FOR IMMEDIATE RELEASE
January 11, 2011 –
Phoenix Financial Group represented a concrete company in Texas. ABC Concrete is a pseudonym for the real company. Phoenix Financial Group does not want to compromise the identity of its clients. ABC Concrete owed the IRS over $800,000 in payroll taxes. They had not paid taxes in 2005, 2006, 2007 and 2008. They had filed their 941 federal tax returns on time, but had not made the required Federal Tax Deposits. The IRS penalties were over 20% of the entire debt.
Phoenix Financial Group listened to the complaints of the taxpayer with regard to dealing with the IRS. They could not afford 8,000 -15,000 dollars a month. That is the amount the IRS would expect every month until the debt was satisfied. Phoenix Financial Group was successful in negotiating an installment agreement with the IRS for the outstanding payroll taxes of $2500 per month. This allowed ABC Concrete to maintain its current Federal Tax Deposits and repay the outstanding debt at an affordable rate.
Phoenix Financial Group has Enrolled Agents and Tax Attorneys ready to help businesses in trouble with the IRS and payroll taxes.
IRS tax debt payroll tax resolution