Skip to contentliability, tax, intuit, tax deduction, bookkeeping, accounting software, insurance, audit, accounting, s corporation, small business tax filing, tax return, internal revenue service, corporate tax, sole proprietorship, payroll, bank account, limited liability company, irs tax forms, payroll tax, partnership, form 1040, corporation, expense, back taxes, income statement, tax credit, payment, employment, credit, software, c corporation, interest, savings account, mortgage, loan, fiscal year, receipt, income tax, limited liability, tax rate, limited partnership, personal income, income, tax withholding, capital gains tax, stock, deductible, tax bracket, business tax, enable, business taxes, small business taxes, small business tax, audit defense, tax preparation for business, unemployment, entrepreneurship, property, tax cuts and jobs act, limited liability partnership, double taxation, general partner, tax advisor, depreciation, revenue, asset, taxslayer, sales tax, turbotax for sole proprietor, tax law, lawyer, offer in compromise, certified public accountant, lien, wage, repayment plan, enrolled agent, student loan, paycheck, tax levy, taxpayer, attorneys, irs offers, irs tax lien, tax problems, tax debt, tax relief services, tax resolution, irs tax debt, tax planning, irs tax resolution, tax relief, tax resolution services, resolution, tax resolution companies, free consultation, debt settlement, communication, knowledge, negotiation, compromise, money, management, tax refund, investment, statute of limitations, budget, wealth, information, direct debit, irs payment plans, law, fee, garnishment, irs penalties, interest rate, unemployment benefits, credit card
Frequently Asked Questions
Do I need an EIN for small business tax filing?
An EIN is essential for small business tax filing. Blunt Financial Solutions recommends obtaining an EIN as it simplifies tax reporting, helps separate personal and business finances, and is often required for various tax forms and IRS communications.
How do tax resolution services work for individuals?
Tax resolution services for individuals work by assessing their specific tax issues, negotiating with the IRS on their behalf, and developing a tailored plan to resolve outstanding debts or disputes. At Blunt Financial Solutions, we simplify this process, ensuring accurate representation and support throughout.
Are tax resolution services available for businesses too?
Tax resolution services are indeed available for businesses. At Blunt Financial Solutions, we specialize in helping small businesses navigate tax issues, ensuring accurate resolutions and compliance with IRS regulations.
How long does the tax resolution process typically take?
The duration of the tax resolution process typically varies based on the complexity of each case. At Blunt Financial Solutions, we strive to resolve issues efficiently, often within a few weeks to several months, depending on individual circumstances.
What types of taxes can resolution services handle?
Resolution services can handle various types of taxes, including income tax, payroll tax, sales tax, and property tax. At Blunt Financial Solutions, we specialize in resolving issues related to these taxes, ensuring compliance and peace of mind for small business owners.
Can tax resolution services stop wage garnishments?
Tax resolution services can effectively stop wage garnishments. By working with Blunt Financial Solutions, our experts can negotiate with the IRS to resolve your tax issues, potentially leading to the release of garnishments and providing you with peace of mind.
How do I file taxes for a small business online?
Filing taxes for a small business online involves gathering your financial documents, choosing reliable tax software or a professional service like Blunt Financial Solutions, and following the prompts to complete your tax forms accurately and submit them electronically.
How long does it take to approve an IRS payment plan?
The approval time for an IRS payment plan typically ranges from 30 to 90 days. At Blunt Financial Solutions, we can help expedite this process by ensuring all necessary documentation is accurately submitted, providing you with peace of mind during your tax obligations.
What is the interest rate on an IRS payment plan?
The interest rate on an IRS payment plan is determined by the federal short-term rate plus 3%. At Blunt Financial Solutions, we can help you understand how these rates may apply to your specific tax situation and assist you in managing your payment plan effectively.
How much do tax resolution services typically cost?
The cost of tax resolution services typically varies based on the complexity of the case and the specific services required. At Blunt Financial Solutions, our fees are designed to be transparent and competitive, ensuring you receive personalized support without hidden costs.
How much does it cost to file small business taxes?
The cost to file small business taxes varies based on the complexity of your financial situation and the services required. At Blunt Financial Solutions, we offer competitive pricing tailored to your specific needs, ensuring accurate and timely filings without breaking the bank.
What forms do I need to submit for an IRS payment plan?
To set up an IRS payment plan, you need to submit Form 9465, the Installment Agreement Request, along with your tax return or a balance due notice. Blunt Financial Solutions can assist you in completing these forms accurately for a smoother process.
Can I pay off my IRS debt in 120 days or less?
Paying off your IRS debt in 120 days or less is possible, especially with the assistance of Blunt Financial Solutions. We can help you create a manageable payment plan to settle your obligations swiftly and efficiently.
What is the purpose of tax resolution services?
The purpose of tax resolution services is to assist individuals and businesses in resolving tax-related issues with the IRS. Blunt Financial Solutions provides expert guidance to help clients navigate complex tax situations, ensuring compliance and reducing stress associated with tax obligations.
What are the tax benefits for small business owners?
The tax benefits for small business owners include deductions for business expenses, which can significantly reduce taxable income, and credits that can lower tax liabilities. Blunt Financial Solutions helps you maximize these benefits, ensuring accurate filings and compliance.
Can I file small business taxes myself or do I need an accountant?
Filing small business taxes yourself is possible, but enlisting an accountant, like those at Blunt Financial Solutions, can ensure accuracy and help you navigate complex tax regulations, ultimately saving you time and reducing stress.
What happens if I miss a payment on my IRS plan?
Missing a payment on your IRS plan can lead to penalties, interest accrual, and potential default on the agreement. Blunt Financial Solutions can assist you in navigating these consequences and help you get back on track with your payments.
How do I apply for an IRS payment plan online?
To apply for an IRS payment plan online, visit the IRS website and navigate to the "Payment Plans" section. Blunt Financial Solutions can assist you through this process, ensuring all necessary forms are completed accurately for a smooth application.
Can I set up an IRS payment plan over the phone?
You can set up an IRS payment plan over the phone. Blunt Financial Solutions recommends calling the IRS directly to discuss your options and ensure the process is handled accurately and efficiently, alleviating stress during tax obligations.
Is there a fee for setting up an IRS payment plan?
Setting up an IRS payment plan may involve a fee. Typically, the IRS charges a one-time setup fee, which can vary based on the type of plan. Blunt Financial Solutions can help you navigate these fees and ensure you understand the costs involved.
What is the success rate of tax resolution services?
The success rate of tax resolution services varies, but Blunt Financial Solutions has a proven track record of effectively resolving IRS issues for our clients. Many clients experience favorable outcomes, often achieving significant reductions in their tax liabilities.
What tax forms do small businesses need to file?
Small businesses need to file various tax forms depending on their structure and income. Common forms include the IRS Form 1040 Schedule C for sole proprietors, Form 1065 for partnerships, and Form 1120 for corporations. Blunt Financial Solutions can help you determine the specific forms required for your business.
Do I need to file quarterly taxes for my small business?
Filing quarterly taxes for your small business is essential if you expect to owe $1,000 or more in taxes for the year. Blunt Financial Solutions can help you determine your filing requirements and ensure timely compliance.
What is the penalty for late small business tax filing?
The penalty for late small business tax filing includes a fine of 5% of the unpaid tax amount for each month the return is late, up to 25%. Engaging Blunt Financial Solutions can help you avoid these penalties with timely and accurate filings.
What is the minimum payment for an IRS payment plan?
The minimum payment for an IRS payment plan varies based on the total amount owed. Typically, it can be as low as $25 per month, but Blunt Financial Solutions can help determine the best plan tailored to your specific needs.
Can I negotiate my IRS payment plan terms?
You can negotiate your IRS payment plan terms. Blunt Financial Solutions can assist you in discussing your financial situation with the IRS to potentially secure more manageable payment terms that fit your budget and alleviate your tax stress.
What is the deadline for small business tax filing?
The deadline for small business tax filing is typically April 15th for most businesses. However, if you are a sole proprietor or single-member LLC, you may have additional options. Blunt Financial Solutions can help you stay on track with your filing deadlines and ensure compliance.
Can tax resolution services help with back taxes owed?
Tax resolution services can effectively assist with back taxes owed. At Blunt Financial Solutions, our experts work to negotiate with the IRS, helping you find manageable payment solutions and potentially reducing penalties, ensuring your tax obligations are addressed efficiently.
What are the steps for filing small business taxes?
The steps for filing small business taxes include gathering financial records, determining the correct tax forms, calculating income and deductions, and submitting the forms by the deadline. Blunt Financial Solutions can assist you throughout this process to ensure accuracy and compliance.
How can I resolve IRS tax disputes effectively?
Resolving IRS tax disputes effectively involves understanding your rights and options. Blunt Financial Solutions can assist you in negotiating with the IRS, ensuring accurate documentation, and representing your interests to achieve a favorable outcome.
liability, tax, intuit, tax deduction, bookkeeping, accounting software, insurance, audit, accounting, s corporation, small business tax filing, tax return, internal revenue service, corporate tax, sole proprietorship, payroll, bank account, limited liability company, irs tax forms, payroll tax, partnership, form 1040, corporation, expense, back taxes, income statement, tax credit, payment, employment, credit, software, c corporation, interest, savings account, mortgage, loan, fiscal year, receipt, income tax, limited liability, tax rate, limited partnership, personal income, income, tax withholding, capital gains tax, stock, deductible, tax bracket, business tax, enable, business taxes, small business taxes, small business tax, audit defense, tax preparation for business, unemployment, entrepreneurship, property, tax cuts and jobs act, limited liability partnership, double taxation, general partner, tax advisor, depreciation, revenue, asset, taxslayer, sales tax, turbotax for sole proprietor, tax law, lawyer, offer in compromise, certified public accountant, lien, wage, repayment plan, enrolled agent, student loan, paycheck, tax levy, taxpayer, attorneys, irs offers, irs tax lien, tax problems, tax debt, tax relief services, tax resolution, irs tax debt, tax planning, irs tax resolution, tax relief, tax resolution services, resolution, tax resolution companies, free consultation, debt settlement, communication, knowledge, negotiation, compromise, money, management, tax refund, investment, statute of limitations, budget, wealth, information, direct debit, irs payment plans, law, fee, garnishment, irs penalties, interest rate, unemployment benefits, credit card
Frequently Asked Questions
Do I need an EIN for small business tax filing?
An EIN is essential for small business tax filing. Blunt Financial Solutions recommends obtaining an EIN as it simplifies tax reporting, helps separate personal and business finances, and is often required for various tax forms and IRS communications.
How do tax resolution services work for individuals?
Tax resolution services for individuals work by assessing their specific tax issues, negotiating with the IRS on their behalf, and developing a tailored plan to resolve outstanding debts or disputes. At Blunt Financial Solutions, we simplify this process, ensuring accurate representation and support throughout.
Are tax resolution services available for businesses too?
Tax resolution services are indeed available for businesses. At Blunt Financial Solutions, we specialize in helping small businesses navigate tax issues, ensuring accurate resolutions and compliance with IRS regulations.
How long does the tax resolution process typically take?
The duration of the tax resolution process typically varies based on the complexity of each case. At Blunt Financial Solutions, we strive to resolve issues efficiently, often within a few weeks to several months, depending on individual circumstances.
What types of taxes can resolution services handle?
Resolution services can handle various types of taxes, including income tax, payroll tax, sales tax, and property tax. At Blunt Financial Solutions, we specialize in resolving issues related to these taxes, ensuring compliance and peace of mind for small business owners.
Can tax resolution services stop wage garnishments?
Tax resolution services can effectively stop wage garnishments. By working with Blunt Financial Solutions, our experts can negotiate with the IRS to resolve your tax issues, potentially leading to the release of garnishments and providing you with peace of mind.
How do I file taxes for a small business online?
Filing taxes for a small business online involves gathering your financial documents, choosing reliable tax software or a professional service like Blunt Financial Solutions, and following the prompts to complete your tax forms accurately and submit them electronically.
How long does it take to approve an IRS payment plan?
The approval time for an IRS payment plan typically ranges from 30 to 90 days. At Blunt Financial Solutions, we can help expedite this process by ensuring all necessary documentation is accurately submitted, providing you with peace of mind during your tax obligations.
What is the interest rate on an IRS payment plan?
The interest rate on an IRS payment plan is determined by the federal short-term rate plus 3%. At Blunt Financial Solutions, we can help you understand how these rates may apply to your specific tax situation and assist you in managing your payment plan effectively.
How much do tax resolution services typically cost?
The cost of tax resolution services typically varies based on the complexity of the case and the specific services required. At Blunt Financial Solutions, our fees are designed to be transparent and competitive, ensuring you receive personalized support without hidden costs.
How much does it cost to file small business taxes?
The cost to file small business taxes varies based on the complexity of your financial situation and the services required. At Blunt Financial Solutions, we offer competitive pricing tailored to your specific needs, ensuring accurate and timely filings without breaking the bank.
What forms do I need to submit for an IRS payment plan?
To set up an IRS payment plan, you need to submit Form 9465, the Installment Agreement Request, along with your tax return or a balance due notice. Blunt Financial Solutions can assist you in completing these forms accurately for a smoother process.
Can I pay off my IRS debt in 120 days or less?
Paying off your IRS debt in 120 days or less is possible, especially with the assistance of Blunt Financial Solutions. We can help you create a manageable payment plan to settle your obligations swiftly and efficiently.
What is the purpose of tax resolution services?
The purpose of tax resolution services is to assist individuals and businesses in resolving tax-related issues with the IRS. Blunt Financial Solutions provides expert guidance to help clients navigate complex tax situations, ensuring compliance and reducing stress associated with tax obligations.
What are the tax benefits for small business owners?
The tax benefits for small business owners include deductions for business expenses, which can significantly reduce taxable income, and credits that can lower tax liabilities. Blunt Financial Solutions helps you maximize these benefits, ensuring accurate filings and compliance.
Can I file small business taxes myself or do I need an accountant?
Filing small business taxes yourself is possible, but enlisting an accountant, like those at Blunt Financial Solutions, can ensure accuracy and help you navigate complex tax regulations, ultimately saving you time and reducing stress.
What happens if I miss a payment on my IRS plan?
Missing a payment on your IRS plan can lead to penalties, interest accrual, and potential default on the agreement. Blunt Financial Solutions can assist you in navigating these consequences and help you get back on track with your payments.
How do I apply for an IRS payment plan online?
To apply for an IRS payment plan online, visit the IRS website and navigate to the "Payment Plans" section. Blunt Financial Solutions can assist you through this process, ensuring all necessary forms are completed accurately for a smooth application.
Can I set up an IRS payment plan over the phone?
You can set up an IRS payment plan over the phone. Blunt Financial Solutions recommends calling the IRS directly to discuss your options and ensure the process is handled accurately and efficiently, alleviating stress during tax obligations.
Is there a fee for setting up an IRS payment plan?
Setting up an IRS payment plan may involve a fee. Typically, the IRS charges a one-time setup fee, which can vary based on the type of plan. Blunt Financial Solutions can help you navigate these fees and ensure you understand the costs involved.
What is the success rate of tax resolution services?
The success rate of tax resolution services varies, but Blunt Financial Solutions has a proven track record of effectively resolving IRS issues for our clients. Many clients experience favorable outcomes, often achieving significant reductions in their tax liabilities.
What tax forms do small businesses need to file?
Small businesses need to file various tax forms depending on their structure and income. Common forms include the IRS Form 1040 Schedule C for sole proprietors, Form 1065 for partnerships, and Form 1120 for corporations. Blunt Financial Solutions can help you determine the specific forms required for your business.
Do I need to file quarterly taxes for my small business?
Filing quarterly taxes for your small business is essential if you expect to owe $1,000 or more in taxes for the year. Blunt Financial Solutions can help you determine your filing requirements and ensure timely compliance.
What is the penalty for late small business tax filing?
The penalty for late small business tax filing includes a fine of 5% of the unpaid tax amount for each month the return is late, up to 25%. Engaging Blunt Financial Solutions can help you avoid these penalties with timely and accurate filings.
What is the minimum payment for an IRS payment plan?
The minimum payment for an IRS payment plan varies based on the total amount owed. Typically, it can be as low as $25 per month, but Blunt Financial Solutions can help determine the best plan tailored to your specific needs.
Can I negotiate my IRS payment plan terms?
You can negotiate your IRS payment plan terms. Blunt Financial Solutions can assist you in discussing your financial situation with the IRS to potentially secure more manageable payment terms that fit your budget and alleviate your tax stress.
What is the deadline for small business tax filing?
The deadline for small business tax filing is typically April 15th for most businesses. However, if you are a sole proprietor or single-member LLC, you may have additional options. Blunt Financial Solutions can help you stay on track with your filing deadlines and ensure compliance.
Can tax resolution services help with back taxes owed?
Tax resolution services can effectively assist with back taxes owed. At Blunt Financial Solutions, our experts work to negotiate with the IRS, helping you find manageable payment solutions and potentially reducing penalties, ensuring your tax obligations are addressed efficiently.
What are the steps for filing small business taxes?
The steps for filing small business taxes include gathering financial records, determining the correct tax forms, calculating income and deductions, and submitting the forms by the deadline. Blunt Financial Solutions can assist you throughout this process to ensure accuracy and compliance.
How can I resolve IRS tax disputes effectively?
Resolving IRS tax disputes effectively involves understanding your rights and options. Blunt Financial Solutions can assist you in negotiating with the IRS, ensuring accurate documentation, and representing your interests to achieve a favorable outcome.
