“In this world, nothing can be said to be certain, except death and taxes.”
– Benjamin Franklin
Tax season is upon us. In a few months the hassles and headaches associated with filing taxes will be sequestered into the dark recesses of our minds… for some. However, for the thousands of business owners who have fallen into debt with the IRS, tax season never seems to end. For those who are unfamiliar, a tax lien is something that acts as a safety net for the government; if you fail to pay a tax debt, the government can legally claim your company’s assets. How does this happen? In the event that the IRS detects that there may be a problem, they will send you a notice for repayment. If you fail to do so, a tax lien will be filed and attached to all of your corporate assets. From there, it becomes a downward spiral. In recent years, the IRS estimated that 8.2 million Americans owed a total of roughly $80 billion in back taxes. The IRS, not being the type to let $80 billion worth of bygones be bygones, issues tax liens to delinquent taxpayers as a kind of negative incentive to get their checks in the mail right away. A tax lien can be a detriment not just to your business, but even to your personal credit.
Fortunately at Central Capital Group, our business finance experts know how to provide the funding your business needs, even if you have issues with the IRS. We offer loans custom tailored to meet your unique needs after a tax lien has been filed against your company. Best of all, no lien subordination is required. These loans are designed to help you increase your company’s cash flow, so you can focus on generating revenue.
Have a plan or a project that requires financing? Need a business loan just to pay taxes? We can fund business loans within 48 hours of a request, regardless of your current standing with the IRS.
Call us today and let us help you acquire the financing your business needs!