interest. IRS Payroll Taxes Owed can be a serious issue, but there are solutions available to help you resolve your tax debt and get back on track.

Consequences of Unpaid Payroll Taxes

• Failing to pay payroll taxes can result in severe consequences, including:
• Penalties and interest on the unpaid taxes
• Legal action, including lawsuits and levies
• Damage to your credit score and financial reputation
• Even criminal charges in extreme cases

How to Address IRS Payroll Taxes Owed

If you owe payroll taxes, it’s essential to address the issue as soon as possible. You can:

• File any missing tax returns and pay any owed taxes
• Negotiate a payment plan with the IRS
• Consider an Offer in Compromise to settle your tax debt
• Seek professional help from a tax resolution service

How OneTax Financial Services Can Help

At OneTax Financial Services, our team of experienced tax professionals will work with you to:

• Assess your tax situation and determine the best course of action
• Negotiate with the IRS to resolve your tax debt
• Develop a plan to ensure future compliance and avoid further tax issues
• Represent you in front of the IRS and advocate for your rights