If you owe tax debt, an Offer In Compromise can help you settle it for less. DTR has the expert negotiation skills needed to get your tax debt reduced as much as legally allowed.
With DTR’s Help
Consequences of Payroll Tax Debt
Accrued Penalties and Interest: The IRS imposes heavy penalties and interest on unpaid payroll taxes, which can quickly accumulate and exacerbate your financial burden.
Tax Liens: The IRS may place a lien on your business assets, impacting your credit score and hindering your ability to secure financing.
Levies: The IRS can levy your bank accounts and other assets, disrupting your business operations and cash flow.
Trust Fund Recovery Penalty (TFRP): Responsible persons within your organization can be personally liable for the unpaid payroll taxes, leading to severe personal financial consequences.
Company Shut Down: In extreme cases, the IRS may shut down your business if payroll tax debts go unresolved. This can disrupt operations and lead to financial ruin.”