by admin | Oct 19, 2020 | Service
In addition to holding a company liable for unpaid payroll taxes, the IRS also holds any person or persons they determine to have “willfully” chosen to not remit the payroll withholding amounts when due (see Trust Fund Recovery Penalty under the “Services” menu)....
by admin | Oct 19, 2020 | Service
Typically interest will not be waived. On the other hand penalties may be waived if (1) you can show cause or (2) you are a 1st-time offender. When determining whether to request abatement of penalties, the Tax Resolution Institute weighs the prize versus the price....
by admin | Oct 19, 2020 | Service
An Offers in Compromise (OIC) is an agreement between a taxpayer and the IRS that resolves the taxpayer’s debt for an amount less than they owe. If you owe the IRS or State more than you will ever be able to pay, there is good news. Under certain circumstances, the...
by admin | Oct 19, 2020 | Service
If you owe the IRS or State more than you can afford to pay, you are allowed to make payments over a given period of time. Assuming you have the ability, the IRS allows you to pay your balance in full over a 72-month period. This is known as a streamlined installment...
by admin | Oct 19, 2020 | Service
Below we discuss the Trust Fund Recovery Penalty details not a covered in the landing page. The IRS and State have determined that any person or persons that was “willful” in not paying payroll tax liability is a “responsible person”. What this means is that a...
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