Specialized Corporate Tax Services for Businesses

The usual list: back taxes owed by the company, returns that never got filed, missed payroll deposits, penalties, audits and appeals, levies, and payment plans. We start by lining up what's been filed against what the IRS transcripts show, then look at what the business can realistically pay. From there we choose a route and handle the paperwork and the IRS calls.

Yes. An Enrolled Agent is licensed by the U.S. Treasury with unlimited practice rights before the IRS, so the founder can represent a corporation, partnership or LLC just as an individual taxpayer. That includes answering information document requests in an audit, negotiating with a revenue officer, and filing an appeal.

The IRS can prepare a substitute return or simply assess based on what it knows, and either way the bill is usually higher than it should be. Missing returns also stop almost every relief option, because the IRS wants the company current before it will agree to payments or consider penalty relief. We prepare the delinquent Forms 1120, 1120S or 1065 and file them in a sequence that supports the overall plan.

Payroll taxes are the one area where corporate protection can disappear. Withheld income tax and the employee share of FICA are held in trust, and if they aren't paid the IRS can assess the Trust Fund Recovery Penalty against owners, officers or anyone with check signing authority. We review your Form 941 filings, deposit history and the interviews the IRS may request, then work on both the company balance and any personal exposure.

In many cases, yes. First Time Abate relief often applies when the business had a clean three year history, and reasonable cause can work when something genuinely outside your control caused the miss. Neither is automatic. We decide which argument fits, gather the documents and file the request, which can take a real bite out of the total owed.

Usually. Businesses that can't pay in full can often get an installment agreement, provided filings and current deposits are up to date. For larger balances the IRS will want a Form 433 financial statement. We build that from your actual operating income and necessary expenses, so the monthly payment is one the company can keep making.

Call right away. Keep the levy notice and any earlier final notices, list which accounts were hit, and don't miss any response date. We'll contact the IRS, verify the balance, and work toward releasing the levy, often by providing financial information and setting up a payment arrangement.

Preparation reports a tax year that just ended. Resolution deals with problems that already exist: balances, late returns, payroll taxes, penalties, audits and enforcement. It takes more financial analysis, formal IRS correspondence and negotiation. Good resolution work also fixes the habits that caused the problem, which is where our CFO advisory often comes in.