AFFORDABLE Former IRS Agents and Managers who Know the Systems, Since 1982. 941 Payroll Debt Specialists
As former IRS agents and managers we know every possible solution to remedy yourself and your business from 941 business tax debt.
We know all the methodologies the settlements of protocols, the systems and formulas to get you an affordable IRS tax settlement.
We have over 65 years of direct work experience in the local, district, and regional tax offices of the Internal Revenue Service.
Not only were we former IRS agents and managers were also teaching instructors in on-the-job instructors as well.
We know how IRS works are cases inside and out. we were part of the system and understand how to get in and out of these cases as fast as possible.
How IRS Works Cases on Payroll Tax Debt
When IRS works any business case that involves payroll taxes one of the first things they will ask for is a current business financial statement on a form 433B, that is the only form Internal Revenue Service will use for the evaluation of the business.
In conjunction with the 433B, the IRS will also ask for a personal financial statement to evaluate your current individual finances as well.
IRS will expect that financial statement to be completely documented and verified. IRS will conduct a thorough review on your financial statements.
As a general rule IRS will close the case out using the below closing methods.
- After assessing of your financial statement, the IRS may determine that your presently a hardship and are currently not collectible, which means you simply cannot pay the debt at this time and IRS will read of you evaluate the case in two or three years.
Keep in mind that interest and penalties will continue to run however IRS will expect you to stay current file all tax returns.
2. Monthly Installment and or Monthly Payment Agreements.
Your current financial statement may dictate that you have money left over at the end of the month to pay IRS back taxes.
The importance of filling out your financial statement correctly will determine in fact that you do have the ability to pay back and that IRS does not force you to make a payment you cannot make.
You will find out many times at the IRS’s forces taxpayers into making a payments that is impossible for them to make. Do not be trapped into this position.
That’s why it is critically important that you get a true tax professional expert who understands IRS and can get you a reasonable payment agreement with IRS and not forced installment payment.
3. Offer in Compromise, Pennies on a Dollar
The offer in compromise allows you to settle your payroll tax debt for pennies on a dollar.
You must understand the strict policies of the offer in compromise because they are very tight, rigid and strict standards to get the offer accepted.
Last year 38,000 taxpayers businesses and other entities had their cases settled by internal revenue service through the offer in compromise for an average of $6500. Keep in mind this is the national average.
There is a pre-qualifier to let you can walk through to make sure you are qualified and suitable candidate.
If you owe back business tax and want to consider a tax settlement, installment payment agreement or to be placed into a current hardship call us today for free initial tax consultation.
Please Take Note
Anytime you are dealing with Internal Revenue Service it is critical that all tax returns are filed and you are making current tax payments in the month or year that you were in.
Many times if IRS feels you cannot maintain your current payments they will not enter into installment payments consider an offer in compromise or place you in hardship. The best option they may have is to close the entity down. Call us today to learn more.
We can find ways to keep your business open and keep IRS happy.
We are true IRS tax experts and have a specialty expertise in the negotiation of IRS business tax debt.
941 Payroll Tax Debt Settlement + Affordable IRS Employment Tax Debt Specialists + Former IRS + Since 1982
