Top Investments That Cause IRS Tax Problems
Owning a business, buying and selling real estate, and making financial investments such as with IRAs and stocks are major investments that can cause major IRS tax problems if you’re not careful or well-informed.
There are certain investments that seem to trigger IRS tax problems simply because they exist. While these investments are made to secure your financial future, they can actually rob you of it. If any of the following apply to you, contact Centsable Accounting.
We can help you solve your IRS tax problems and get your financial future back on track.
Are You Plagued by the Following IRS Tax Problems?
Business Tax Problems
There are a number of reasons a business can find itself mired in IRS tax problems. Some of the most common are:
- Improper filing and/or failure to file business income tax statements
- Miscalculating, not withholding and/or failure to pay sales taxes
- Misclassifying employees as independent contractors
- Not paying payroll taxes.
Any of these business tax problems can lead the IRS to levy severe penalties. IRS business tax penalties can range from large fines to liens to outright business closure. In certain cases, the IRS can even hold business owners personally liable for their business’ tax problems.
If your business has IRS tax problems, this is no time to go it alone.
Centsable Accounting is a certified tax resolution firm that will represent you before IRS and taxing authorities. We can stop bank levies, negotiate penalty abatements, help you handle IRS audits and more.
Real Estate Income Tax Problems
Investing in real estate is the American dream for many. But, it can quickly
become a nightmare if tax problems ensue as a result. Following are some
common IRS tax problems that can be triggered by real estate investments:
- Improperly calculating and not filing taxes on rental and/or investment property
- Not assessing capital gains on international real estate investments
- Misevaluating and not paying tax obligations on the sale of second/vacation homes
One innocent misstep can cause you to owe significant back taxes on your real estate investment(s), and initiate other real estate income tax problems.
The tax resolution specialists of Centsable Accounting are experts at
solving real estate tax problems. We help you get back on the road to
financial security -- presumably your primary reason for investing in
real estate in the first place.
Financial Investments / Stock Tax Problems
Like real estate, many Americans invest in the stock market, mutual funds,
bonds, etc. All of these are shrouded in complex regulations that can
produce IRS tax problems. Following are some frequent problems that occur
with financial investments like stocks, bonds, and mutual funds:
- Not recording the sale and/or exchange of stocks, bonds, mutual funds, etc.
- Unauthorized trading or dishonesty by account managers
- Stock broker fraud
- Prohibited investment of individual retirement account (IRA) funds
The tax resolution specialists of Centsable Accounting can help you settle back taxes, file delinquent tax returns, remove tax liens, work out IRS installment agreements and more.
At Centsable Accounting, we give you more than relief from your IRS tax
problems -- we give you back your peace of mind.
About Becky Schmitz
Becky Schmitz is an enrolled agent and the owner of Centsable Accounting - http://www.centsableaccounting.com - a tax problem resolution firm based in Montana but serving the entire U.S. Centsable Accounting can help with tax problems like back taxes and IRS tax penalties, problems often seen with major investments.