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941 Payroll Tax Resolution Process: An Intro

Written by Jacob Merkley on July 1, 2019

The 941 Payroll Tax Resolution Process: An Introduction

If you are a construction or trade contractor and you owe Trust Fund Payroll taxes to the IRS, you are in the right place. We know you don’t have a ton of time to waste. You wear a lot of hats (sometimes quite literally):

  • Managing projects
  • Handling the operations work
  • Hiring and firing staff
  • And likely also on-site doing labor assignments as needed

We know it keeps you busy all hours of the day.

YouTube Channel: Construction & Trade Contractor Tax Talk

But the IRS is keeping you up all hours of the night too (do you ever sleep?)

We respect you for the work you do! For keeping your chin up in hard times, and grinding every day in a difficult industry and profession. We also respect you for having courage to learn more about the tax resolution process in hopes to get your business right with the IRS.

It’s not an easy thing to do; yet here you are.

We plead with every hardworking contractor that is in tax trouble to learn on our website. Learn as much as you can to help face the brunt of the IRS collections force head on. You deserve a chance to get things moving in the right direction. That’s what The Tax Blueprint (our blog) is meant to help you do.

What is Tax Resolution?

Tax Resolution is the process of getting a taxpayer’s tax debt corrected with the IRS. In essence, it’s a chance for a fresh start. It is also a way to negotiate a plan to pay taxes from the past.

Tax resolution is like demolishing a house and then rebuilding a house from the ground up. Tax resolution becomes the foundation for building a good tax house and becoming a “good little taxpayer”.

The Internal Revenue Service (IRS)

If you aren’t a “good little taxpayer”, the IRS can do nasty things to you that are legal:

  • Liens on business property and assets
  • Levy or seizure of business property and assets
  • Massive penalties and interest for a number of reasons.

The IRS is a collection agency, so they have a host of resources to legally collect your debt. And everything they do is to do one thing:

To collect a debt; it is really that simple.

At the end of the day, the IRS does not want to levy your payroll bank account. But they will because it might help you move into action to finally resolve your tax debt.

Get Your Payroll Tax Debt Taken Care Of

Tax resolution, and specifically 941-payroll tax resolution, can be complex. Resolving your case with the IRS is not an easy process. There are a lot of things to keep in mind and a lot of moving parts. The IRS Code, IRS Manual, and IRS Publications are typically anything but easy to understand. Our blog, The Tax Blueprint will help you with actionable steps to get your tax debt taken care of.

We didn’t want to cut any corners providing information to you. Instead, we turned the entire tax resolution process into a few different articles. Each of these articles include bite-sized, digestible information and specific actions to get your case back on track.

Parts of the Article Series

You can find each of those series parts here:

This article series is really good for those that:

  • Are handling a tax debt problem themselves,
  • Have a desire to understand what a professional representative is doing (or, unfortunately, sometimes not doing), or
  • Need to determine whether or not to hire a professional

This article series will help you start laying the right foundation to getting you back on track with the IRS.

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NEXT ARTICLE: The Tax Resolution Cycle (Where Are You?)

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The Payroll Tax Resolution Cycle (Where are you?) 

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What COVID-19 Means for Your 941 Payroll Tax Debt 

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Time Components: Is Time On Your Side or the IRS? 

Tackle Your Payroll Tax Debt

Proven Strategies Every Sub-Contractor Business Owner Should Know While Dealing With the IRS.

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