Frequently Asked Questions
Headquartered in Encino, California with multiple local branch offices in your backyard to serve you at your convenience. Leading Tax Group can schedule a face to face consultation to represent your case with the IRS, FTB, EDD, as well as CDTFA Audits.
In most cases, the employer is held accountable for unpaid payroll taxes. Sometimes, other officers /payroll processors can be held accountable, especially if Civil or Trust Fund penalties are assessed.
This varies based on IRS categories. It is typically related to the volume and frequency of your payroll overall. However, the quarterly tax and wage report should be filed before the last day of the month following the calendar quarter.
If you want to make payroll tax deposits and file a return to report, the Electronic Federal Tax Payment System (EFTPS) is the best tool to use. Keep in mind that you need to set up an account before you can file and pay payroll taxes.
You will get penalties and collection action can be taken against you to recover the money. Remember, shutting down your business operations or filing for bankruptcy can trigger an audit. Call Leading Tax Group for professional tax assistance.
The short answer is Yes. The IRS can also impose Civil Penalties/ Trust Fund Recovery Penalties individually to the principals of a business. This can add to your troubles, so it’s best to Call Leading Tac Group for assistance as soon as possible.
Penalties can be assessed and collection action can be taken against you. Extreme measures, such as shutting down your business operations, usually trigger an audit. Call Leading Tax Group for quick assistance with your payroll taxes.