Past Due Payroll Tax Returns – Help & Settlement,Payroll Tax Settlements 1-866-700-1040
IRS you have past due payroll tax returns and need tax representation for payroll tax settlements is in your best interest to call former IRS agents and managers who have over 60 years of direct work experience and knowledge of the Internal Revenue Service.
We have worked in the local, district, and regional tax offices of the Internal Revenue Service and we have also taught tax law to new IRS agents.
We know the system, we know the format, and we know the tax settlement procedures so you can end and this nightmare today.
As former IRS agents we have worked thousands of cases including past due payroll tax returns and settlements.
There are some very important tax information you need to know if you owe past-due payroll taxes.
If you do not file your past due payroll tax returns IRS will file your tax return for you and this spells trouble
The IRS can prepare past due tax returns and assess taxes under the authority of IRC Section 6020(b); and they are taking advantage of this rule more than ever before.
For instance, in Fiscal Year 2012, $2.04 billion in 6020(b) assessments were levied. not only can the IRS file your past due payroll tax returns if you do not follow up on bills and notices that are sent to you the IRS can send out bank levies and third-party letters to any of your customers that all you money.
You need to avoid this embarrassing situation.
The Tax Law
IRC 6020(b)
IRC 6020(b) provides a way to prepare returns and secure assessments from non-filing taxpayers who:
1. Have an open filing requirement
2. Do not file a return as required
What is Business Returns IRC 6020(b) Processing?
Internal Revenue Code 6020(b) is the authority given to the Commissioner of the Internal Revenue Service to prepare and process returns for non-filing business taxpayers.
Delegation Order No. 182 (Rev. 7), extends 6020(b) authority to Internal Revenue Agents; Tax Auditors; Revenue Officers, GS-9 and above; Collection Support Function Managers, GS-9 and above; Automated Collection Branch Unit Managers, GS-11 and above; Customer Service Collection Branch Managers, GS-10 and above; and Tax Resolution Representatives, GS-9 and above.
Why this spells trouble for the business owner
When you do not prepare your past due payroll tax returns as stated above the IRS will prepare those past due payroll tax returns for you.
When IRS prepares your payroll tax return IRS will make sure that they take the highest average of all the years or periods and formally make a tax assessment against your business for the highest possible tax dollar along with penalties and interest.
IRS has the right to do this simply because the taxpayer has not filed their past-due payroll tax returns.
As a former IRS agent I can tell you have many tax options available to you to get penalties abated, settled and work out a payment plan.
If the IRS filed those tax returns you have the option of filing amended tax returns and reducing the payroll tax debt that the IRS is set up.
IRS tax settlements are in the form of an IRS offer in compromise/tax debt settlement.
Since every case is different and is unique, you should call us today so we can give you a free tax consultation and go over all your options on how to your settle your past due payroll tax returns.
Other Options
Another option beside the offer in compromise or the tax debt settlement program is the abatement of penalties and interest that may apply to past due payroll taxes. Sometimes IRS will not settle the case for various reasons.
For more details simply check our site regarding the abatement of penalties and interest. We have quite an extensive website regarding abatement’s of IRS penalties and interest.
Another option you may have is to start making payments on your back payroll taxes.
If you planning to stay in business and continue to operate the IRS is going to make sure that you are current and up-to-date on all your current tax deposits.
IRS will require a business financial statement which is IRS form 433-B.
They will carefully review that with you and work out a monthly payment arrangement.
I caution all taxpayers about giving IRS financial statements. Giving IRS a correct and accurate financial statement should be the work of a tax professional who can review it for accuracy and get you the monthly payment agreement that you need.
Call us today and speak directly to a tax attorney, certified public accountant, or former IRS agent and manager who knows the exact system on how to go ahead and deal with past-due payroll tax returns.
We can provide you the help you need, beer tax representative and work out a payroll tax settlement or provide you with immediate tax relief.
Past Due Payroll Tax Returns – Help, Representation Payroll Tax Settlements
