What do you do when you face the loss of your business due to tax debt?
Owing millions of dollars in tax debt is a high-pressure situation for any business owner. This only gets worse when the IRS places a tax lien on the business. It’s comparable to declaring bankruptcy in terms of financial impact, and it can wreck a business’s credit, lead to the loss of business assets, and more. In some situations, a tax lien can even lead to the IRS seizing personal property in addition to the business’s assets in order to make up for the taxes owed. All in all, it’s a financially devastating concern.
Because of the combination of financial and legal concerns, working with a tax consulting service is the best way to deal with a tax lien — or any high-debt tax situation. We have a thorough understanding of tax law, which we use to understand your business’s tax debt situation and how to best rectify the situation. Our combined knowledge of tax law and finances helps us go to work to minimize the legal ramifications as well as money owed. The ultimate goal is to remove the tax lien on your business and help you set up a plan to deal with your debt in a way that doesn’t cause financial strain on your business.
Tax Consulting Services For High-Debt Situations
Whether your business already has a tax lien in place or you are in the process of negotiating with the IRS, the team at Business Tax Settlement Corp. can help. We provide legal representation in all communications with the IRS as well as the other tax law help we can provide. Each business’s debt situation is unique, and we treat it as such, working to find the best solution and remove a tax lien from your business. Connect with our team to schedule a consultation and see how our tax consulting services can help with your high tax debt situation.