Payroll tax scofflaws continue to be a major area of focus for the IRS.
These are firms that withhold Social Security and Medicare taxes from employees’ paychecks, but use the withheld funds for personal expenses or to pay other creditors instead of sending the money to IRS.
As a regularly occurring abuse it is now demanding more attention from the Service and the Department of Justice.
IRS revenue officers are now visiting some noncompliant firms in person. Businesses with large outstanding payroll tax withholdings that they didn’t forward to IRS are a prime target of this project.
Agency collectors will pop in on these taxpayers unannounced and attempt to resolve ongoing payroll tax issues after multiple prior mail contacts by the Service to settle the liabilities went nowhere. This project is not being limited to just payroll tax scofflaws, but they remain the significant component.
If you are a tax scofflaw, give us a call and we will work with you and the IRS to get on a payment plan, before they show up on your doorstep. Just give us a call.