Many types of taxes have a statute of limitations where government taxing authorities have a limited time to collect the debt before they lose their ability to collect them at all. A partial pay installment agreement can result in large savings for many taxpayers. Larson Financial has been an industry leader in achieving arrangements with the government that allow our clients to pay what they can afford on a monthly basis until the statute of limitations runs out on their debt.
Larson Financial recently had a client that owned a hair salon and was facing major tax issues. The taxpayer owed the Internal Revenue Service approximately $105K. After providing full financial information for the business, the team at Larson Financial was able to establish a partial pay agreement with the IRS for $500 per month. We also conducted the trust fund interview with the Revenue Officer for the owner of this business and were successful in negotiating the assessment of the trust fund of nearly $50K and having it placed into a hold status and cross referenced to the business installment agreement.
As always, Larson Financial is the place to turn when you are facing back taxes and need representation that you can trust. We provide honest, personalized solutions for tax debt. Collection division representation is our specialty and we take the guesswork out of dealing with the collections divisions, allowing our clients to concentrate on running their businesses. Contact the tax resolution specialists at Larson Financial today at 888-589-0955 or online at www.larson-financial.com.