We counsel and assist retailers with government income and other tax controversies, including government income and other tax debt, missing IRS tax forms, and audits.
Regrettably, retailers are inclined to have late filed or missing tax returns. This is likely due to the special aspects of the work retailers perform. Retailers often work long and irregular hours. This keeps them from taking care of IRS problems, which includes timely filing IRS tax forms.
Retailers are also more likely to have unpaid tax debt. This is also due to the special aspects of the work retailers perform. It is also due to the type of abilities and training that retailers have. Retailers are rational and willing to fully understand issues before making decisions. This may result in inaction when it comes to resolving unpaid tax debt. Other retailers face the opposite problem, namely, they put off decisions to the last minute.
Retailers are also likely to be subject to audit by the IRS. The IRS generally views retailers as being more likely to have significant tax problems. These significant tax problems also stem from the special aspects of the work retailers perform and their skills and training, but also from their tendency to prepare their own IRS tax forms or rely on lower-end tax preparers.
From a tax standpoint, right or wrong, retailers are defined by missing or late filed IRS tax forms, unpaid tax debt, and government income and other tax audits. There are a number of court cases and administrative rulings that demonstrate this. If you are a retailer, we can help you avoid or manage these issues.
We help retailers with missing or late filed IRS tax forms, unpaid tax debt, and government income and other tax audits. We would like to hear from you if you are a retailer and have one of these issues or are likely to have one of these issues in the future.
Please contact us to discuss your options today.