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Abraham, Blasio & Co., Inc. will represent you before whatever taxing authority-city, state, or federal-you are dealing with. We help you understand what to expect, explain your options, and advocate for you every step of the way. Whatever your tax concern, you do not need to handle it alone. We are experienced in addressing a wide range of tax matters, helping those with at least $10,000 in tax debt. If you cannot pay your tax debt in full, the IRS may agree to let you pay it off gradually in monthly installments.
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At Abraham, Blasio & Co., Inc, our mission is to help our clients solve problems that could negatively affect their lives, families, businesses, and financial security. Unpaid tax debt, if not dealt with in a timely fashion, is one such threat to the things you value. For most people, dealing with tax matters is intimidating.
When starting a business, your choice of business entity is one of the most important decisions to make. If you're going into business with partners, it's important to understand how a general partnership compares to other types of partnerships and to other business structures. Ultimately, if you're the only owner of your business and you've started providing goods or services, you have a sole proprietorship. This being said, however, there are a few additional steps you'll want to take to make your business official.
If you cannot pay your tax debt in full, the IRS may agree to let you pay it off gradually in monthly installments. The IRS may be a difficult and impersonal entity to work with, but it is also highly logical and practical. The agency understands that it simply cannot take money that doesn't exist.
The IRS can sometimes saddle you with a tax debt that is actually the responsibility of your spouse or ex-spouse. If the actions of your spouse caused the tax problem and you were unaware of or had no part in those actions, you can use the IRS Form 8857 to request tax resolution called "innocent spouse relief" and have the tax debt and penalties removed.
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