Tax resolution firm, field case
The restaurant that kept falling behind on payroll tax
Illustrative example. Not an actual client.
The facts
A payment plan on the business’s unpaid payroll tax.
Field representation and cash flow help. A revenue officer was assigned and wouldn’t discuss an agreement until current deposits were made. Two more quarters had been missed, and the owner’s personal liability interview was on the calendar.
- Payroll tax deposits still missed, so the balance was growing faster than any plan could pay it
- About $1 million in steady sales, with vendors paid first when cash ran short
- An owner who had taken almost no pay in a year
- A personal liability interview ahead, which needed preparation
- IRS Field Agent Representation (Business)
- Personal Payroll Tax Liability Defense
- Payroll Tax Catch-Up
- 13-Week Cash Flow Plan
- Profit & Owner Pay Reset
- Payroll Tax Deposit Watch
Deposits brought current, a representative at every revenue officer meeting, and an agreement on the business balance. The owner went into the personal liability interview prepared.
Every deposit checked monthly, cash planned 13 weeks out, and the owner on a regular paycheck.
A field case covered in an area where the firm has no representative, and six services offered in its name.
The story
His parents opened the restaurant, and he took it over fifteen years ago. It’s busy most nights. When a cooler died or food costs jumped, he paid the vendor and told himself he’d catch up on the payroll deposit next month.
Next month never came. By the time the revenue officer called, three quarters were missed, and he was paying himself less than his line cooks.
No payment plan could work while new quarters kept going unpaid. And the revenue officer wanted to talk about making him pay the business’s debt personally.