COVID-19 have definitely impacted the lives of everyone in some capacity all over the globe. Many are facing financial hardships and are struggling to meet obligations.
If you owe taxes to the IRS and have an offer of compromise, then here is some good news for you.
Take a look at the highlights of the new Taxpayer Relief Initiative that the IRS has available to taxpayers by visiting the following link:
The relief initiative offers short-term as well as long-term payment plans. The model is a taxpayer-friendly one, aimed to offer maximum assistance.
They will also set up installment agreements via the Online Payment Agreement (OPA) system. Definitely some great options available, particularly to taxpayers owing $50,000 or less in combined income tax, penalties and interest etc.
The IRS is making the commitment to helping taxpayers in any way possible and offering options that minimizes the stress and fear caused from having a tax debt.
Please click the link to read the article in its entirety.
If you need further information or assistance with preparing your tax returns, then please reach out to us today.
Sherma L. Stewart is the Founder and CEO of SLS Accounting & Business Consulting Service, which offers Business Advisory, Accounting & Tax Services. She is an Enrolled Agent, credentialed by the IRS, she also holds a Masters Degree in Business Management and a Bachelor’s Degree in Accounting. She is also a Quickbooks Certified ProAdvisor.
With over 15 years in the Accounting field, she has worked with individuals and companies across several industries, with budgets ranging from $10M to $450M.
As your Accountant and Business Advisor, she brings to you a wealth of knowledge and expertise in the areas of process improvement, including system implementation as well as cost-efficient strategies to ensure the sustainability of your business.
If you operate a small business and you are looking for an amazing Accountant, reach out today. SLS-ABCS, will come in and work with you to set up your system, train your team and will also assist you with managing your books.
Visit our website to learn more about our services and to book an initial consultation:
Quickbooks ProAdvisor url:
https://proadvisor.intuit.com/app/accountant/search?searchId=sherma-lisa-stewart