Resources for Small Business IRS Resolutions

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?

Owing money to the IRS is overwhelming. There are a lot of misconceptions. Keep it simple – payments should be affordable.

Businesses using their accounts receivable as collateral for loans are especially hurt by NFTLs. Lenders do not like funding behind NFTLs.

It is important to understand the differences between two basic IRS collection tools and the implications for your business.

Prioritizing current tax compliance helps businesses avoid costly penalties and makes it easier to secure an installment agreement.

The Offer in Compromise is usually an inferior option, especially when lending is involved, because of the low likelihood of success.

Becoming compliant, and prioritizing making federal tax deposits in full and on time must be a priority for businesses.

An aggregated list of the most common depositing and filing dates and requirements for business owners.

Many businesses will benefit from the Employee Retention Credits (ERC), most will not. We review the credit and some options.

A qualified tax specialist can resolve IRS liabilities and, if you are working with a lender, preserve funding.

If your business has an IRS debt, you need a quick solution – not likely when the IRS is overwhelmed. Tax Guard can help.

A federal tax lien is serious. We define the federal tax lien, the process for filing one, and your options going forward.