Can payroll return be filed without paying the tax?
A business owner must consider the consequences of any decision before making it. Handling fiduciary fund is one of such delicate decisions. Although employers pay a portion payroll taxes out-of-pocket for their employees, about 50% of the payment is made on behalf of the employees. If the returns are not filed and full payment is not made, the employer will be assessed nonfiling penalties and interest. If the returns are filed without payment, a small amount of penalties with interest may be assessed. The best option is to file and pay. In the event of some financial difficulties, file the return and postpone payments.
