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. Relief is available even for advanced cases of IRS tax debt.

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 Tax Relief Solutions from Tax Tiger

The earlier that you seek relief from payroll tax debt, the more likely it is that you can avoid personal responsibility for the debts of your business. Installment payments of your tax can be successfully negotiated with the IRS. This provides relief by allowing your business to pay its debt over time. The situation may even qualify you for a settlement offer, which allows you to pay the IRS a smaller amount in settlement of your tax debt.

At Tax Tiger, we can evaluate your situation in a free consultation. Our experienced tax attorneys are adept at proposing solutions for tax relief that are suited to your needs. With nearly 50 years of IRS experience between them, our tax lawyers can answer any questions you may have about the right tax relief for you or your company. Give Tax Tiger a call today to schedule a free consultation!

Read more information on: