The Internal Revenue Service has recently become more focused in their collection and investigation procedures. The number of businesses dealing with tax problems has risen as a result. Tax liabilities can jeopardize the future of struggling firms. A Jacksonville Beach tax representation company helps businesses to negotiate with IRS officials, reduce penalties and clear tax debts.
When a business is audited by the IRS, they are required to substantiate every item listed on their tax return. Tax representatives help business owners to prepare the documentation, receipts and records needed to support their case. They accompany business owners to field audit sessions to protect their rights and limit their tax liability.
Tax representatives can put a stop to IRS collection procedures and help to settle outstanding tax debts. In many cases, they will attempt to negotiate an installment agreement. A business can take up to five years to clear their debt by paying a small percentage each month.
When the business owes more tax than it can pay, a tax representative will attempt to reduce their liability. If the IRS agrees to an offer of compromise, it will accept a lower amount as satisfaction and proceed to clear the debt. The representative helps the business owner to comply with the required financial investigations.
It is a business owner's responsibility to collect each employee's portion of FICA, and then pass this on to the IRS. Employers who fail to file and pay federal payroll taxes face substantial penalties. Attempts to negotiate a settlement are often rejected. Tax representatives help to resolve delinquent federal payroll taxes and protect business and personal assets.
The Jacksonville Beach tax representation company has helped businesses to solve a wide range of problems involving the IRS. Their experienced representatives are familiar with the tax code and fully aware of taxpayer's rights. Business owners with IRS concerns are invited to phone the office for a free consultation.
When a business is audited by the IRS, they are required to substantiate every item listed on their tax return. Tax representatives help business owners to prepare the documentation, receipts and records needed to support their case. They accompany business owners to field audit sessions to protect their rights and limit their tax liability.
Tax representatives can put a stop to IRS collection procedures and help to settle outstanding tax debts. In many cases, they will attempt to negotiate an installment agreement. A business can take up to five years to clear their debt by paying a small percentage each month.
When the business owes more tax than it can pay, a tax representative will attempt to reduce their liability. If the IRS agrees to an offer of compromise, it will accept a lower amount as satisfaction and proceed to clear the debt. The representative helps the business owner to comply with the required financial investigations.
It is a business owner's responsibility to collect each employee's portion of FICA, and then pass this on to the IRS. Employers who fail to file and pay federal payroll taxes face substantial penalties. Attempts to negotiate a settlement are often rejected. Tax representatives help to resolve delinquent federal payroll taxes and protect business and personal assets.
The Jacksonville Beach tax representation company has helped businesses to solve a wide range of problems involving the IRS. Their experienced representatives are familiar with the tax code and fully aware of taxpayer's rights. Business owners with IRS concerns are invited to phone the office for a free consultation.
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