IRS Accepts Trust Fund Hold on Collections in Corona, NY
IRS Installment Agreement – 09-22-2005
Taxpayer Situation: Taxpayers owed the IRS for all business payroll quarters for the years 2002- 2004. The IRS assessed a Trust Fund Recovery Penalty against the owner personally. The taxpayer had outstanding payroll tax reports for 2002 through 2005.
Resolution Outcome: Legacy Tax & Resolution Services successfully prepared and filed all outstanding payroll tax reports and negotiated with the Internal Revenue Service an Installment Agreement for payroll tax liabilities for a client in Corona, NY. Legacy Tax & Resolution Services negotiated payments of $2646 monthly on a liability totaling over $158,745.
Benefit: Allow the business to operate without the constant harassment from the IRS and placed a hold on the personal Trust Fund Collections.
If you need help negotiating with the IRS or State, don’t hesitate to contact Legacy Tax & Resolution services at (855) 829-5877.