Showing posts with label overdue taxes. Show all posts
Showing posts with label overdue taxes. Show all posts

Monday, June 2, 2025

Colorado Springs: Facing the Stress of Overdue Payroll Taxes: Finding Trust and Solutions

 



Running a business comes with its share of excitement and triumphs, but also challenges that can sometimes feel overwhelming. One of the most taxing issues small business owners face is falling behind on payroll taxes. It's not just about the numbers, it's about the stress, the dread of seeing another IRS letter, and the constant worry of what might happen next.

Picture this: the once-organized stack of mail is now a looming pile of IRS notices. Each envelope carries a weight that seems heavier with each passing day. The annoyance over missed payments quickly turns to embarrassment. Is there a way out? Where can solutions be found to catch up on these daunting payroll taxes?

In these moments, feelings of stress and vulnerability are palpable. The fear of harassment by the IRS, the dread of tax liens, and the anxiety over unresolved fines can make any business owner feel trapped. It’s in such times of distress that finding the right professional help can truly transform the narrative.

Helping business owners transition from feeling ashamed and frustrated to confident and optimistic is not just about numbers, it's about emotional clarity and peace. By turning to the right tax professional, the worry of dealing with the IRS alone is lifted. Instead, there's relief in knowing that someone is there to ensure you're not met with any unexpected tax surprises.

Take a breath, step away from the IRS stack, and reach out for assistance. Let the weight vanish and allow yourself to step into a future where you're no longer isolated or exposed, but supported and secure. Let’s navigate this together, reclaiming peace and stability for your business’s future.

525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com

Wednesday, July 12, 2023

Colorado Springs: How Can I Qualify for an Offer in Compromise?

 


You have heard the ads saying that your tax debt can be reduced from $100,000+ down to only a few dollars.  How accurate are these claims?  Do these companies do a thorough analysis?  Without a complete and thorough analysis, how can it be known whether or not you even qualify?  I highly recommend avoiding any company that fails to do a proper analysis to determine your reasonable collection potential (RCP).

Are you in filing compliance?  Are you making estimated payments or have enough withholding to cover your taxes for the year?  Each of these questions must have a "Yes" answer before an Offer in Compromise can even be submitted.

Marcelino Dodge, Enrolled Agent can help you with a complete analysis of your situation.  I can help to determine how best to approach your specific situation and determine the best possible solution.


525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com

Wednesday, June 7, 2023

Colorado Springs: My Spouse Filed Joint Tax Returns With Large Amounts of Tax Due? Am I Still Liable to Pay the Taxes?

 



You are either divorced or your spouse has passed away.  Then, one day you either have money unexpectedly withdrawn from you bank account by the IRS or receive notice of an overdue tax bill from the IRS.   You ask, "Why am I receiving these notices, my spouse is the one who owes the taxes?"  If you either knowingly or unknowing filed a joint tax return with your spouse, according to Internal Revenue Code Section 6013, the IRS can collect tax from either spouse.  This can lead to inequitable results.

One step is to determine if a valid joint return was filed.  Did you provide tacit consent? Did you sign the return under duress?  Was your signature forged on the return?  These are just some of the questions that would need to be answered to determine if you qualify for Innocent Spouse Relief.

Marcelino Dodge, Enrolled Agent of Cash Tracks Financial of Colorado Springs can help you to determine in you qualify to file for Innocent Spouse Relief under IRC Section 6015.


525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com

Colorado Springs: Navigating the Maze of Innocent Spouse Relief, Triumph Over Tax Trepidations

Innocent Spouse Relief can feel like an emotional rollercoaster. The maze of taxes brings with it feelings of stress, shame, and vulnerabili...