When it comes to struggling to find small business finance, tax issues being an impediment are more common than people realize. What is a business owner with tax issues to do if when money is tight, the IRS or other taxing authorities come knocking and few financing choices are out there?
The IRS is an ever-present force that demands payment regardless of the consequences to business owners and their small businesses. Companies with tax problems often feel like they have nowhere to turn. If they pay the IRS, a lot of times they won’t have the money to continue doing business. Without a business, there’s no way to pay down the debt to the IRS. Nevertheless, the IRS is relentless and will never stop pursuing a business owner who owes taxes unless someone steps in.
Many business owners wonder what type of business financing is available if they have tax problems. There are options available for a business owner in tax trouble, but only if they choose to work with a qualified invoice factoring company. A business owner may be eligible for invoice factoring, payroll funding, purchase order financing, letters of credit, government contract financing, and even supplier guarantees. We can work with the IRS and other taxing entities to keep them at bay and help keep a company going. Ultimately the IRS just wants their money. Closing a business down is not likely to get them paid, but they have a certain protocol they have to follow.
ARfunding.org is here to help with working capital for the business owners regardless of their tax issues. Tax professionals are costly, time-consuming, and often only negotiate a settlement in full without thought of the business needing funding through a tri-party agreement or having the tax entity subordinate their position to the invoice factoring company. If a business is hurting for money and they don’t have the money to pay, that’s not very helpful. It can even start a negative chain reaction because settlement offers usually have a time limit. ARfunding.org has the expertise available to do much more than just get a settlement offer. Not all factoring companies have the expertise and experience to be able to work with the IRS. It’s imperative that the invoice factoring company that a business with tax problems uses has this expertise.