Tuesday

IRS Tax Lien Certificate of Discharge | Converting Your Business Entity to Save Thousands in Penalties, Interest and Principal Tax


The best way to obtain relief from a large tax debt on your business is to reorganize into another entity. This taxpayer owes nearly $70,000 however I was able to have the IRS agree to release the assets of the business to use in another business entity for $7231.  This startegy commonly referred to in the tax resolution industry as a "new-co" or new company formation will provide you with the most bang for your buck.  

This strategy works if the assets in your business (including accounts receivable) are significantly lower than your federal tax debt.  I have represented hundreds of taxpayers using this resolution strategy.  My fee for a new entity start-up range from $2000 to $5000 depending on the size of trust fund portion of the payroll tax.  Contact me if interested at 720.340.4065.