IRS Tax Relief Programs - How to Get Enrolled?

So you've prepared all your worker's self-governing contractors instead of employees to save payroll taxes you've been paying. It sounded like a great idea.

• You saved thousands of dollars on service taxes
• You didn't have to worry about filing payroll (941) tax returns
• You saved the quarterly payroll processing charges you've been paying
• Maybe even your accountant recommended it to you

Well, it’s a bad idea... and now you know it.

• You're troubled bad that you're going to get caught
• You've read that the IRS launched a direct program specifically targeting this issue that's about to go into full force in the next few months
• You realized that having your workers sign an agreement isn't worth the paper it’s written on
• And you're months (if not years) out of compliance

What are you going to do?

You’re most likely asking yourself

• If you begin paying payroll taxes now, aren't you going to raise red flags?
• What about the back taxes? How are you going to pay these?
• What if you just start a new company? Will, that work?
• What about the employees? Are you going to have to pay them more now that you're withholding payroll taxes?
• What about the 1099 forms you never gave them?

Who is appropriate? To be eligible, you must:

• Every time have treated workers in the past as non-employees
• Filed all required forms 1099 for the workers for the past 3 years
• Not currently be under IRS audit
• Not currently be under audit by the Department of Labor or state agency concerning the classification of workers

What will the tax relief program cost you?

What are the benefits of the tax relief program? The benefits are massive. You'll pay no interest or tax penalties. And you will not be audited on payroll taxes related to these workers for prior years. Payroll tax penalties are huge and can save you thousands.

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Created on Jul 4th 2019 07:40. Viewed 275 times.

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