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If you own or have owned a business with employees, the IRS assesses what is termed 941 or Employee Withholding Tax. This tax is due every operating quarter, and if it is not paid, penalties and interest will begin to accrue. If these taxes are neglected long enough, the business can be closed and all assets seized to satisfy the debt.
This is widely considered to be the worst form of tax debt as the IRS considers it "stealing" directly from the government. Depending on whether or not the business is still in operation, the taxes themselves may be negotiated down to a settlement, and the associated penalties and interest may be abated. As these cases vary substantially in intricacy, your assigned strategist will provide a detailed assessment of your options and map out possible affordable solutions.
Click here to negotiate your tax problems with the IRS.
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