As taxpayers in Seattle, business owners need to maintain compliant status if they do not want to get in trouble with the Internal Revenue Service. Failing to file a tax return can become stressful when the penalties start piling. Once a business taxpayer’s account makes its way to the Collection Division Inventory, the Internal Revenue Service will begin sending notices. Those unfiled delinquent tax returns could result in your business assets being seized or a levy being placed on your source of income. Before problems with the IRS become overwhelming, consider these tips:
The IRS will work with business taxpayers who are looking to become compliant. If you are unsure about your obligations, especially if you have just recently started your business in Seattle, being tax compliant can become complicated. Make sure you are well informed about the tax laws in the area so that you can boost your business’s profitability and growth.
If you ever find your business facing IRS and tax troubles, call 206-970-4-IRS to speak to one of our tax resolution experts. There is no cost or obligation to get in touch with us and your initial phone consultation is absolutely free.