Tags: Sarasota Accountant, Sarasota CPA, Sarasota Tax Planning, Sarasota Tax Preparation, Sarasota Tax Resolution Services
As a business owner, there are so many things for you to worry about. It can be a real challenge to keep a business afloat and do all the things you need to. Keeping track of your tax obligations can feel overwhelming and hard to keep up with.
If you’re a business owner and have fallen behind in taking care of your taxes, you might need to look into tax resolution services.
How can tax resolution services help you? How will it help you save your business? Read on to learn more.
What Is a Tax Resolution?
Tax resolution services is a term to cover a wide range of services when someone, either personally or as a business, needs help dealing with the IRS. Tax resolution services cover:
- IRS representation
- Tax problem recovery
- Tax conflict issues
A tax resolution can include an Offer in Compromise assistance, lien and levy relief, penalty abatement.
Signs You Should Be Worried About a Tax Levy
Are you behind on paying your taxes? Has it been several years since you’ve actually filed your taxes? If the IRS has made repeated contacts with you and you’ve haven’t responded, you should be concerned.
When the IRS contacts you in writing, they offer you the way to respond. They will offer the right to appeal on contest their judgement. If you ignore these requests or these opportunities to work with the IRS, you face the reality of having a tax levy.
One of the important way a tax resolution specialist can help you is working with the IRS to avoid this situation.
How the Best Tax Resolution Services Can Help You
The best tax resolution services will quickly assess your situation. They will look closely at your tax situation. What do you owe? How behind are you? What taxes need to be filed?
They want to get a handle on your tax situation in it entirety. Then they will act on your behalf to attempt to resolve the tax problem.
They know how to work with IRS and will examine your options. Since they do this work all the time, they know how to negotiate too so you can find a resolution that works for you.
What Do Current and Compliant Mean?
Your goal, and the IRS too, would have the goal to get you current and compliant with your taxes. This means that your taxes are paid current and you are being compliant in filing all taxes on time going forward.
You can be considered compliant if you have also entered into an installment agreement. To be compliant you must also maintain scheduled payroll deposits, self-employment estimated payments, or any tax due must be paid on time per the installment agreement.
Tax Resolution Services for You and Your Business
Tax resolution services can help you as a business owner fix your tax issues. A good resolution service can assess your situation and get help guide you to current and compliant status with the IRS.
Do you need help addressing your tax problems for your business? We can help. Contact us today to get an appointment so we can get started helping you.
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