It’s understandable to feel overwhelmed when facing issues or disputes with the IRS. However, taking a head-on approach to IRS problem resolution in Lehi, UT is critical to ensure all deadlines are met and the issue is resolved correctly.
Fortunately, you don’t have to navigate this daunting task alone. The team of professionals at Paramount is prepared to help. Learn more about common problems with the IRS, the Industry Issue Resolution Program, and how Paramount can help alleviate the stress of working through IRS issues.
Common Problems with the IRS
The IRS administers and enforces tax laws. While most businesses and individuals strive to adhere to all tax laws and pay the appropriate amount of tax on time, it’s easy to get confused. As a result, challenges and disputes may arise from time to time. Common problems individuals and businesses face with the IRS include:
-
Audits: It’s easy to panic if you receive an Audit letter from the IRS. But with expert professionals at your side, there is no need to fear. Complying with an IRS audit can be time-consuming without help, and some people end up with a hefty bill because of misinformation about their rights. Instead of dealing directly with the IRS, save time, stress and money by working with Paramount.
-
Payroll tax problems: Failing to pay payroll taxes, missing the deadline to file payroll tax returns, or encountering other issues with payroll tax can result in serious consequences from the IRS. It is critical to consult a professional representative before dealing with the IRS on payroll tax issues.
-
Non-filed returns: Failing to file tax returns can result in jail time. While you may be responsible for paying interest and penalties on late returns, working to comply is in your best interest. A professional from Paramount can help you approach this common problem in a way that best protects your freedom and assets.
-
Wage garnishments and payment plans: Wage garnishments can easily sneak up on people and take a huge financial toll that feels endless. Fortunately, Paramount can help negotiate a payment plan to alleviate the burden of wage garnishments.
-
Bankruptcy: There are deep misunderstandings concerning bankruptcy and when it is the right solution for a business or individual. Paramount can help determine whether you qualify and if it’s the right choice for you.
The seasoned professionals at Paramount have navigated countless questions and issues concerning the IRS. Regardless of your specific concern, our team can help with IRS problem resolution in Lehi, UT.
The Industry Issue Resolution Program
IRS Problem Resolution in Lehi, UT
The IRS has implemented programs to assist taxpayers in resolving industry-specific tax issues.
The Industry Issue Resolution Program (IIR) seeks to resolve common tax issues and questions that arise. By addressing these issues through pre-filing guidance, the IRS seeks to reduce confusion and financial burden post-filing1. There is also an independent organization within the IRS, the Taxpayer Advocate Service, for situations that cannot be resolved with the IRS2.
Determining whether your specific issue qualifies for the IIR Program can be complex. Even if it does, this process can still be time-consuming and confusing. Paramount professionals thoroughly understand all available programs and will leverage the correct avenues for resolving your problems with the IRS.
For individuals and businesses grappling with tax issues, the outlook can feel hopeless. Facing IRS problems with an experienced team at your side can drastically reduce stress, anxiety, and overall costs. With customized tax services to meet your precise needs, Paramount provides hope and clarity in difficult situations. Schedule an appointment today!
1https://www.who.int/news-room/fact-sheets/detail/low-back-pain
2https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2539004/
Paramount Tax & Accounting CPAs of Lehi specializes in Employee Stock Options