Phoenix Financial Group saved my business!

Phoenix Financial Group helps businesses that owe money to the Internal Revenue Service. 

Thousands of businesses across this country find themselves behind with their taxes. In most cases they are not behind because of some deliberate attempt to defraud the government. They just don't have the money due to some unforeseen circumstance. Businesses that owe employment taxes or 941s typically have the money to pay their employees their net wages but don't have the ability to remit the withholding and social security to the IRS.

The business owners will prioritize paying the rent and utilities over paying their employment taxes as their is an immediate effect if these bills are not paid on time. If you don't pay your electric bill, the power company will shut off your power. If you don't pay your rent, you'll get evicted. With the IRS it can take 6-12 months or even longer to catch up with a delinquent taxpayer. But make no mistake, they will catch up with you. And in that time a business could have racked up 4 quarters worth of 941 tax debt plus penalties and interest. Once the IRS has assigned a Revenue Officer, you can expect that the aggression level will be severe. Business owners fall into complacency because they get scary notices in the mail and then nothing happens... until something does. Collection letters from the IRS should be taken seriously. A business owner may see a CP504 - Notice of Intent to Levy or Letter 1058 - Final Notice of Intent to Levy. These letters precede IRS enforcement action like bank levies, accounts receivable levies and seizure of assets.

So what can you do if you have fallen behind?  Get professional representation. Hire someone that knows about the IRS Collection laws and procedures. Someone that can protect your rights as a taxpayer. Phoenix Financial Group is a tax resolution firm that specializes in resolving back 941 tax issues. All of our cases are assigned to a licensed Enrolled Agent or tax attorney.

Phoenix Financial Group can be reached at (888) 572-2179. 

The IRS is threatening to levy my bank accounts!!

The IRS is threatening to levy my bank accounts!!!!

If you owe money to the IRS, they can seize the money in your bank accounts and apply it to your past due balance. Depending on how much you owe, they could literally take every dollar that you have in your account. So what can you do about it?

If you have gotten to the point where the IRS is threatening to levy, you may want to consider getting professional representation. Phoenix Financial Group has an A+ rating with the Better Business Bureau. All cases are worked by a licensed tax professional. Their phone number is (888) 572-2179. 

Before the IRS can levy your bank account, they would have had to send notices to your address of record. These notices will state that they intend to levy on certain assets. The first round of IRS enforcement typically is just levying any known bank accounts. Once the bank receives the levy notice, you have a short window of time to get the levy released. Bank levies are not continuous in nature, meaning that once the levy has hit, that is it. The IRS would have to send another levy notice to the bank to attach to more funds. There are several ways to get a levy released including appeals and working with an IRS Revenue Officer. 

The tax professionals at Phoenix Financial Group are experts in all the ways to fight IRS enforcement action. Additionally we can help protect you and your assets, so that the IRS does not levy again. 

Getting into compliance with the IRS is always the first step in resolving a past due tax debt and to getting IRS Bank Levies lifted. Phoenix Financial Group has licensed tax professionals who can file your outstanding returns so that you qualify for resolution options like: Installment Agreements and Offers in Compromise. 

If you are receiving threatening letters from the IRS, now is the time to act. If you don't want a professional to handle your case, call the IRS directly at (800) 829-1040. 

If you want to protect your assets including your wages and bank accounts, call Phoenix Financial Group at (888) 572-2179. 

Phoenix Financial Group helps businesses with payroll tax debt aka Form 941.

Phoenix Financial Group helps businesses with their payroll tax debt. 

Businesses accrue this type of tax debt on their Form 941 - Employer's Quarterly Withholding Tax Return by failing to make their Federal Tax Deposits.

Businesses are required to pay the IRS their employee's withholding, social security and medicare via a Federal Tax Deposit using www.efpts.gov.

Depending on how large an employer's payroll tax due is, they can be either an annual, quarterly, monthly or "semi-weekly" depositor. Most businesses are either monthly or "semi-weekly". Gone are the days where an employer can make a Federal Tax Deposit at a bank. Deposits must be made on-line or the business will be assessed a penalty.

Some business run into cash flow problems or have been hit by a bad economy and end up not making their Federal Tax Deposits. Then when they go to file their 941 return at the end of the quarter, the IRS realizes that they didn't pay their taxes and the collection process begins. One common and costly mistake is for a business to fail to file their return because they didn't have the money to pay it. All this does is compound the problem because the IRS will assess a (severe) penalty for not filing the return on time. So even if a business can't afford to pay the tax due, it should still file its return on time.

The tax professionals at Phoenix Financial Group assist businesses with their back 941 tax debt. If the business has outstanding (un-filed) returns, Phoenix can file them. All cases are worked by either a licensed tax attorney or IRS Enrolled Agent. They handle the contact with the IRS and its Revenue Officers for the business. They will assist in the completing of the required financial statement forms (Form 433-A and Form 433-B). They will make sure the business is protected from the IRS' Enforced Collection Actions like bank levies and accounts receivable levies.

Phoenix Financial Group can get you the tax help that you need. They offer a flat fee service and can guide you to the best resolution option available to you. Give them a call at (888) 572-2179 or send an email to info@pfgtax.com for a free consultation.

Phoenix Financial Group located in Broomfield, Colorado

Phoenix Financial Group is located in Broomfield, CO. 

The business' address is:

520 Zang St #211
Broomfield, CO 80021

Phoenix Financial Group's main line phone number is (888) 572-2179 with a web address of: www.pfgtax.com.

Phoenix Financial Group provides a variety of different tax related services. They have tax professionals including tax attorneys and IRS Enrolled Agents on staff. They provide full service tax service including tax return preparation and back tax resolution.

You can give them a call if you need your current or past year tax return completed. They provide speedy service to get you the biggest refund possible at a discounted price.

If you owe money to the IRS, give them a call for a free consultation on how to best resolve your back tax issues. Don't pay more than you have to.

If your wages are being garnished or you have had your bank account levied, the tax professionals at Phoenix Financial Group are experts at getting enforcement action released.

Has the IRS filed some tax returns for you because you didn't do them yourself? Phoenix Financial Group can file old years and replace substitute returns with accurate ones. When the IRS files a return for you, they tax you at the highest rate possible. It is worth it to go back and correct these returns.

Have you heard about the IRS' Fresh Start Program? Do you qualify for an Offer in Compromise? Find out by calling Phoenix Financial Group. An Offer in Compromise could potentially save you thousands of dollars. The IRS will look at you assets and your income and expenses when considering your Offer. The tax professionals at Phoenix Financial Group have successfully resolved hundreds of cases and saved their clients millions of dollars through this program.


Get out of trouble with the IRS. Get your tax returns filed. Call Phoenix Financial Group at (888) 572-2179. 

Phoenix Financial Group saves clients millions through IRS Fresh Start Program

Case successfully resolved through the IRS Fresh Start Program saving clients over a million dollars. 

One of the Enrolled Agents at Phoenix Financial Group successfully resolved 2 client's cases in January using the IRS' Offer in Compromise Program which is part of their Fresh Start initiative.

The clients owed over a million dollars each. An Offer in Compromise was successfully submitted for each client. Each client saved over $1,200,000. The tax debt stemmed from several failed businesses that the client's had owned. They were assessed the Trust Fund Recovery Penalty and were being held personally responsible for the Trust Fund portion of the tax debt. Each client can now move on with their lives after reaching their settlement with the IRS.  

The Offer in Compromise Program is a great way to get a Fresh Start for those who qualify. In simplistic terms, a taxpayer can "Offer" an amount for less than they owe. The "Offer Amount" is based on financial considerations like equity in assets and disposable income.

The IRS only allows up to a certain level for each expense category. These are called National Standards.

If you owe back taxes and want to see if you qualify for an Offer in Compromise, give Phoenix Financial Group a call at: (888) 572-2179 or send us an email at: info@pfgtax.com. For more information visit: www.pfgtax.com.

We can help you with 1040 Personal Income Tax as well as business taxes like 1120 Corporate Income Tax and 941 Withholding Tax.

Phoenix Financial Group Tax Resolution and Tax Return Preparation

Phoenix Financial Group provides tax resolution and tax return preparation services. 

Phoenix Financial Group can help businesses and individuals with their past due tax debts. We also file tax returns including: 1040 Personal Income Tax, 1065 Partnership Income Tax Returns and 1120 Corporate Income Tax Returns. 

If you have several years of unfiled returns, we can help you get back into compliance while keeping the IRS off your back. The longer you wait to file a return the more penalties will accrue. Also please note that if you are due a refund, that refund will expire if you do not file your tax return within a certain time frame. 

Do you have a 1040 tax debt? You may qualify for an Offer in Compromise which is part of the IRS' Fresh Start Program. This program could save you thousands of dollars if you qualify. 

Phoenix Financial Group can help your business with its past due 941 tax debt. The IRS will be quite aggressive when it comes to collecting past due 941 taxes.  You do have rights. We can help you exercise them and prevent your business from being levied out of business by the IRS. (A levy is when the IRS seizes the money from your bank account or your accounts receivable). Levies are the most common way for the IRS to shut a business down. If they take the money out of your bank account and your accounts receivable are instructed to pay the IRS rather than your business, it will be impossible to continue to operate. They can do this by sending a couple of letters. 

Phoenix Financial Group has IRS Enrolled Agents and tax attorneys on staff that can help you resolve your past due taxes. 

Phoenix Financial Group can be reached at (888) 572-2179 or email info@pfgtax.com.