Organizations or companies that have fallen behind on payroll taxes can find a resolution as the IRS is known to settle unpaid payroll taxes for countless companies. If approached properly, it is willing to work with the company and come up with an agreement on different payment plans that can be paid over a duration of time.
This is one of the payment plans that can be worked out with the IRS to settle the unpaid back payroll taxes in easy manageable equal monthly installments.
Partial Payment Installment
Through this payment plan, the company needs to provide a form that calls for detailed information about the income, liabilities, and assets of the company or organization.
Offer in Compromise (OIC)
This settlement plan will work only if it is in the best interest of both the organization and the IRS, wherein the company complies with all the future payments and filings.
Currently Not Collectible
If the IRS finds that the organization cannot pay its back taxes, then the payroll taxes are simply put off for now.
When the need arises to settle payroll taxes, the first thing that needs to be done is to get professional help. For reliable and prompt payroll tax assistance in your area, call and hire the professional IRS tax attorneys at Tax Experts For America today!