Owe Back Payroll Taxes – Payroll Tax Relief, Attorneys, Former IRS 1-866-700-1040
If you owe back payroll taxes and need immediate payroll tax relief contact us today for free initial tax consultation.
We are comprised of tax attorneys, IRS tax lawyers, certified public accountants, enrolled agents and more importantly former IRS agents and managers who know the system on how to get immediate relief for those who owe back payroll taxes.
While at the Internal Revenue Service we taught tax law and we are tax experts and owing back payroll taxes. We know and understand how the IRS will give you immediate payroll tax relief.
If you owe back payroll taxes to the Internal Revenue Service there are generally three options that are available to you.
1. You may be able qualify for a business tax hardship,
2.may be eligible for an installment or monthly payment arrangement or,
3. you may be eligible for an IRS tax settlement program.
Everything will be depend on two things, the amount of time you need to pay back and your current financial statement that you must be able to fully document and provide proof to IRS
After the Internal Revenue Service verifies your financial statement they will move forward and close your case off the IRS enforcement computer.Being a former IRS agent teaching instructor is definitely in your best interest to hire a tax professional because owing back payroll taxes to the Internal Revenue Service as a much more serious matter because these are taxes that are held in trust for the employees. Back payroll taxes have IRS on high alert.
You definitely want to make sure you are not accruing payroll taxes because the IRS can make a criminal tax case that this exists.
Need a Back Payroll Tax Installment Agreement
Small businesses who currently have employees can qualify for an In-Business Trust Fund Express Installment Agreement.
These installment agreements generally do not require a financial statement or financial verification as part of the application process.
The criteria to qualify for an IBTF-Express IA are:
a. You owe $25,000 or less at the time the agreement is established,
b. If you owe more than $25,000, you may pay down the liability before entering into the agreement in order to qualify,
c. The debt must be full paid within 24-months or prior to the Collection Statute Expiration Date whichever is earlier,
d. You must enroll in a Direct Debit installment agreement (DDIA) if the amount you owe is between $10,000 and $25,000,
e. You must be compliant with all filing and payment requirements,
Do you owe Individual taxes to the IRS – Get a IRS Streamlined Installment Agreements
The Fresh Start provisions also mean that more taxpayers will have the ability to use streamlined installment agreements to catch up on back taxes.
Under the Fresh Start initiative, the maximum dollar criteria for streamlined installment agreements has been raised from $25,000 to $50,000 and the maximum term has been raised from 60 months to 72 months.
These installment agreements generally do not require a financial statement, but a limited amount of financial information may be required in the application process.
The Streamlined Installment Agreement criteria is divided into two categories:
Balance due of $25,000 or less, and balance due $25,001 to $50,000.
$25,000 of less in back taxes
The criteria to qualify for streamlined installment agreements with a balance due of $25,00 or less are:
a. You owe $25,000 or less, at the time the agreement is established.
b. If you owe more than $25,000, you may pay down the liability before entering into the agreement in order to qualify.
c. The debt must be full paid within 72-months or prior to the Collection Statute Expiration Date, whichever is earlier.
d. You must be compliant with all filing and payment requirements.
e. Individuals who owe any type of tax (Form 1040, Trust Fund Recovery Penalty, etc.).
f. Defunct businesses, including any type of entity and any type tax (Form 940, 941, 943, etc.).
g. Operating businesses are limited to income tax liabilities only (Form 1120)
IRS Tax Balance due of over $25,000 to $50,000
The criteria to qualify for streamlined/payment installment agreements with a balance due of $25,001 to $50,000 are:
a. You owe $25,001 to $50,000, at the time the agreement is established. If you owe more than $50,000, you may pay down the liability before entering into the agreement in order to qualify.
b. The debt must be full paid within 72-months or prior to the Collection Statute Expiration Date, whichever is earlier.
c. You must be compliant with all filing and payment requirements.
d. Individuals who owe any type of tax (Form 1040, Trust Fund Recovery Penalty, etc.).
e. Businesses are limited to defunct sole proprietors who owe any type of tax (Form 940, 941, 943, etc.).
f. You must enroll in a Direct Debit Installment Agreement.
g. A limited amount of financial information may be required during the application process.
h. Taxpayers seeking installment agreements exceeding $50,000 will still need to supply the IRS with a Collection Information Statement (Form 433-A (PDF) or Form 433-F (PDF)).
