Get money to pay IRS business taxes

Does your business need money to pay business taxes?     Funding programs are available that cover federal IRS taxes, state taxes and local taxes.     The money can also be used to pay quarterly tax payments , OIC offer in compromise settlements, and income tax settlements.

Contact us below or follow the “Howto” section, steps and tips on how to get funds to pay business back taxes here:

Identify business funding programs that offer money to pay IRS Taxes, including business back taxes, tax liens and OIC, offer

in compromise, and tax settlements.

If your business has the cash flow, select programs are available to satisfy the need to pay your specific tax debt.  Tax debt and liens of all amounts are usually considered by these specialty programs.  Some may require additional collateral such as real estate, listed stock, or other collateral that covers the amount of the tax debt.   Open tax liens over $10,000 are more difficult to get funding for without collateral.

After evaluating, choose the program that is most likely to provide the funding needed for your business to pay and satisfy the required tax debt.

Choose the program to pay business tax debt
Choose the program to pay business tax debt

Contact the lender.  Check features, benefits and program requirements.  Ask about restrictions, including what is needed for approval and closing.

Check features, benefits and program requirements
Check features, benefits and program requirements

When you determine your business meets the requirements, apply for funding.

When you determine your business meets the requirements for a loan to pay business taxes, apply for funding.
When you determine your business meets the requirements for a loan to pay business taxes, apply for funding.

For any offers made, review the full terms and determine if your business can make the payments.   If so, provide the items needed by the funder to close the transaction.

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F.A.Q. Frequently asked questions on how to get money to pay irs business taxes and business back taxes:

Do I have to be in a payment plan to pay back business taxes?

If you cannot pay the amount of the back business taxes plus interest plus penalties then you will need to get a payment agreement with the IRS or state for state taxes.

Do I have to provide information on the IRS payment plan to the lender?

If you or your business has an IRS or state payment plan it is better to provide the payment plan documentation.   Doing so may help you secure the funding you need. Provide information on an OIC offer in compromise if you have that.

What if I have an open tax lien?

Programs are available to allow your business to payoff or settle an open tax lien if approved. Approval depends on the amount of the open tax lien as well as the cash flow of the business and the owner’s credit score. Other factors include the average daily balance of the business as well as the time in business and assets of the business and owner. .
If the cash flow and revenues of your business show that you can handle the payment amount needed for funding to payoff the open tax lien, then your business has an excellent chance of being approved.

How long does it take to get funding?

Processing time from application to funding on approvals is usually 2-3 business days. Time to funding may depend on how many tax liens you have and if there are state and federal tax liens.

What if I have an IRS tax lien on my credit already?  Can I get funding to pay the IRS if there is a lien listed on my credit bureau?

Having a lien on your credit is usually not the deciding factor. You still often have an excellent opportunity to get money for your business.  The cash flow of the business and being able to show documentation on the lien is more important. The information from the IRS or state on the lien will provide all the details needed on the lien.  There are programs that will payoff irs or state back taxes directly with a lien on your credit report. The lien can be on any bureau report including Equifax as well as TransUnion and Experian.  The owner can use the funds to pay off and satisfy or settle the lien.

Is the tax lien paid off at closing or do I payoff the IRS or state tax lien myself?

This depends on the program.  In most cases you are funded into your business checking account and payoff and satisfy the IRS or state tax lien yourself. A requirement for closing your business loan may be to provide documentation on the lien so funds funds can paid to the IRS or state directly.  This applies to IRS tax liens as well as state tax liens and real estate taxes.

Do I need collateral for a business loan to pay back IRS taxes?

You do not have to have collateral to try to qualify for funding to pay IRS business taxes with many programs.
If you do not qualify for programs that do not require collateral there are programs available that use commercial or residential real estate with equity. Other programs may use equipment owned outright such a construction equipment or tractor trailers