When taxpayers owe taxes to the State of Michigan, they will receive a letter of inquiry, notice of intent to assess and or a bill for taxes due. When taxpayers are unable to pay these unpaid taxes and has received these letters it’s in their best interest to explore ways to resolve how best...
For taxpayers with IRS back tax issues the Partial Pay Installment Agreement (PPIA) and Regular Installment Agreement (IA) are frequently utilized resolution options. Let’s compare these two resolution options and their qualification criteria. The regular IA applies to the taxpayer that has income and or assets which would be deemed adequate to pay off their...
The most common, Fresh Start Tax Relief Programs are Installment Agreement Payment Plans, Currently Non-Collectible and Offer In Compromise. For taxpayers with unpaid back taxes its of extreme importance that they work with a qualified partner or have the knowledge themselves to understand the benefits and adverse implications associated with each option available to...
A common problem facing business owners with more than one employee are the risks associated with not paying their payroll taxes. One quarter turns into 8 or more quarters of not filing payroll returns nor paying payroll taxes withheld from employees’ paychecks. Business owners who have formed single member LLCs generally file a Schedule...
What options does the taxpayer(s) have to resolve the issue of unpaid payroll taxes. If the taxpayer(s) feel they are not responsible, they can challenge the matter before the IRS from the investigation level through the appeals level either on their own or with representation. Restructure or reorganize the business to reduce the taxpayer(s)...
