Business owners who fail to remit employee payroll withholding taxes (Form 941′s) are putting their companies in a position to be shut down by the IRS over payroll issues. The IRS actively collects on this type of tax far more aggressively than any other tax obligation.
If you haven’t filed a tax return in a while, you need to file delinquent tax returns. It’s in your best interest to file returns for those missing years as soon as possible. The longer you wait, the higher your possible tax liability.