Best Tax Attorneys near El Cajon, CA

Most likely the IRS is asking about your old employer and your duties in that company for the purpose of determining who may be a "Responsible Person" for any unpaid payroll taxes the company failed to pay. This is a very SERIOUS problem which should not be taken lightly. Before you answer any questions, you must ask the IRS the purpose of their questions and if in fact they are concerning unpaid payroll taxes, you must immediately obtain professional help for the following reason: The IRS may be able to show that you were some how a "Responsible Person" and assess a penalty against you personally for part of the unpaid payroll taxes. This would allow them to collect from you, your assets or your income the payroll taxes that your ex- employer failed to pay to the IRS. As you can see this is not something to fool around with regardless of your innocence.

Yes, the IRS has the power to seize your home for unpaid taxes and hold a public auction to sell your property. You must owe over $5,000 before the IRS can take this serious action.

The best advice I can give you may not be what you want to hear, but it will stop you from getting in deeper trouble with the IRS and it should help save your business. This is what you need to do. First, prepare all old payroll tax returns and file them with the IRS even if you haven't paid a penny of the taxes owed. Second, pay your payroll taxes current for the period you're in today. Third, stay current with all future payroll taxes. If you do these three things you have substantially reduced the likelihood of the IRS closing your business. If you can't do these steps, then most likely your business is in serious trouble as well as your personal assets. The IRS is somewhat reasonable with business owners who get behind in payroll taxes, but who have at least filed all required payroll tax returns and are current for this period's payroll taxes. However there is no guarantee that your business is completely safe when you owe payroll taxes. Dealing with the IRS directly on payroll tax issues is a very delicate situation. One wrong answer could spell the end of your company. I suggest that any business with payroll tax problems get immediate professional advice and avoid any direct personal discussions with the IRS.

The IRS is only required to pay refunds on tax returns which are filed within 3 years of the due date of the return. It sounds like your four oldest returns must have fallen into this area because you filed them so late. I realize this doesn't seem fair, especially when those refunds could have been used to pay off the other years in which you owed taxes. Any other reader who thinks he or she may be entitled to refunds for years not yet filed should contact my office immediately. It's bad enough to have to pay taxes, but to lose a refund for filing late is a bitter pill.