IRS Problems are on the rise for individuals and businesses alike. Many of these problems are caused by bad tax preparers, and others are caused by individuals and businesses themselves through improper planning and/or bad advice. The IRS is gearing up its efforts to address the current tax gap through collection activity by hiring an additional 5,000 to 7,000 new IRS agents in 2009, and an additional 5,000 agents in 2010. Significant future increases beyond 2010 are also anticipated, reviving the old IRS stature as the most feared organization in the world.
IRS Problems that arise from bad preparers are normally due to the promise of a big refund, but what you do not know, is that a lot of the time these big refunds are created by plugging numbers into your tax return that are inaccurate, causing a headache for you when the IRS catches the problem. If this has been taking place for a few years, then your IRS problems are only going to snowball.
The majority of business related IRS problems today are caused by payroll tax issues, specifically, the withholding of payroll taxes and the failure to submit those taxes due to the IRS in a timely manner, or even submit them at all. Granted, we understand the difficult economic times we are presently in, and the hardships that befall many companies trying to stay afloat that have chosen to use these funds for other expenses in the day to day operations of the business, but the IRS will not understand, nor care, what your problems are. Their stance is very serious related to payroll taxes, and they will almost always assess a 100% trust fund recovery penalty to the individuals responsible in the company. When incorporated companies and partnerships have payroll tax debt, the IRS will look to the person responsible for the tax money. The legal definition of "responsible person" is complex, and refers to the person or people who should have collected the payroll taxes. The responsible person can include corporate officers, employees, and even shareholders. IRS problems of this nature must be addressed as soon as possible, as the IRS can, and will shut the doors of a business failing to address this problem.
The IRS will take some, or all, of the following steps to address your IRS problem and get your attention; the filing of a Federal IRS Tax Lien, Federal IRS Tax Levy, an IRS Wage Garnishments, and an IRS Bank Levy. If you've received a notice from the IRS about back taxes, you need to seek a resolution right away.
IRS tax relief may be available for an individual or business with tax liability based upon your current situation. If you owe individual back taxes, the IRS can coerce you into paying more than you may actually owe without providing you various options for IRS tax relief. You may not realize that the IRS can collect taxes owed by your business from you personally. Payroll taxes must be paid quarterly by businesses. Failure to pay or file this tax can result in aggressive collection efforts by the IRS. If the IRS cannot collect the taxes from the business, they can collect from the owner or others.
Deciding which tax professionals to trust is an important step towards the resolution of your IRS problem. Fortunately, resources are available to you to check the reliability and integrity of tax resolution companies. For instance, the Better Business Bureau runs a website where you can check up on tax resolution companies free of charge. A consumer protection group that has been operating in the United States since 1912, the Better Business Bureau now offers consumer education to the entire nation. Companies (including tax resolution groups) who join the BBB can agree to be regulated through the BBB. Most importantly, you can view reliability reports online. Unlike other IRS tax problem resolution companies, we are proud to say that our Tax Tiger Better Business Bureau report attests to our commitment to quality tax services. Clients have trusted Tax Tiger to provide tax relief from IRS problems for over 8 years, and the Better Business Bureau give us an “A+” rating. At Tax Tiger, we hold ourselves to high standards of customer service and integrity. We invite you to view testimonials from our past clients to confirm our reliability, then give us a call and let us handle the IRS on your behalf.
Let these collection actions be a thing of the past. Our professional staff of Enrolled Agents (EA), CPA's, and Tax Attorneys have taken Tax Tiger to the forefront of resolving IRS problems. We have successfully negotiated Installment Agreements and Offer in Compromise settlements for individuals and companies. We have combined many years of experience and expertise to create Specialty Company that caters to each IRS problem individually, and provides essential solutions now, along with optimal planning for your future in order to get you back on the right track.
At Tax Tiger, we can evaluate your situation with a FREE confidential consultation. Our experienced tax attorneys and representatives are adept at evaluating each unique situation and proposing solutions for tax relief that are suited to your needs.
Give Tax Tiger a call today to schedule a FREE consultation!
