Payroll Tax Debt Relief
Have you fallen behind on payroll taxes? It’s understandable when you are busy running your business. You are not alone as it is common for employers to unintentionally find themselves in a position of playing catch up. You may find yourself overwhelmed especially when the IRS is harassing you to pay your payroll taxes. While businesses may experience financial hardships, you cannot simply ignore your tax debt. You must confront your tax issue head on to avoid undesirable penalties and high fees.
As unfortunate as the situation is, there is light at the end of the tunnel for business owners. Start Fresh Tax Relief offers payroll tax relief to business owners that have fallen behind on their payroll tax obligations. Regardless of the reason that you are delinquent on your payroll taxes, you must address the outstanding taxes. Our professional tax experts will assess your circumstances to provide you the best options to resolve your tax debt.
Offer in Compromise
Were you aware that it is possible for you to settle your debt with the IRS for just pennies on the dollar? It’s absolutely true. The program, Offer in Compromise, allows business owners to settle their tax obligation with the IRS. The Offer in Compromise program takes into consideration tax debt that has been incorrectly assessed or for liabilities that business owners cannot afford to pay. However, the program does have specific rules that you must follow in order to qualify for the deal. These tax settlement deals are available and approved every day.
Start Fresh Tax Relief will help you qualify for the Offer in Compromise program. We have experience with this program and understand the specific requirements of it. Under this program, it is possible to fully and completely eliminate your tax liability including all penalties and interest at a substantial discount. The IRS will consider your specific facts and circumstances prior to coming to a decision. Finally, an Offer in Compromise can be the ideal solution for resolving your tax debt.
IRS Installment Agreement
Don’t feel discouraged if you don’t qualify for the IRS Offer In Compromise program. There is hope, you may be considered for an IRS Installment Agreement to resolve your tax obligation. Setting up a payment plan with the IRS provides you additional time to pay off your tax debts.
Start Fresh Tax Relief will help you set up an installment agreement (payment plan) on your terms which will satisfy the IRS. If required by the IRS, we will assist you in preparing the necessary financial statement forms. Once submitted, the IRS will not harass you as long as you continue to make payments in a timely manner according to your installment payment agreement. There may be a chance that the IRS may simply leave you alone for the near term and resume collections when your financial picture improves.