IRS tax issues can be the downfall of many otherwise successful businesses. Failure to file and pay your income & payroll taxes is a sure way to get in trouble.
Business Tax Resolution
If you run a business you pay income taxes and if pay employees, you will deal with payroll taxes. Income taxes along with Social Security, Medicare and tax withholdings are just part of normal operations. Failure to file and pay your income & payroll taxes is a sure way to get in trouble. It can lead to large IRS penalties and debt, but may also be considered a federal crime.
Penalties assessed on delinquent payroll tax deposits or tax filings can dramatically increase the amount owed in just a matter of months. If you don't take quick action to address business tax audits and payroll tax problems, you will find yourself quickly out of business. We can help you with;
- Back Tax Returns
- Payroll Tax Problems
- IRS Audits
- IRS Bank Levy
- IRS Notices
- Offers in Compromise
- Installment Agreements
IRS tax issues can be the downfall of many otherwise successful businesses. There are many businesses that still use the proceeds collected from payroll taxes to pay their operating expenses instead of payroll taxes. This can get you in trouble with the IRS very quickly. The money collected from employees to pay their share of federal withheld tax, FICA and Medicare (Social Security) does not belong to the business and must be accounted for and paid to the government. Generally, one must make a federal tax deposit (by tax filing service, EFTPS, or phone) three days after the pay date of the payroll checks. If you are missing these payments, you will hear from the government.
If the IRS can’t get the payments from the company, they will start action against officers, directors, owners and others involved. If the IRS can’t collect, they will move to shut down the business and sell the assets. That is where we come in...to help you find a solution.
We have helped firms of all sizes resolve their tax debt problems and the continuation of their business. We understand that business owners need working capital and cash flow to keep their Arizona businesses running. Our goal is to resolve your tax issues so that you can move on with what you do best, running your business.
Do More Than Succeed - Thrive!