Payroll Tax Negotiation
  • April 19, 2017
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Paying taxes on time is a civic duty and any deviation can lead to undesirable consequences. If you owe the government a payroll tax debt, the IRS (Internal Revenue Service) has a lot of tools to seek recourse, such as penalize you, take over your business, and seize your bank accounts. The only way to get out of such a problem is to face it head-on as soon as possible, but before you get to that point, here are a few prerequisites that must be followed to increase chances of success in your payroll tax negotiation. Read on.

Must Read: Solving Payroll Tax Problems for Companies

1. File Your Payable Tax Returns

To begin the payroll negotiation process, it is imperative to file your payable tax returns without delay. Make sure that you file all outstanding returns, even if you cannot pay them yet. This is important as the IRS will refuse your request for Payroll Tax Negotiations until you complete this step.

2. Make Current Payroll Tax Deposits

Once you are done filing unpaid tax returns, fulfill your current payroll tax obligations. If you want your payroll tax negotiation to be successful, comply with the current IRS tax liabilities by making the current payroll tax deposits. Before someone raises an issue over it during the negotiation process, make your current deposits as soon as possible.

3. File Form 433-B

Business owners that owe taxes to the government but cannot pay immediately must file IRS Form 433-B. You can download it from the IRS website. Fill out the form with complete and accurate information, as it helps the IRS determine the amount of money you can afford to pay each month on your unpaid debt to the government.

Must Read: How To Pay Payroll Taxes To The IRS

4. Provide Supporting Documents

After filing the Form 433-B, you are also required to provide the government with all the important documents to support the information given in the form. The documents are useful in keeping a record or verifying the information given in the form. The documents required may include recent payroll summaries, bank statements, proof of federal tax deposit statements, and a copy of your business’ monthly bills.

5. Send Written Request for Installment Agreement

If you cannot pay your dues at once, you will be required to put your request for an installment agreement in writing. Decide on an amount that you are able to pay each month and submit the request in writing rather than communicating verbally. A written request or document provides important evidence that protects you in the event of a dispute and during agreement modification.

6. Adhere to the Deadline

You and the IRS agent overseeing your case will decide on a date or deadline on which you need to submit the required documents and information regarding the outstanding payroll taxes. It is important for you to adhere to the dates and deadlines, as failure to do so will force the IRS to seize your money and business.

Must Read: The Law, Costs, and Benefits of Payroll Taxes for Employers

Way forward

IRS takes payroll tax returns seriously and slacks or delay in dealing with any issues can put your business and wealth at risk. To avoid such circumstances, it is essential for you to take each and every step with caution. If you are having trouble understanding or following the payroll tax negotiation process, call The Law Offices of Nick Nemeth. We are a reputable firm with a proven track record that helps people with IRS tax debt resolution. If you are facing IRS debt problems or have any questions on payroll tax negotiations, call us at (972) 426-2553 or fill out this form and we will contact you to schedule your free, no obligation, consultation with Attorney Nick Nemeth.

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What Our Clients Have to Say

Susan WilsonSusan Wilson
03:27 25 Jan 23
I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.
Sarah HowardSarah Howard
03:44 14 Nov 22
I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.
00:33 07 Aug 22
I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.
Spoilly GirlSpoilly Girl
23:49 03 Aug 22
The Nemeth Law team is exceptional. They treat their clients like a family member who is in crisis. They want you to get the best possible outcome. I really appreciate everything that they did for me. Jake and Ashley had the greatest role in my case and it all turned out for the best for me. Thank you Nick and team for easing my fears and getting me through the long process. I'm truly grateful.
Eddie WaltEddie Walt
19:44 12 Jul 22
During a time in which competent, professional service at a fair price seems to have disappeared, Mr. Nemeth and his team are a refreshing breath of fresh air.From my first phone call to the final settlement of our case with a non-responsive IRS, they under-promised, over-delivered and were in constant courteous contact to make sure we knew exactly what was happening and where we stood.I hope to never need their services again, but, should I receive another friendly letter from the IRS...I know who to call!
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