If you have money and assets in foreign banks or are a US citizen living overseas, Direct Tax Relief can work with you to file an FBAR and avoid tax evasion.
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.”