Written by Scott Allen

What is an IRS currently not collectible status and can Tax Debt Advisors help?

Chandler AZ Currently Not Collectible Status

Believe it or not many Chandler AZ taxpayers qualify for currently not collectible status. This means that the taxpayer is not required to make a payment on their tax debt. This is true no matter how much you owe. Before the IRS will grant this status, your financials must show that your income and allowable expenses are essentially equal. The IRS does not like to put someone into this status unless they really qualify. That is why having a Chandler AZ IRS tax professional like Scott Allen E.A. of Tax Debt Advisors represent you.

That is the good news. The bad news is that interest and penalties continue to accrue on the tax liability. So you have to have an exit strategy that works for you. The statute of limitation is 10 years. That is a long time to wait for the liability to go away. However for many clients that works fine. The IRS will also file a tax lien which attaches to any assets you own or purchase in the future. Call Tax Debt Advisors at 480-926-9300 to schedule a free initial consultation.

 

Written by Scott Allen

What do I do if I have an Avondale AZ IRS payroll tax problem?

Avondale AZ IRS Payroll Tax Problems

Consider calling Tax Debt Advisors Inc near Avondale Arizona

This is one type of IRS tax problem you want to avoid at almost any cost; because that it was it will cost you to get in trouble with your payroll taxes. Business owners who are undercapitalized will use the IRS as a bank by withholding payroll taxes from employee paychecks and not sending in the funds when due. Ever the optimist, the owner hopes to catch up later when business gets better. Rarely does the business do well enough to catch up on the taxes and the additional interest and penalties.

Avondale AZ business owners who cannot stay current on their payroll taxes need to serious ask themselves if they have a profitable business. A profitable business is one that allows the owner(s) to pay all their business expenses and still have enough over to pay themselves enough salary to cover their necessary living expenses. If you are in trouble with your payroll taxes, there are solutions. Discharging your tax liability in bankruptcy is not one of them. Scott Allen E.A. of Tax Debt Advisors, Inc. will provide the options available to you and handle all the IRS negotiations. You will be put on a tight budget with the IRS until you get caught up. Payroll taxes don’t go away if you close down the business. The IRS will reassign the debt to the owners and other responsible employees. This is one IRS debt you cannot run away from. Call Scott Allen E.A. at 480-926-9300 to schedule a free initial consultation. Tax Debt Advisors, Inc. has been representing businesses behind on their payroll taxes since 1977.

 

Written by Scott Allen

What do I do if I get behind on paying IRS unemployment taxes in Buckeye AZ?

Buckeye AZ IRS Unemployment Taxes

Getting behind on Buckeye AZ IRS unemployment taxes is not as serious as getting behind on payroll taxes but business owners usually get behind on both at the same time.  One follows the other.  The inability to stay current on unemployment taxes is a serious indication of problems with your business—either you record keeping or your cash flow.  If you are poor at record keeping but have the funds to pay the tax, you should consider using a payroll service that will automatically file your unemployment returns and pay the taxes on time.  The payroll service accepts the liability if they mess up.  So use a company that is large enough to keep its promises and guarantees.

However, if you have messed up because of cash flow problems or did not file your unemployment returns on time, Buckeye Arizona professional assistance in needed.  It is like losing weight.  You need someone else to be accountable too that can keep you on the straight and narrow until your problem is fixed.  Scott Allen E.A. of Tax Debt Advisors has the expertise to help you correct your problem with the IRS and will handle all of the negotiations.  Tax Debt Advisors offers a free initial consultation and can be reached at 480-926-9300 to schedule your appointment.