Because there are 5.73 million employer firms in the US, the IRS cannot possibly track whether every organization has paid the right property taxes, on-time, so instead relies on organizations to do so on a voluntary basis. When their system flags an employer for not paying their payroll taxes on time, a process is initiated to collect the amount due that includes an array of punishments for non-compliance that range from painful to truly hellish. After all, payroll taxes accounts for approximately 70% of annual revenue collected by the IRS. Here’s what happens when you fail to pay your payroll taxes on time and how to avoid doing so. ..