Tax Relief in Phoenix
On its own, filing taxes can be a stressful experience. When you owe money to the IRS, however, your tax problems can quickly snowball and may threaten your long-term financial stability. At Phoenix Tax Group, LLC, our team is dedicated to helping individuals and business overcome tax problems and regain financial health. From mediation to negotiation and settlement, our Phoenix tax specialists are here to provide you with a personalized plan to repay the IRS and alleviate your tax problems.
Types of Tax Problems
Unfortunately, owing money to the Internal Revenue Service is a fairly common issue. There are a number of scenarios that can result in owing the IRS money, ranging from merely forgetting to file or pay taxes before April 15th, to under-paying by not withholding enough income tax throughout the year. For entrepreneurs or business owners, falling behind on paying their monthly or quarterly taxes can trigger hefty penalties.
While it may take some time for the IRS to become aware that you are behind on your payments, it doesn’t take long for them to begin the process of levying penalties against you. Individuals that owe the IRS money are first notified via letter, which details how much is owed and requires immediate payment or the creation of an installment plan within 30 days. Failure to do so can trigger additional penalties, such as wage garnishment, levies, liens, and seizures.
Tax Resolution in Phoenix
At Phoenix Tax Planning, LLC, our mission is to help individuals regain control over their financial health after penalties from the IRS. Beginning with an in-depth analysis of your financial situation, our Phoenix tax specialists determine the root of your tax problems and file the necessary paperwork. By serving as your negotiators, our experienced professionals work on your behalf to negotiate a feasible settlement with the IRS.
For individuals already facing wage garnishment, the implementation of affordable payment plans can remove these paycheck deductions, allowing clients greater financial freedom throughout their repayment period. Once a final settlement with the IRS has been reached, our team works with clients to help strategically plan for the future and prevent the recurrence of tax problems.
Phoenix Tax Planning, LLC also offers personalized assistance for business owners facing payroll tax problems. Our team can help you resolve your tax issues, avoid asset seizure, and create a long-term tax plan for efficient and effective filing in the future.
Contact Phoenix Tax Planning, LLC Today
Our Phoenix tax firm is committed to helping clients overcome tax problems and regain long-term financial solvency. For more information about our many tax services, contact Phoenix Tax Planning, LLC today for your tax consultation.