http://taxhelpmobile.com/tax-h... If you have unpaid payroll taxes which you've withheld from your employee's paychecks but have not deposited...this serious problem only gets worse when you consider the penalties assessed by the IRS.
There is a time sensitive four-tier penalty system for late deposits. These are known as cascading penalties because the later the payment, the bigger the penalty. The penalty rate assessed depends on the number of days a deposit is late starting from the due date of the tax.
For instance, a payment that is less than 5 days late will have a 2 percent penalty. More than 15 days and the penalty jumps up to 10 percent. Once the IRS has to ask you for the payment, the penalty jumps to 15 percent.
If you are currently behind on your payroll tax payments, we can help. We can make sure your payments are applied in a way that will get you caught up and minimize your penalty. Go To www.TaxHelpMobile.com or Call us at at 251-990-3261 or toll free 877-254-4254 to schedule a free hour-long consultation with our experience tax professionals.
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