If you’ve spent anytime online as a business owner, you have been bombarded with solicitations from new companies looking to help you cash in on the recent covid-19 legislation promising up to $26,000 for each employee. The question is, “is it true?”. The short answer is YES. In response to the government shutdown and health …
Closing Your Business: What to Provide the IRS
As a business owner, the last thing you ever want to do is close your business for good. This can be a very difficult time. You may want to just walk away from the business and forget it ever happened. Walking away may seem like the easy answer. It can, however, get you into some …
Ways to Settle Your Tax Debt (Part 2): Offer in Compromise
Is your tax debt more than you can pay? Are you trying to find a way to settle your tax issues in a more manageable way? There’s good news…the IRS is willing to work with you. In part 1 of this series, we talked about applying for short or long term payment plans. This may …
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Ways to Settle Your Tax Debt (Part 1): Payment Plans
Is your tax debt more than you can afford? Not sure what to do? Dealing with the IRS can be stressful. You keep getting notices. You know interest and penalties are piling up. You’re not sure what to do. Here’s some good news…The IRS is willing to work with you. For example, payment plans (sometimes …
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