Business
taxes have many complexities. Failing to understand the various tax laws
regarding business can lead to some serious tax problems with the IRS and/or
state. Here are some of the most common tax problems and tax considerations to
stay in good standing with tax authorities.
To release an IRS
wage garnishment on taxes owed, file back and past due tax returns or settle
your tax debt, call us today at 1-800-790-8574.
ADVANCE TAX RELIEF
LLC – Serving All 50 States
www.advancetaxrelief.com
BBB A+ RATED
**Over 5 Million in Tax Debt and Penalties Forgiven for our clients.
www.advancetaxrelief.com
BBB A+ RATED
**Over 5 Million in Tax Debt and Penalties Forgiven for our clients.
TRUST FUND
RECOVERY PENALTY
When you
have employees, you withhold their Medicare and Social Security contributions
from their checks, and in most cases, you also withhold some income tax. These
amounts are referred to as trust fund taxes. Here is how trust fund taxes work,
who is responsible, what if the IRS assesses a trust fund recovery penalty and
how to resolve issues with trust fund taxes.
IRS Letter 1153 and Form 2751:
There are two key forms related to the Trust Fund Recovery Penalty. They are
Letter 1153 and Form 2751. Understand what these mean and what actions you need
to take with them.
Form 4180
Interview for the Trust Fund Recovery Penalty: If you can’t get out of the 4180
interview, you need to be prepared for what’s going to happen. Understand the
purpose of this interview and if it is something you should likely avoid.
How to Avoid
the 4180 Trust Fund Recovery Penalty: If the IRS believes you are the
responsible one for the trust fund taxes, the agency will request an interview
with you. This interview can be very stressful, but there are a few ways to
avoid it.
IRC 183 IRS
BUSINESS HOBBY LOSS TAX RULE
If you have
an income-generating hobby, you need to understand a few basics. IRS Section
183 is particular in what they consider a business and what they consider a
hobby. Understand the difference so you know what you can deduct as expenses
and how much depending upon the classification.
We are tax relief
experts specializing in IRS back tax help, Installment Agreements, tax lien
help, wage garnishment release, IRS Offer in Compromises, tax debt forgiveness
and a whole lot more. Get a free consultation from an experienced tax relief
expert today (800)790-8574
Some Recent Tax
Settlements:
Mr. Dillard - CA Owed $6884, IRS settled for $400
Mr. Batiste - LA Owed $18513, IRS settled for $2972
Mr. Johnson - CA Owed $21,378, IRS settled for $4500
Ms. Gonzalez - TX Owed $28,816, IRS settled for $1700
Mr. Anthony - NY Owed $14,000, IRS settled for $900
Mr. Wilkes - CA Owed 32,211, IRS settled for $1250
Mr. Dillard - CA Owed $6884, IRS settled for $400
Mr. Batiste - LA Owed $18513, IRS settled for $2972
Mr. Johnson - CA Owed $21,378, IRS settled for $4500
Ms. Gonzalez - TX Owed $28,816, IRS settled for $1700
Mr. Anthony - NY Owed $14,000, IRS settled for $900
Mr. Wilkes - CA Owed 32,211, IRS settled for $1250
Owe the IRS and need
help? Call us to discuss your unique situation with Top Tax Attorney or IRS
Enrolled Agent (800)790-8574 or visit www.advancetaxrelief.com
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