Offers In Compromise

Offers In Compromise

Tax debts can be settled for less than there are owed with an offer in compromise. If you can’t pay your full tax liability or doing so causes financial hardship, it is a legitimate option. 

IRS offers in compromise are generally approved if they represent the most they can expect to collect within a reasonable timeframe. It’s not for everyone, though. 

Factors and circumstances the IRS takes into account include:

  • Payability
  • Income
  • Expenses
  • Asset equity

To determine if you are eligible, we will analyze your finances. If an offer in compromise isn’t possible, we can recommend other options.

New York taxpayer uses an Offer in Comprimise to settle her tax debt for less than she owed

Payroll Taxes

You can destroy your business by not complying with IRS payroll regulations. Not only that, but it can ruin your finances. Maybe you’ve overlooked payroll taxes or run out of funds temporarily. Regardless of the reason, businesses that fall behind on their employees’ federal withholdings are particularly targeted by the IRS. 

In the event your business files for bankruptcy, the IRS can come after your personal assets and bank accounts if it violates payroll tax rules. If the IRS has contacted you about payroll issues, you need experienced representation. By resolving your payroll tax issues, you can focus on running your business.

Click below or call (866) 459-8026 to schedule your FREE consultation.

 

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