Tax debt occurs when someone doesn’t file their returns or pay their taxes. It happens easily enough, because there are no immediate consequences. If you don’t pay your mortgage, your bank calls with a reminder within a few days. On the other hand, it may take months or years before the IRS takes action.
Because of this slow response, many business owners omit filing. In some cases, they owe taxes but don’t have the funds to pay. Suddenly they may find themselves with a large tax debt, threats from the IRS and a short deadline. See below for some tax debt help suggestions.
If you carry tax debt, there are a number of solutions available to you.
Tax-Debt is usually accompanied with stress and anxiety, since, the IRS has enormous power. But the IRS can not kill you, and they will rarely put people in jail. (After all, you cannot make money there.)
Tax Matters Solutions specializes in getting their clients tax debt help. Their qualified CPA’s negotiate with the IRS on your behalf, based on your individual situation. As neutral third parties, they can help dissipate tension and establish a workable solution for you. As two partners with a strong support staff, they will always give you a quick response and undivided focus to resolve your tax issues as quickly as possible.