Corporate Tax Liability: What is Currently Not Collectible Status?
One in five businesses has an IRS tax liability, and most businesses will accrue a debt with the IRS at some point in their lifetimes. If you or your business have fallen behind with the IRS, there are several options to resolve the liability.
Tax Liability or Current Taxes: Which One Should You Pay First?
When your business owes taxes to the IRS, it’s easy to get trapped into a cycle of non-compliance, which is expensive on several levels. Often, businesses focus on paying off old periods of liability, leaving them unable to pay current taxes. This is the exact opposite of what a business should do. In this article, we will explain the best route to take when handling tax liabilities vs. current tax payments.
What Is a Subordination of Federal Tax Lien?
When the IRS files a Notice of Federal Tax Lien (NFTL), it causes problems for businesses (and individuals). Businesses using their accounts receivable as collateral for loans are especially hurt by NFTLs. Lenders do not like funding behind NFTLs — or any lien, for that matter. When the IRS’s NFTL takes priority over a lender’s […]
Affordable Monthly Payments for Your Corporate Tax Liability
Owing money to the IRS is overwhelming. There are a lot of misconceptions. Keep it simple – payments should be affordable.
How to Secure an IRS Installment Agreement in About 30 Days
When a business (or individual) falls behind in paying its IRS taxes, it can be an overwhelming experience. What’s a business owner to do?
Is a Federal Tax Lien the Same as a Levy?
Once a federal tax liability is assessed, you are on the clock. There is a risk the IRS will begin actively collecting against you, your business, or both. It is important to understand the differences between two basic IRS collection tools – the lien and levy – and the implications for your business.
Employee Retention Credits – Issue Spotting
Many businesses will benefit from the Employee Retention Credits (ERC), most will not. We review the credit and some options.
Corporate Tax Liability Specialists Best at Resolving IRS Debt, Preserving Funding
Resolving a business (or individual) tax liability can be overwhelming, especially if you haven’t dealt with the issue before. A specialist can help.
National Advocate: IRS May Improve in 2023, But Slowly
If your business has an IRS debt, you need a quick solution – not likely when the IRS is overwhelmed. Tax Guard can cut through the clutter.
Business Federal Tax Liens Explained
A federal tax lien is serious. We define the federal tax lien, the process for filing one, and your options going forward.
IRS Watchdog: Experienced Tax Resolution Representation Essential
Representation before the IRS is extremely important, especially from someone with experience and expertise that negotiates with the IRS daily. A Treasury Inspector General for Tax Administration (TIGTA) report
In Business Offer in Compromise? There’s a Better Tax Resolution Solution
The Offer in Compromise is usually an inferior option, especially when lending is involved, because of the low likelihood of success.