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B&G Tax Solutions provides reliable and comprehensive tax services, catering to the needs of businesses and individuals, ensuring compliance with tax regulations, maximizing deductions, and optimizing tax strategies to achieve financial goals.
Failing to pay taxes owed can quickly lead to substantial penalties and interest, significantly increasing the amount owed. Ignoring these obligations can result in a growing debt that becomes increasingly challenging to handle.
Filing bankruptcy can be a potential solution to eliminate back taxes, interest, and penalties, but not everyone qualifies, and certain rules must be met. Proper pre-bankruptcy planning is crucial to determine if bankruptcy is a viable option to resolve tax problems.
You can request a copy of your IRS file, which contains valuable information about your tax situation, enabling you to better analyze options to resolve tax problems. It's advisable to seek professional assistance to obtain these files without raising red flags and to interpret the information effectively.
Facing an IRS audit can be a daunting and time-consuming process, but at B & G Tax Solutions, we take the fear and stress out of the equation. Our experienced team handles all aspects of the audit, sparing you from the bureaucracy and paperwork, and ensuring you receive proper representation and guidance throughout the process.
Levies are aggressive measures used by the IRS to seize your assets, including bank accounts and wages, to collect taxes owed. It's essential to address tax problems promptly and seek professional help to release levies and find a resolution with the IRS.
Federal Tax Liens can have severe consequences, including the IRS establishing a legal right to collect taxes from the sale of your assets, affecting your credit report, and hindering your ability to open accounts or obtain reasonable loans for purchases like cars or real estate. The lien essentially puts all your assets at risk of becoming the property of the United States Government, making it crucial to address tax payment issues promptly.
If you don't qualify for the IRS Offer In Compromise program, a Payment Plan can be an alternative solution to resolve tax debts by providing more time to pay. However, it's important to note that penalties and interest will continue to accrue on the outstanding balance as you gradually pay off the debt, as required by law.
A seizure by the IRS involves the physical taking of assets, such as homes or cars, and occurs in cases where someone repeatedly ignores tax payment requests. Seizures can result in the forced sale of assets at auction for much less than their value, leaving individuals without their possessions and financial security.
If you ignore an IRS Notice of Intent to Levy, the IRS can garnish a large percentage of your paychecks, causing significant financial strain. We can help negotiate a more favorable payment plan to release the wage garnishment and ensure you receive your full paycheck without future fears of garnishments.
Innocent Spouse Relief provides an option to get out of tax debt when one spouse is a victim of fraud or misdeeds committed by their partner, offering relief from unjust tax liabilities caused by the actions of a spouse or ex-spouse.
Don't take the risk of not filing your tax returns, as it's a criminal offense that can lead to potential jail time. Let us help you get in compliance with the law and file your delinquent returns, ensuring you receive the deductions you are entitled to and avoiding further problems with the IRS.
The IRS's Offer in Compromise program allows taxpayers to settle tax debt for less than the full amount owed, especially in cases where the full payment is unlikely to be collected or when taxpayers cannot afford to pay. Through this program, it is possible to eliminate taxes, penalties, and interest at a significant discount, with the key being to determine the lowest amount the IRS will accept before making the offer.
Failing to pay payroll taxes is considered a serious offense by the IRS, as it involves withholding employees' money. Penalties for non-payment and late filing can escalate quickly, leading to severe consequences such as asset seizure and business closure. If you are facing payroll tax issues, it's essential to seek professional representation to navigate the IRS process effectively.
At B & G Tax Solutions LLC, we provide proactive tax consultation services to help individuals and businesses reduce tax liability and maximize after-tax income. Our experienced team utilizes various strategies, such as income splitting, deferring tax liabilities, and investing in tax-exempt sources, to secure your financial future and enable you to live the life you want now while planning carefully for the future. Contact us for a free consultation and start saving on taxes today.
B & G Tax Solutions offers comprehensive tax preparation services that go beyond traditional methods. With industry-leading experts and cutting-edge software, we ensure accurate returns, identify potential problems, and maximize deductions to help you achieve your financial goals. Our proactive approach helps you make positive financial changes and secure a brighter future.