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You are here: Experts > Business > Corporate Law > Tax Law (Questions About Taxes) > payroll tax question
Expert: John Kirk, CPA
Date: 9/13/2008
Subject: payroll tax question
Question
We were using an out of town payroll company in 2006 that went out of business in April 2006 and customers were taken over by another out of town payroll company. Both companies took out payroll taxes out of our bank accounts as usual and were supposed to deposit those with IRS for us. Suddenly now in 2008, we got an IRS notice that about 5600 dollars were not deposited and now we owe more 8000 dollars including penalties and interest. We contacted the second payroll company and they blame it on the first company that went out of business. We have no way to track those people down. I would appreciate your input how to handle this. What are my options ?
Answer
It is your responcibility to make sure deposits are made. You may be able to get out of the penalties, and the other company that took over the payroll should have taken over the liability as it was taken out of your account.
Contact the IRS about the situation and get help from a cpa in your area.
John
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