Payroll or Employment Tax Debt

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Payroll or Employment Tax Debt

Payroll taxes differ from normal income taxes. Business owners are required to withhold the appropriate amount of income tax and other taxes from their employees’ paychecks and after collecting said taxes to send them to the IRS and state. Employees complete personal allowance worksheet so that employers can withhold the correct federal and state income taxes from each pay period. Employees rely on their employers exclusively to withhold the payroll taxes from their paychecks and send said monies to the IRS and to the state through the appropriate channels. In addition to withholding employee taxes, the employer is obligated to pay 7.65% in employer payroll taxes (social security and Medicare). As a company, you are entrusted with your employee’s money when it comes to paying payroll taxes. If you, the business owner or a responsible corporate officer fail to file your payroll tax returns and send the collected payroll taxes to the IRS and to the state, you, as the business owner or a responsible officer, are considered by law to have committed a theft from your employees, that inevitably will result in aggressive collection actions by the IRS or state. Failure to file your payroll tax returns and to pay your payroll taxes could be considered a federal offense under which the IRS could refer your case to the Criminal Investigation Division and to the Department of Justice, and the penalties imposed can be enormous!

Tangible consequences could include the loss of your business, and the seizure of company property, including inventory, machinery, and other assets. Failure to pay business payroll taxes can, in rare cases, lead to criminal charges and the possibility that you could be convicted of a felony with a hefty fine and possibly a prison sentence. Cases in which the taxpayer could be convicted of a felony would include cases in which a business owner diverted the money for personal use, instead of for the sake of the business, such as paying off personal creditors. In the most severe cases, failure to pay your payroll taxes can possibly result in jail time, and the payroll taxes and penalties are not dischargeable in bankruptcy.

Coast One Tax Group is up to date on current tax law and has a solid history of resolving payroll tax debt. Call our team of experts for a free consultation to learn about your options so that you are armed with all the information needed to make wise decisions when tackling this type of tax liability.

4.8 out of 5 star

10 reviews

Jess T.
2019, July 30, 5:31 pm

Coast one Financial saw my family through

Coast one Financial saw my family through our entire settlement to the end! They did everything they promised, and got us a major settlement savings! My husband and I can\'t thank them enough!

snifflepuff13
2019, June 20, 1:42 pm

Coast one helped me out when I was up against the IRS

Coast one financial group helped me out when I was up against the IRS with a debt of close to $15,000. My ex husband left me in a bad place financially having lied on our last joint tax return. I also had some health issues that kept me from paying my taxes and instead paying for health insurance. Coast one handled all correspondence to and from the IRS as well as kept in touch with me throughout the whole experience. I settled for pennies on the dollar and can now resume my life tax debt free. I\'m so grateful for their help.

Donna S
2019, June 20, 1:31 pm

Coast one save me $34,000 in *** tax debt

Coast one save me $34,000 in *** tax debt the entire team worked me to get all info need for my settlement. I saw advertisement on tv for Coast One and had no I dead they could help me. We settled $440 great job guys!!!

Julie Churchill
2019, May 15, 1:43 pm

I was very happy

I was very happy with all people and quick responses. I would highly recommend this company

Cindy L
2019, May 3, 1:32 pm

My husband and I had about $40,000 in tax debt

My husband and I had about $40,000 in tax debt from some difficulties we had experienced a few years ago. The *** refused to make payment arrangements with us after we’d broken our past agreement following a job and personal losses. We’d seen these tax relief advertisements but wondered if it would work for us. I got an offer to help us by Coast One Financial Group.. I called them and left a message. An attorney called me back and asked if he told me for a few thousand (about $3000 I think) I he could help eliminate $10’s of thousands of dollars of *** debt. I said i’d Love to but didn’t have enough to pay them. He offered us a payment arrangement that we could afford and we did it. We ended up paying the *** $259.00 in exchange for eliminating $40900 of tax debt. We got the letter this week that our tax lien will be lifted within 30 days. This year we filed our taxes and paid them in full! What a relief and burden was lifted thanks to Coast One Financial and their attorneys. I would recommend them to everyone. They are amazing!

Reply from Coast1Tax :

2019, May 3, 1:32 pm

Thank you!

stephen k
2019, May 2, 1:59 pm

will tell many people to call

was very happy with the outcome will tell many people to call coast one for help and thank you.

Reply from Coast1Tax :

2019, May 3, 1:59 pm

Thank you!

Reginald G
2019, April 3, 2:00 pm

Coast One is the best hands down

Coast One is the best hands down, I would recommend Coast One to anyone who has any *** trouble. Everyone have had the up most respect for me situation and took time to walk me through it every step of the way until things was resolved properly. My hat goes off to the whole team. You guys rock

Reply from Coast1Tax :

2019, April 3, 2:00 pm

Thank you!

Cynthia K
2019, March 25, 2:01 pm

JUST AWESOME!!!

JUST AWESOME!!! COAST ONE FINANCIAL, SAVE MY LIFE, FROM ***** FOR YEARS I WAS AFRAID PAYING, MONTHLY PAYMENTS, BUT NOW I DON\'T WORRY ANY MORE FROM 30+ THOUSAND TO 3 THOUSAND DOLLARS IS AWESOME, AWESOME. THANKS, SO MUCH THEY DO WHAT THEY SAY THEY WILL DO. BELIEVE!!!!!! THANK YOU SO MUCH!!!!!!!

Reply from Coast1Tax :

2019, March 25, 2:01 pm

Thank you!

Ranting with Reg Hollywood
2019, January 15, 1:46 pm

step by step guidance

Thank you so much for your patience and step by step guidance, You guys are great and would recommend anyone who have a IRS problem to you guy. Thanks a million you guys rock. I appreciate everything you\'ve done

S. Atika
2018, August 30, 1:47 pm

I owed $44,000 and walked away paying $123 NO JOKE!

Coast One allowed me to have peace again. I was in debt over my ears and saw no way out. With a little time and patience they took me out of debt and gave me my life back. I owed $44,000 and walked away paying $123 NO JOKE! Thank you to the amazing team at Coast One!

Reply from Coast1Tax :

2018, September 1, 1:47 pm

On Behalf of Coast One, we thank you!

Coast One Tax Group - Payroll Tax Debt

Owe $10,000 or more in Back Taxes?

We offer the following services:

  • Tax Resolution
  • Tax Preparation
  • Tax Negotiation
  • Tax Lien Withdrawal
  • Tax Audit Representation
  • And More...

If you owe $10,000 or more in back taxes to the State or IRS, the team of tax experts at Coast One Tax Group is here to help.

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