My Small Business Owes Back Taxes
Business tax debt is more dangerous than personal tax debt because of personal liability exposure.
If your business owes payroll taxes, the IRS treats it as a priority. The Trust Fund Recovery Penalty makes owners and officers personally liable for 100% of the unpaid employee withholdings. This means the IRS can come after your personal assets, not just the business.
If your business owes income tax or has unfiled returns, the consequences are serious but less immediately dangerous than payroll tax problems.
The Priority
Get current immediately. The IRS will not negotiate about past debt while you're accruing new liability. Once you're current, the resolution options are the same as individual cases: payment plan, OIC, or CNC. But the personal liability layer makes professional representation essential.
If your business has tax problems, call today. Business cases escalate faster than personal cases.