Not paying your payroll taxes is indistinguishable from stealing your employees money in the eyes of the IRS. This is because a large portion of this money is your employees withholdings.
As a result for failing to pay and file your payroll taxes, the IRS will multiply the amount you owe in a very short time.
This is not something the IRS is passive about. In fact, they will seize your business assets, close your business and sell your assets at auctions to get their money. The IRS would rather put you out of business than let you accumulate additional payroll tax liabilities.
However, if you are behind in your payroll taxes, do not meet with the IRS without a representative. At Van Bulck Ratliff CPA Firm PC we know how the IRS operates and can help you answer the IRS’ initial questions. The answers to these questions will determine whether or not your business gets to stay open.
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