Skilled Attorneys For Resolving Delinquent Payroll Taxes In Ohio
Sometimes business owners are faced with the choice between making payroll or making the payroll tax deposit. Keeping current on payroll tax obligations is one of the most daunting issues you will face as a business owner. Falling behind on your payroll taxes could result in a large penalty and interest assessments, making it even harder for you to stay current. If you are having trouble staying current with your payroll tax obligations, our advice is to file payroll returns even if you can’t fully pay what’s due. This helps reduce your overall penalty burden and makes it more likely your business can survive a significant downturn. Our CPAs and tax attorneys can mediate between you and the tax authorities to help negotiate repayment plans you can live with. We can also ensure that you are positioned advantageously to reduce your overall tax burden and avoid tax problems in the future.
Payroll Tax Collections And Penalties
Falling behind on your payroll taxes can lead to collection actions from tax authorities and, in some cases, even criminal charges. It is estimated that nearly 70% of all small businesses will have difficulty with payroll taxes during any given year. More than 1 in 4 of these businesses will ultimately have to close because of delinquent payroll obligations.
The worst thing you can do is ignore the problem. Our strategy at Mockensturm, Ltd. is to engage the tax authorities as soon as possible to avoid disastrous bank levies and garnishments. Keeping the IRS at bay is the best way to ensure a positive outcome when you can’t immediately pay your taxes. We have found that once we get involved, over 90% of our clients will ultimately have a plan in place to survive their tax difficulties and get back on track.
Our proven techniques and experience will help you get you back on track and avoid falling behind again in the future. After more than 20 years of work in this area of law, we have earned the trust and respect of local and federal tax authorities. They know we will aggressively work to resolve your tax difficulties, often those authorities will stop collection actions, wage garnishments, levies and other confiscatory actions to allow us the time needed to work through your tax problems and establish a long-term plan for success.
Please see our Client Testimonials to learn more about the outstanding service and representation that we provide.
Business Tax Lawyers And Experienced CPAs
At Mockensturm, Ltd., we are trusted by businesses in Toledo, Ohio, and the surrounding communities to manage business tax issues and protect businesses from aggressive IRS, Ohio and city tax collection tactics. We are led by a dual professional — an attorney and CPA — who is highly respected by local and federal tax officials. Our entire law firm is absolutely committed to providing our clients with the attentive personal service and outstanding results they deserve.