How to Get Business Tax Relief from an IRS Installment Payment Plan
How to Get Business Tax relief from an IRS Installment Payment Plan
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It’s no secret that
the Internal Revenue Service is making a huge effort to collect every last cent of unpaid employment taxes or unpaid payroll taxes the government is owed. In that spirit, the IRS is cracking down on small businesses with unpaid payroll taxes and past due employment taxes, which until recently have flown Largely under the radar. Any company with unpaid employment taxes or payroll taxes delinquent has committed a federal crime and can expect devastating results. If you have unpaid employment taxes or unpaid payroll taxes and are in need of business tax relief, here is what you need to do.
Unpaid employment taxes / unpaid payroll taxes tip # 1: Understand the gravity of your situation.
The IRS does not care Whether you stay in business or not – just as long as all unpaid employment taxes or payroll taxes owed past due are accounted for. You need business tax relief and negotiating a properly structured payment plan or IRS installment plan can help you manage your cash flow and cut in half new penalties.
Unpaid employment taxes / unpaid payroll taxes tip # 2: Get professional advice NOW. You might be tempted
to represent yourself before the IRS in your bid for business tax relief. Do not. This is the equivalent of defending yourself against murder charges without a lawyer. You are in over your head and have too much to lose.
To get tax relief
business, it is vital to get professional help from a tax attorney or Certified Tax Resolution Specialist to protect you, your company and employees. A qualified professional will be able to negotiate for business tax relief in the form of an IRS payment plan or IRS installment plan for your unpaid payroll taxes or unpaid employment taxes. A good tax attorney or Certified Tax Resolution Specialist will tell you how best to move forward so you can get the business tax relief you need and keep your livelihood.
Unpaid employment taxes / unpaid payroll taxes tip # 3: Move fast to protect your business.
If you are a candidate for business tax relief, contact a tax attorney or Certified Tax Resolution Specialist today. The penalties assessed on unpaid payroll tax / unpaid employment tax deposits or filings can dramatically increase in a matter of months. If you do not take immediate business tax relief action to deal with payroll taxes past due or unpaid employment taxes (and their escalating penalties) and get yourself on and IRS payment plan or IRS installment plan, you will find yourself out of business.
Unpaid employment taxes / unpaid payroll taxes tip # 4: Be prepared to defend your proposal for yourself as well as your business, point by point.
A tax attorney or Certified Tax Resolution Specialist will be able to analyze and articulate the real value of your business, taking every factor into consideration unique. The IRS will likely require you to submit a full set of financials for the business as well as for yourself. Your tax attorney or Certified Tax Resolution Specialist will submit a proposal for a business tax relief or IRS payment plan IRS installment plan and negotiate every federal objection point by point.
Unpaid employment taxes / unpaid payroll taxes tip # 5: Do not settle when seeking experienced and expert tax relief. In this weak economy
, many businesses – both big and small – are struggling to make their payroll tax deposits and many are falling behind. Delinquent employment taxes can be the “kiss of death” for many business owners as IRS payroll tax penalties can add up quickly. Payroll tax debt should be taken not lightly – IRS levies on wages and bank accounts can cause you to lose your business. Fortunately, there’s a solution to every problem.
This article was published at Bookkeeping Services of Charlotte, NC
