allen tx payroll tax problems: Plano TX - 3 Strategies for Resolving Payroll Tax Debt Effectively - 04/21/20 03:22 PM
As we’ve covered in the past few blogs, Payroll Tax Debt can become a nightmare for a taxpayer who gets behind. In addition to the potential late filing and late deposit penalties to a corporation, LLC, or partnership for unpaid taxes, there is also the potential for personal liability, know as the TFRP.   When taxpayer’s come into our Richardson TX office with Payroll tax debt, we work to minimize personal exposure while effectively resolving the taxes.
 
Today we will discuss three strategies to reduce liability, including personally liability, if faced with Payroll Tax Debt. How you will address the payroll tax … (0 comments)

allen tx payroll tax problems: Plano TX - The Penalties for a Business Not Paying Payroll Taxes - 04/06/20 03:45 PM
When business owners come into our Richardson TX tax office with a payroll tax debt issue, it’s often more complex than a typical IRS 1040 tax debt problem.  Payroll Tax Debt not only may involve risk at the corporate or LLC level, but both owners and possibly other “responsible persons” can be held personally liable for taxes owed. In rare cases, the issue can become criminal.  Because of this, I often need to protect the client and resolve the debt at both the business and personal level. 
 
How Does The Problem Occur?
It typically starts out simple enough. The business owner has … (0 comments)