940 And 941 Payroll Tax Problems

Bottom-line the IRS wants there money. Business owners have retained and withheld money due the IRS. The only problem is, between the time of the withhold and the time the IRS was suppose to receive there quarterly or yearly payment, there was no money to pay. This type of situation can be mediated quickly by paying the IRS plus interest and penalties otherwise this can turn into a long drawn out affair involving a field agent, conducting a field investigation, leading possibly to a field audit.