Tax problems are stressful. Penalties mount and and interest keeps accruing even when the IRS isn’t knocking on your door. If you owe the IRS, you can save yourself a lot of stress and unnecessary expense by talking to a licensed tax relief professional about your real options.
We review tax relief companies so you can hire the best one for you.
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Should You Hire a Tax Relief Company?
Tax Types and Situations That Can Benefit from Expert Help
- Payroll Tax
- Sales Tax
- Work Comp
- Income or Gains
Businesses often fall behind in taxes to the IRS or state for a variety of reasons . The stakes can be very high for a business because the government has the ability to seize business bank accounts and assets, and in some cases not renew licenses to do business. A good tax relief company can stand between the business and the taxing authority, buying you needed time and also ensuring bad things do not happen to the company’s assets.
- Income Tax
- Personally Assessed business taxes
- Early withdrawal of a 401k or other IRA
Whether you didn’t file your taxes or didn’t have the money to pay, a tax relief company can help get you back in favor with the IRS and state, making sure you do not pay more than you owe. The IRS will actually file a Substitute for Return if you do not file a tax return, and the amount they claim you owe is almost always more than if the return is done correctly, utilizing the deductions you deserve.
- Bank Account Levies
- Accounts Receivables Levies
- Wage Garnishments
- Pension of Social Security Garnishments
- IRA Seizures
- Physical Asset Seizures
If you have had any of the above the time to act is now. A good tax relief company can usually stop or reverse these actions if you act quickly. If you’ve received threat of any of the above, the time to act is now to ensure your income and assets are safe.
Unfiled Tax Returns
If you have not filed all your taxes returns, whether business or personal, it is a good idea to have a tax relief company protect you while you get the filings done. If your taxes are not filed, the IRS will not even consider talking about reductions in penalties and associated interest, or any type of reduced settlement offer.
Note: Statues of Limitations (the time the government has to collect) begin when a tax return is filed, not when the taxes were accrued.
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Note: the following is NOT intended to be legal advice. The following is an overview of the most common tax problems and related tax terms. For specific answers to your specific ...