The sole reasons you went into business were to serve people and make money. Contrary to popular belief, the IRS wants you to succeed. Why? The more money you make, the more taxes they collect. Government has structured the tax code of this country to motivate individuals to create businesses for the twofold purpose of strengthening the economy and growing federal coffers.
The government also knows that many new businesses will fail due to unanticipated startup costs. The first line of defense against this failure is like the padlock on the door to your gold mine. The lock consists of good bookkeeping and accounting practices, solid business strategy, and the most advantageous tax management.
But if the padlock to your business was never affixed; or if it is not functioning like it should; or if it has not been utilized, you may find yourself paying levies and fines on taxes owed. At this point there are several ways a good accountant can help you. You still have a last line of defense.
Remember that because your failure to pay hampers government plans to build revenue, the IRS is willing to compromise with businesses that cannot afford to pay their federal tax bills. They do not want your business to fail, and they are willing to compromise the levies, fines, and bills you owe through special procedures, Offers In Compromise (OICs), full IRS auditory representation (including court testimony), and reduced payment plans.
If you have an IRS problem, you will need a specialist to guide you through the resolution process. Successful IRS Problem Resolution requires the implementation of specific protocol. Lawhorn & Associates will help you hold on to the assets you require to operate your business and walk you through the resolution process.