
Falling behind on 941 payroll taxes is one of the most dangerous situations a business owner can face. When you withhold taxes from your employees' paychecks but fail to send that money to the IRS, they view it as theft.
The IRS assigns their most aggressive Revenue Officers to payroll tax cases. Worse, they can pierce the corporate veil and hold you personally liable through the Trust Fund Recovery Penalty (TFRP), seizing your personal home or cars.
Bernell Ward provides urgent, strategic defense for Bronx businesses facing payroll tax crises.
Our business tax survival strategy:
Frequently Asked Questions:
Can the IRS shut down my business for unpaid payroll taxes? Yes. The IRS can seize your business assets, freeze your merchant accounts, and essentially force your doors closed if you ignore payroll tax debt.
Who can be held personally responsible for payroll taxes? Anyone with the authority to dictate how funds are spent. This can include owners, CEOs, CFOs, board members, and sometimes even the bookkeeper.
Ward's Accounting Service, Inc. is a professional tax representation and accounting firm. We are not a debt settlement company and do not provide debt services for non-tax-related debts, such as credit cards or personal loans. Our services are focused exclusively on IRS and State tax matters.