Payroll Tax Problems
As a serial entrepreneur, Orlando tax attorney Charlie Price understands the problems business owners face in regards to cash flow and the IRS. Many business owners fail to pay the taxes they owe to the U.S. government, particularly money collected from employees.
Charlie Price can tell you from experience – do not do this! Failing to pay your taxes, especially as a business owner, is a slippery slope that can potentially result in jail time if the IRS and U.S. government come after you. This essentially stealing from both the employees and the government.
Sales Tax Problems
Business owners also frequently face sales tax problems. The revenue department is much more difficult to deal with than the IRS. Where the IRS is usually willing to work with you when you fail to pay taxes, the revenue department generally does not. This is why it is critical to stay up to date with your sales tax issues. While a tax attorney can help, you must be proactive and attempt to rectify the problem before the revenue department shuts you down.
Contact an Orlando Tax Attorney
Failing to payroll or withholding taxes is not dischargeable in a bankruptcy. Even if your business goes under, the IRS can come after you personally. If you have failed to pay taxes as a business owner, contact Price Law Firm today for a free consultation. Get the help you need before it’s too late.