Failure to Pay Your IRS Taxes can be Calamitous For Your NYC Based Business.

You must file your taxes with the appropriate taxing authorities if you own a NYC based business. This includes all businesses, both large and small, regardless of whether you offer a service or a product. Failure to do so can set in motion a series of events that can overwhelm, and even shut down an otherwise successful business. This is why expert business IRS help in NYC is so important. You may face problems with local, state or federal tax agencies if your taxes are delinquent. It often takes a good deal of time and effort to get caught up, and to remain compliant and current once the IRS has you under review.

How Tax Authorities Can Collect Your Back Taxes

It is not uncommon to see business owners fall behind because they are overwhelmed with the amount owed and paralyzed by the prospect of dealing with the IRS. Businesses are required to pay state income and payroll taxes as well. State sales tax is also required for businesses that sell goods. Delinquency in any of these areas can result in debt collections or penalties levied against your business.

The first step to forcibly collect an outstanding debt is to put a tax lien on your business. This is how the IRS protects the debt. A lien is a legal claim against your business assets. It is filed using a public document known as a Notice of Federal Tax Lien. This assures that the creditors and financial institutions are aware the IRS has a legal right to your property to the extent of tax you owe. It will remain in effect until the taxes are paid in full or other arrangements are made. Liens are public record and can be seen by existing and potential customers, so your tax difficulties may be exposed to your clientele.

I had fallen behind on my payroll tax payments and had the IRS coming to my place of business to talk to me. I was worried they were going to shut me down. I was referred to True Resolve Tax by a friend of mine. The True Resolve team instantly came in and started talking to the IRS person so I didn’t have to. They helped me to budget for my business better so that I could pay the current taxes and set up a payment plan on the taxes I hadn’t paid yet. The payment is very affordable and the budget help has kept me on track since then also. Great service, great people, great customer service.

~ Michael G., Colorado

In the twelve plus years that I’ve been having my taxes professionally prepared, this years’ preparation by True Resolve was the most professionally, well organized and presented I’ve ever experienced! Due to events out of my control the person doing my taxes was unable to complete them so, with only a few days until they were due I called True Resolve, they were very courteous and took me on as if I was the only client they had. I am so glad to have found them and will be using them for all my future tax needs.

~ G. Kristin, Colorado

The IRS was contacting my contractors I work for and telling them to not pay and send the money to the IRS instead. This left me with no money to pay my employees and I was unable to get the IRS lady that was doing this on the phone or to return my call. I spoke with True Resolve Tax and asked what my options were after they came highly recommended. Within two days of hiring them they had been able to speak to the lady at the IRS, get her to agree to stop the levies with my contractors and even got enough of the money she had recently taken back to allow me to cover payroll for my employees. This was HUGE! If my employees couldn’t get paid I would have been out of business. I was very impressed with how quickly True Resolve went to work and got results.

~ Gary B., Colorado

Looking for help business tax management?
Book Your Private Tax Discovery Session Today.

Schedule Your Tax Discovery Session now

Protecting Your Business Using Business IRS Help in NYC

It is possible, once a federal or state tax lien is filed, that you will face a tax levy on your business. This allows taxing authorities to legally seize your company’s properties and assets, which include your bank accounts, accounts receivable, business property, and equipment. Take into consideration the impact the seizure can have on your business. The levy can affect cash flow–which you have set aside for payroll, office rent, supply purchases and payroll taxes. It can also have an impact on customer relations. Obviously, no one wants to face the prospect of a tax levy.

We are here to help. True Resolve tax resolution specialists can negotiate IRS installment agreements, and IRS offers in compromise to help you work your way your of liens and prevent levies. We are trusted experts; the team other tax resolution staff look to for training and best practices.

It is important to deal with tax problems in a timely fashion if your company is facing a levy or tax lien. You may consider using our expert business IRS help in NYC. Let us help you negotiate a good resolution with the IRS.

Helping You Plan and Manage Your Business Taxes

Failure to Pay Your IRS Taxes can be Calamitous For Your NYC Based Business.

How Tax Authorities Can Collect Your Back Taxes

Looking for help business tax management? Book Your Private Tax Discovery Session Today.

Protecting Your Business Using Business IRS Help in NYC

Have questions? Call today to speak with one of our licensed tax experts 716-634-6200

Looking for help business tax management?
Book Your Private Tax Discovery Session Today.