941 Payroll Problems

Whether you run a small business up to a large corporation, one of the most important issues that may arise when filing your taxes is the 941 payroll problem. If your Los Angeles business has employees, then you will need to file and fill out the 941 section of the federal tax form. Unfortunately, too many business owners fail to file or fully fill out their tax forms and pay their payroll taxes, and the results usually come in the form of an aggressive IRS collection assessment or an audit and losing thousands, if not tens of thousands of dollars in penalties.

What is a 941 Payroll Problem?

For the Los Angeles employers who file quarterly federal tax returns, the 941 form will be part of what you file each quarter even if you do not have employees at the present time. The exception is seasonal employers who do regularly have no employees for certain times of the year. This usually covers those in agricultural and household businesses. Call our Los Angeles based tax representation firm today at 877-788-2937.

The 941 form requires you to fill out the number of employees who work for your business, the total amount of wages you paid, and the amount of taxes that were withheld which determines how much you send to the IRS. Your form will be backed by payroll records, taxable tips, and other documentation to verify the amounts stated on the form. The payment sent must equal the required 6.2% for every employee’s wage and the other required payments. Otherwise, the business runs the risk of having a 941 payroll problem.

Failing to meet the deadlines, not withholding enough money, or not paying enough to the IRS will create a 941 payroll issue. When this happens, you will need the assistance of our professional tax representation firm. Call our Los Angeles based tax representation firm today at 877-788-2937.

How a Professional Tax Firm Helps You

If you are having a 941 payroll problem with your tax returns, our tax firm can help. We specialize in helping businesses resolve their 941 employment/payroll matter by correctly fill out the proper forms, account for all the payments that need to be made, and calculate the money owed so that your business avoids running into trouble with the IRS.

Because the IRS generally charges a 5% penalty along with the tax that is due each month until the total amount is paid off. If you do not act quickly, you may be facing tens of thousands of dollars in penalties that will only balloon even more up to the 25% level. This means that you will need to act quickly if the IRS informs you of a payroll tax issue.

Our Los Angeles based tax services provide you with a means to assess the situation, stop the penalties from building, and reach an agreement that may save you a considerable amount of money. We have the specialized knowledge and experience to work with the IRS and protect your rights when you are facing a 941 payroll problem. Please call our offices and we’ll discuss your situation so that you can make the best-informed decision about what you can do to resolve your situation with the IRS. Let us show you why we are the best and bring you peace of mind.

Call us today at 877-788-2937 for reliable 941 payroll help.

Or boutique tax service firm led by Mike Habib serves clients in greater Los Angeles, Santa Monica, Beverly Hills, Whittier, Pasadena, Lancaster, Long Beach, Santa Ana, Irvine, Newport Beach, Orange County, Inland Empire, San Bernardino, Riverside, Corona