Richardson TX – Have Payroll Tax Debt? It May Be Wise to Hire a Professional to Resolve Your Problem!

There are times that it makes sense for a taxpayer with IRS tax problems to face the IRS on their own.   If the tax debt is fairly small, it may cost more to hire a professional than to simply pay the IRS directly or set up a payment plan.  Other times, the taxpayer...

Richardson TX – Payroll Tax Debt Relief – The Express Installment Agreement (IBTFIA)

When businesses with Payroll Tax Debt come into our Richardson, TX tax office, one of my major priorities is avoiding the Trust Fund Recovery (TFRP) from being assessed against my clients. The TFRP is an assessment that the IRS makes against what it considers to be...

Richardson TX – The Criminalization of Payroll Tax Debt!

As covered previously, Payroll Tax Debt issues are among the most complex and potentially the most damaging tax debt cases that we see in our Richardson, TX tax office. First, there are the potential penalties that can create a financial hole that’s almost impossible...

Richardson TX – Why Cash Strapped Businesses Need to Make Payroll Tax Deposits

When business owners come into our Richardson TX tax office with a payroll tax debt issue, it’s often more complex than a typical IRS 1040 tax debt problem.  Payroll Tax Debt not only may involve risk at the corporate or LLC level, but both owners and possibly other...

When Business Taxes Become Personal Liabilities

In the upcoming months, many small businesses will struggle to survive.  In order to survive difficult times, business owners often need to make decisions on what they should and shouldn’t pay.  Sometimes, it comes down to making decisions that have no good answers....

Have IRS Debt? Learn about changes in IRS Due to the Coronavirus!

Yesterday (March 25th, 2020) the IRS announced a People First Initiative, where the IRS announced that their priority would be helping taxpayers through uncertain times versus collection actions. These would include providing various payments relief and postponing...