Cash Profit
“My business checking account was frozen due to a bank error, will the IRS waive my late payment penalties if I can prove I had the cash available?”
An IRS penalty waiver in this kind of situation often depends on the reason the payment was delayed, the documentation showing the bank account freeze was caused by a bank error, and whether the business had a reasonable way to access funds or make payment another way. The IRS may also look at the timing of the freeze, the notice trail from the bank, and whether the account issue directly prevented payment. In many cases, the strength of the supporting records and the overall facts around cash availability shape how the request is evaluated. A short conversation with a CPA can sort out what applies to your specific numbers.
In your 90-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“How do I know how much of my money is actually mine vs the IRS's?”
“I am bundling physical equipment sales with installation services to lower my overall sales tax burden, is this a legally compliant tax strategy?”
“My cash flow is incredibly tight this month, can I legally delay depositing my employees' withheld payroll taxes to the IRS to keep the lights on?”
“We experienced a massive drop in revenue this quarter, are there any immediate federal tax credits available to help me keep my employees on payroll?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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