Resolving Tax Issues Related to Government Contracting
Rockville, MD Tax Attorneys Advising Companies Seeking to do Business with the Government
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The inner and outer loop of the beltway for Maryland, Virginia, and Washington, D.C., are home to thousands of companies that provide or seek to provide goods and services to the federal and state governments. As government contracts are much sought after, the process of procuring them is stringent. Government contractors are held to higher fiscal standards than is typically required from other companies.
Therefore, do not let a past tax problem limit the future of your business. Before you enter the bidding process to become a government contractor, consult with a knowledgeable tax attorney to ensure that your tax reporting is in order and your company qualifies for the contract.
Contact the experienced tax attorneys at Kundra & Associates.
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Pre-Existing Tax Liabilities May Hinder Your Business
If your company is carrying a tax liability of any kind, you could be far less likely to be awarded a government contract. There continues to be proposed legislative changes to prohibit the awarding of such government contracts. The government is becoming more savvy to contractors who owe back tax obligations whether they be corporate tax liabilities or employment tax liabilities.
Recent studies have focused on the following types of contractors: custodial services, human resources, emergency supplies, payroll and temporary employment, research services, vehicle services, health care related services, temporary help for civilian agencies and security. The agencies contracted include U.S. Department of Defense, U.S. Department of Health and Human Services, General Services Administration, National Aeronautics and Space Administration, Department of Homeland Security, U.S. Department of Justice, Environmental Protection Agency, Internal Revenue Service and Veteran's Affairs. The types of products/services related to a variety of functions including law enforcement, disaster relief, national security. Most all of these contractors owed back payroll taxes. The plan: If you are owed money from the government and you have unpaid tax liabilities, without payment terms in place, the IRS will get paid before you will.
Many of the prospective government contractors who seek tax advice and tax representation at Kundra & Associates have unresolved tax-related disputes with the IRS or a state taxing authority. Facing high interest and heavy penalties, they are looking for options that will allow them to make good on their tax debt while still maintaining a viable business and competing for new business from the government.
The tax defense lawyers at Kundra & Associates work closely with all types of businesses to develop effective strategies that protect business operations while also resolving past tax problems. In many cases this involves skillful negotiation to reduce tax penalties and interest and prevent IRS seizure of corporate assets.
Contact an Experienced Tax Attorney
Get the focused and strong legal help you need to tackle corporate tax problems effectively. Contact Kundra & Associates in Rockville, Maryland, to schedule a consultation.
