WHAT HAPPENS IF I DON’T PAY PAYROLL FORM 941 TAXES? Business Taxes Small Business Taxes Payroll Tax Help If you pay people to work for you, you are required to collect and pay payroll taxes. The IRS receives 70% of its annual revenue from payroll taxes, but 18% of the tax gap is due to unpaid or unreported payroll taxes. This tends to upset the IRS. What if you're part of that 18%? That's what this post is about. You can make this right, but like unpaid income taxes, unpaid payroll taxes incur penalties and interest. Defining Payroll Taxes The term payroll tax covers a little ground. In general, it means all employment taxes applying to your business. Those taxes can include: Income taxes FICA taxes Unemployment taxes Other taxes - state and local FICA includes Social Security and Medicare withholdings while income tax is withheld according to your employee’s W-4. Federal and state governments require you to pay unemployment taxes to help them pay unemployment benefits as needed. CONTINUE READING: https://advancetaxrelief.blogspot.com/2022/08/what-happens-if-i-dont-pay-payroll-form.html NEED HELP WITH AN OFFER IN COMPROMISE, TAX DEBT HELP, TAX PREPARATION, AUDIT REPRESENTATION OR STOP WAGE GARNISHMENTS? ADVANCE TAX RELIEF LLC Call (713)300-3965 http://www.advancetaxrelief.com BBB A+ RATED Advance Tax Relief is rated one of the best tax relief companies nationwide. #TaxAttorney #TaxDebtRelief #TaxPreparation