BizSugar.com › Taxes › IRS Unveils Initiative to Address Late Payroll Taxes

No one likes dealing with tax fees and sometimes they seem to pop up at the worst times.
A late, short or incomplete tax payment can quickly snowball into a mountain of fees, interest charges, and penalties. A new effort called the Early Interaction Initiative hopes to help avoid needless accruement of these sorts of charges.
As the statement on the IRS website reads, “The initiative is designed to help employers stay in compliance and avoid needless interest and penalty charges. The initiative will seek to identify employers who appear to be falling behind on their tax payments even before an employment tax return is filed.”