IRS
If you owe back taxes you cannot afford, the IRS offers multiple programs that can potentially reduce your tax debt or allow you to pay off the debt over time. Discover if you qualify for these programs below.
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If you’re an entrepreneur struggling to pay your tax bills, you might be wondering what options are available to you. Several IRS relief programs are available to business owners who need help with federal tax liability.

Whether you’re a 1099 contractor or have an LLC, Partnership, or Sole Proprietorship, you may qualify to reduce your tax burden through programs like Penalty Abatement, Offer in Compromise, and Currently Not Collectible status. In some cases, businesses have seen up to 100% of their back taxes forgiven.

However, if you’ve received multiple notices from the IRS, you must act quickly to take advantage of these programs and avoid aggressive collections activity.

Take the Business Tax Relief Survey and discover which IRS relief programs you qualify for. 

IRS Relief Programs for Business Owners:

  1. Penalty Abatement – If you have a clean tax record or experienced a hardship, you may be able to have certain tax penalties completely erased.
  2. Offer in Compromise – If paying your tax debt in full would cause financial hardship, you may be able to settle your debt for less than the full amount owed.
  3. Currently Not Collectible status – If you can’t pay both your taxes and living expenses, CNC status pauses IRS collection efforts, providing temporary relief.
  4. IRS Payment Plans – If you need more time to pay your overdue tax bills, you can likely qualify to set up a short-term or long-term installment plan.

Contacting the IRS and applying for these programs can be overwhelming for busy entrepreneurs. But trusted tax professionals are adept at navigating the complexities of the IRS bureaucracy.

Tax experts like CPAs and Enrolled Agents can determine your eligibility for these relief programs and negotiate with the IRS to reduce your penalties, interest, or monthly payments.

Check Your Eligibility for IRS Relief Programs

Don’t let fear or uncertainty hold you back. Take our 60-Second Tax Relief Survey to see if you qualify for assistance. It’s 100% FREE and could save you thousands of dollars.

Remember, your tax debt grows larger every day you wait due to compounding interest and penalties. The IRS has powerful collection tools at their disposal, including business asset seizures and forced closures. Don’t risk losing everything you’ve worked so hard to build.

By partnering with a trusted tax professional, you can take control of your financial future and focus on what matters most – growing your business.

Take the Business Tax Relief Survey to discover which IRS relief programs you qualify for.

Qualify today!