so the problem doesn’t repeat itself
For business owners and self-employed individuals who owe over $100,000 to the IRS, you’re going to want to listen to this message because this is exactly about you.
A lot of times people who have had their own business, they struggle for the first year just to really make sure that this idea that they have actually can produce income. Once the business starts producing money, then the tax problem starts.
What we try to do is make sure that once we get an IRS problem identified, figure out what the solution is, that we get it fixed, and then we set up a system so that it doesn’t happen again.
The first step that we take is just identifying the problem, seeing exactly what’s wrong. Then from there, we catch them up on any issues that has them out of compliance.
After that, it’s actually setting up a resolution. That’s the third step, setting up an agreement with the IRS. Sometimes that’s paying back less than the full amount owed. Sometimes it’s paying back the full amount owed.
Then the fourth step is actually the tax planning that we do that says, okay, if you make this much, if you bring this much in, you’re going to withhold this much for taxes. If you or somebody that you know is having difficulties with the IRS and they owe over $100,000 to the IRS, you’re going to want to give them our information, have them give us a call.
