Worried About Unfiled Business Taxes?
Explore your tax relief options today!
Don’t Let Unfiled Taxes Upend Your Business!
Juggling the responsibilities of a business owner is exhausting work. With everything on your plate, it’s all too easy for things to slip through the cracks – like filing your business taxes. Unfortunately, state tax authorities and the IRS don’t play when it comes to missing tax deadlines. Failing to file and pay on time can have serious consequences. You can face stiff penalties and interest fees or even face civil or criminal charges. Additionally, the IRS may place liens or levies against your business, which can negatively impact your ability to take out business loans and other types of credit accounts.
If you haven’t filed your business taxes, the clock is ticking. Don’t wait for the IRS or state to seize your business assets – take action now! Schedule a free consultation with one of our business tax experts and explore your relief options today.
Unfiled Returns? File Sooner, Not Later
One of the reasons business owners fail to file their taxes on time is because they owe more than they can afford to pay. Although this may seem like a smart move, it’s actually better to file and pay what you can by the deadline date. That’s because the failure-to-file penalty is 5% of your outstanding tax balance. This can quickly increase your overall tax debt. By filing on time (or as soon as possible), you’ll only be subjected to the failure-to-pay penalty, which is 0.5% of your balance due. This is typically reduced to 0.25% once you’ve entered into a payment plan for any remaining tax balance.
If you haven’t filed your business taxes for the past two years or longer, Business Tax Relief can help you get back into compliance and mitigate your penalty fees. It’s as easy as 1-2-3!
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