When it comes to unpaid payroll taxes and unfilled payroll returns, the IRS utilizes a scorched earth strategy of Enforced Collections. Enforced Collections happens when a Company doesn't pay its taxes, and an IRS Revenue Officer takes the Company's assets. Typically a Revenue Officer will levy the company’s bank accounts and if that isn’t enough, the Company’s Account Receivables; Equipment; Automobiles, etc. Enforced collections are extremely disruptive and entirely unpleasant. Additionally, the IRS has the authority and ability to close a business down for non-payment of payroll taxes. And if the business is already closed, or files for “bankruptcy protection” the IRS simply looks to the owner, as a personal guarantor. This includes penalties, interest, taxes and trust funds. In the case of a corporation or partnership, the IRS also looks to the person who was responsible for paying the company’s bills. In fact, the IRS will assess a 100% penalty against anyone who they feel or even suspect is responsible. Accordingly, if your business has fallen behind, you need an experienced advocate to stand up and protect your rights. With Selig & Associates by your side, you’ll be represented by an experienced federal tax practitioner and attorney every step of the way. Call us today for a free face to face consultation. (212) 974-3435 or visit us online @ truetaxhelp.com
NYC Tax Advocates
- Payroll & Sales Tax & Workers Comp Audit Representation
- Specializing in IRS and NYS Tax Representation. Workers Compensation Audits, Payroll, Sales and Income Tax representation for Businesses, Individuals, Restaurants and Construction Companies. Civil and Criminal Workers Comp Audit representation includes: NYSIF Examinations, Premium Disputes, Employee Misclassification, Underreporting, Unreported Income, and Failure to Keep Accurate Payroll Records.
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Selig & Associates is a boutique Tax Representation and Risk Management Firm specializing in unpaid tax obligations and commercial insurance coverage
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