The Elrod Law Firm is a Texas Law Firm specializing in all aspects of IRS and State tax resolution. With its principal office in Katy, Texas, The Elrod Law Firm primarily serves the Greater Houston area and Southeast Texas -- including Fort Bend, Harris, Montgomery and surrounding Counties.
BUSINESS TAX DEBT
In some cases, a business debt can be settled with an Offer in Compromise. Typically, this requires that the business be closed and that the business owner(s) be charged the Trust Fund Recovery Penalty (TFRP), allowing the IRS to attempt to collect the business debt from the owner(s). Once this occurs, it is sometimes possible to settle the debt depending on the financial situation of the business owner(s).
Contact us, and we will go over your case with you, and explain all the options available to you.