PFG Tax 941 Employer's Quarterly Withholding Tax
PFG Tax or Phoenix Financial Group is a tax resolution firm located in Broomfield, Colorado. They specialize in helping businesses resolve their past 941 Withholding Taxes.
Form 941 is a quarterly tax return used to reconcile payroll taxes including Employee Withholding, Social Security and Medicare. These taxes are paid by going to www.eftps.com.
Businesses fall behind by not making the required Federal Tax Deposits. In most cases businesses have encountered some kind of cash flow problem. The cash flow problems can be caused by all sorts of reasons such as a hardship like a natural disaster, bad economy, bad debt, embezzlement or just under capitalization.
The penalties can be quite severe when it comes to owing this type of tax. It can be a challenge for a business to get back on its feet. The IRS can also exercise enforcement action to either collect the past due balances or simply put someone out of business. Enforcement action can take the form of liens, levies or ultimately seizure of assets. PFG Tax strives to protect client's assets and reduce their overall balance.
PFG Tax can help a business resolve its back taxes. The first step to resolving a past due 941 tax debt is to get back into compliance. This means that a business still owes back taxes but it has stopped accruing any new balances and has filed all of its tax returns. Once a business is back into compliance, it has a lot more rights and the IRS is more likely to back off for at least a short period of time. A payroll service like ADP is a good thing for a business that owes 941 taxes to use. A payroll service is viewed favorably by the IRS. They feel that a business is less likely to fall behind if it is using a payroll tax service.
PFG Tax has Enrolled Agents and Tax Attorneys on staff who deal exclusively with the collections divisions of the IRS. Our tax professionals don't focus on any other type of law. PFG Tax an be reached at (888) 572-2179. Phoenix Financial Group has an A+ rating with the Better Business Bureau.
