IRS & Business Tax Problems

IRS tax relief involves strategies for addressing federal tax debt, penalties, collection actions, audits, and other unresolved IRS tax problems. The appropriate resolution depends on factors such as the taxpayer’s financial situation, tax history, outstanding liability, assets, income, and compliance status.

Individuals and businesses may encounter different types of federal tax problems. These can include unpaid back taxes, unfiled returns, IRS audits, payroll tax liabilities, wage garnishments, bank levies, federal tax liens, and disputed assessments.

IRS tax relief lawyers and other qualified tax professionals may assist taxpayers in understanding these issues and evaluating potential resolution strategies. However, taxpayers should understand the type of professional assistance they require and the specific nature of their tax matter before choosing a provider.

Individuals may face IRS tax problems because of unpaid tax balances, unfiled returns, underreported income, audit findings, penalties, or financial circumstances that make it difficult to pay the full amount owed.

Our professionals can help review individual tax problems and determine whether available IRS tax relief options may apply.

Depending on the circumstances, an individual may need assistance with:

• IRS back taxes
• Unfiled tax returns
• IRS personal tax audits
• Wage garnishments
• Bank levies
• Federal tax liens
• Tax penalties
• IRS appeals
• Offer in Compromise
• Installment agreements
• Currently Not Collectible status

The appropriate resolution strategy depends on the taxpayer’s specific financial and tax circumstances.

An IRS tax relief settlement may be an option for certain taxpayers who meet applicable IRS requirements. One of the best-known settlement approaches is an Offer in Compromise, which may allow an eligible taxpayer to settle federal tax debt for less than the full amount owed.

However, not every taxpayer qualifies for an Offer in Compromise, and submitting an application does not guarantee acceptance. The IRS evaluates the taxpayer’s financial circumstances and ability to pay when determining eligibility.

Other IRS resolution options may include installment agreements, penalty relief, currently not collectible status, or other collection alternatives depending on the circumstances. Before pursuing an IRS tax relief settlement, taxpayers should understand their financial position, outstanding liabilities, filing history, and the requirements associated with the resolution option being considered.

Businesses can face complex tax problems involving unpaid federal taxes, payroll tax liabilities, audits, penalties, collection actions, or reporting discrepancies.

A business tax relief attorney may be sought by business owners dealing with significant federal tax problems and looking for professional assistance with their tax obligations. Depending on the matter, businesses may require assistance with payroll tax debt, IRS business audits, tax liens, levies, collection notices, or settlement negotiations.

Leading Tax Group works with businesses facing federal tax issues and can review the circumstances surrounding the liability, documentation, payment history, and IRS collection activity.

Business tax matters may include:

• IRS business tax audits
• Payroll tax liabilities
• Federal payroll tax penalties
• Business tax settlements
• IRS collection actions
• Bank levies
• Wage garnishments
• Federal tax liens
• Unfiled business returns
• Tax penalty issues
• IRS appeals
• Tax settlement negotiations