If you had known it would be this hard...If you're a small business owner, one of your constant headaches is making sure you're filing your payroll taxes correctly. You have to make sure you're taking out the right amounts in federal and social security taxes for your employees. You have to make sure you're reporting correctly to the IRS, and you have to make sure you pay the IRS those taxes every quarter, even if the payment could hurt your business.

Accidents happen...What happens though if you make a mistake on your reporting? Or worse, what happens if you don't pay on the taxes? What kind of help with payroll taxes can you get, and what can the IRS do to you?

As a former IRS-Hitman I can tell you that IRS revenue agents wait for small businesses to make a mistake on their payroll taxes. Small businesses, especially new ones can be a big payday for the IRS collectors once a debt from misfiled or un-filed payroll taxes occurs. So what help with payroll taxes is available?

The first step is admitting you need help. If you haven't hired an accountant or a CPA to help with you payroll taxes, you should. Even if you or someone you know is good at book keeping, someone experienced with filing payroll taxes with the IRS can save you a lot of time and stress.

You need answers...But you want to know what help with payroll taxes there is after the IRS has targeted you. Don't avoid the IRS; show that you're willing to work with the revenue agents. Whether you've made a mistake filing or missed a quarterly payment, pay any amounts owed immediately.

Why is paying immediately so important? First of all interest and penalties start accruing on the debt immediately and that debt can balloon very, very quickly. Secondly the IRS doesn't waste much time with small businesses before they start collection actions. They can shut your business down while they seize assets to pay off your debt if you can't come up with the cash. And you will probably not be able to recover from the loss of production while the IRS collects their due.

Losing your shirt...If your tax problem stems from a crooked partner or accountant stealing or embezzling money you can get help with your payroll tax debt by appealing to the IRS for a Penalty Abatement. If a debt is caused by a catastrophic event that was beyond your control, such as theft or embezzlement, the penalties on the debt can be removed which can reduce your debt by up to 30%. And that could be the help with payroll taxes that you need to make the debt manageable enough to work something out with the IRS.

Now you have the smoking gun...Use it!


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