Archive / Employment Tax Debt

RSS feed for this section

Penalties for Completing IRS Form 941 Late (Or Not At All)

As a business owner, you may struggle to keep up with the myriad of obligations you hold to the IRS. From forms to withholdings, and sometimes, fines, it’s a lot to manage. IRS Form 941, in particular, tends to fall through the cracks. This quarterly form outlines taxes withheld on employees’ behalf, but all too […]

5 Consequences of Failing to Resolve an Employment Tax Debt

Between the complications of tax season and the annoyance of quarterly payments, many self-employed professionals are consistently tempted to skip out on tax payments. Few, however,¬†actually succumb to this temptation. If you fail to take care of self-employment tax debt, you may face one or more of the following consequences: Larger Payments With Interest Expect […]