Tax Audits

 

When the Internal Revenue Service seeks to audit your personal or business tax return, you need professional representation.  When the red-flag goes up, the auditor begins to dig.  One area of particular difficulty for some taxpayers concerns the Payroll Income Tax Withholding and Sales Tax Collection and Remittal Obligations.  Known as Trust Fund Taxes, this area of tax compliance is vital for business owners and managers to monitor closely.

 

Where a business is not compliant with its payroll or sales tax collection and remittance obligations, the Internal Revenue Service and or the New York State Department of Taxation and Finance will pursue corporate officers, members of the board of directors, shareholders, members of limited liability companies, partners, or any person deemed to be the responsible person for the withholding and or collection and remittance obligation.

 

It is a very tough battle for the taxpayer responsible for the payroll and or sales tax collection and remittance, especially where the business appears headed towards insolvency.  If you are that taxpayer, do not waste time; you need professional representation.  Click Here! and set up an appointment to discuss your tax audit.