When it comes to payroll tax obligations, there are many filing requirements and strict responsibilities. As a Bartlett business owner, you must make quarterly tax deposits to the IRS and complete a series of filings for all Bartlett payroll taxes withheld. Failure the accurately account for payroll tax obligations is considered a severe violation.
Bartlett payroll taxes often create the most significant problems for small business owners. Unlike individual accounts, the IRS is not bound by restrictions from Congress that protect civilian living standards. This means IRS officers have more leeway to pursue delinquent payroll tax accounts than with individual accounts.
Businesses are easy targets for the IRS, and they are tremendously assertive while pursuing the collection of this type of tax. They would instead seize your business assets, close you down, and sell your assets at auction than allow you to continue amassing additional payroll tax liabilities.