Back Taxes Owed | Houston, Tx Tax & Accounting Firm

Back Taxes Owed

Back taxes owed can be a major problem, both for individuals and businesses. Not only can the IRS impose significant penalties, but they can also put a lien on your property or even garnish your wages. If you’re facing IRS back taxes, it’s important to seek professional help. That’s where Molen & Associates comes in. We’re a Houston-based tax firm that specializes in dealing with back taxes. In this blog post, we’ll explain how we can help you resolve your IRS back tax problems.

Molen & Associates has over 40 years of experience dealing with IRS back taxes. We have a team of experienced tax professionals who are knowledgeable about the tax laws and know how to deal with the IRS. We understand that dealing with the IRS can be a daunting task, and we’re here to help you through the process.

When you come to us for help with your IRS back taxes, the first thing we’ll do is review your case and determine what options are available to you. We’ll then work with you to develop a plan that will minimize your penalties and interest and help you get caught up on your taxes. We’ll also work with you to negotiate payment terms with the IRS if necessary.

We understand that dealing with back taxes can be a stressful and difficult experience. That’s why we offer a free initial consultation so that we can learn more about your individual situation and explain how we can help. To schedule a free consultation, please call us at 281-440-6279 or fill out our online form.

If you’re facing IRS back taxes, it’s important to seek professional help from a tax firm like Molen & Associates. We have over 40 years of experience dealing with back taxes and can help you develop a plan to minimize your penalties and interest and get caught up on your taxes. Call us today at 281-440-6279 to schedule a free consultation.

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We aren't your average tax firm. We specialize in helping you maximize your tax situation and live more comfortably.

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We guarantee you will learn something new. If you are looking for an average experience, we probably aren't the firm for you.

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We started business 40 years ago out of the Molen's home and to this day, we still treat our clients like family.

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Needs Analysis

Free One Hour Discovery meeting for business owners looking for an advisor to help them with their taxes or accounting.

S-Corp & Partnership Filing Deadline

TX - June 15th, 2021

Non-TX - May 17th, 2021

Individual, Estate, Trust, & C-Corp Filing Deadlines

TX - June 15th, 2021

Non-TX - May 17th, 2021

Extension Deadline: Partnership & S-Corp

September 15th, 2021

Extension Deadline: Estate & Trust

September 30th, 2021

Extension Deadline: Individual & C-Corp

October 15th, 2021

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Latest News

Compensation and K-1 Reporting for Partnership Owners

As a business owner of a partnership, understanding how your compensation and earnings are reported and taxed is crucial for managing your finances and staying compliant with IRS regulations. Unlike S-Corporations (S-Corps), partnerships cannot pay their owners a W-2...

W-2 Salary vs. Distributions vs. K-1 for S-Corp Owners

W-2 Salary vs. Distributions vs. K-1 for S-Corp Owners As an S-Corporation (S-Corp) owner, understanding the distinctions between W-2 wages, distributions, and K-1 profits is essential for managing your tax obligations and business finances. In this article, we will...

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Dates to Remember

Needs Analysis

Free One Hour Consultation for any new business owner looking for an advisor to help them with their taxes or financials.

S-Corp & Partnership Filing Deadline

TX - June 15th, 2021

Non-TX - March 15th, 2021

Individual, Estate, Trust, & C-Corp Filing Deadlines

TX - June 15th, 2021

Non-TX - April 15th, 2021

Extension Deadline: Partnership & S-Corp

September 15th, 2020

Extension Deadline: Estate & Trust

September 30th, 2020

Extension Deadline: Individual & C-Corp

October 15th, 2020

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The Molen & Associates Difference

<img decoding="async" width="64" height="65" data-src="https://b1613896.smushcdn.com/1613896/wp-content/uploads/2019/11/google.png?lossy=1&strip=1&webp=1" alt="" class="et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-1177 lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 64px; --smush-placeholder-aspect-ratio: 64/65;" /><noscript><img decoding="async" width="64" height="65" src="https://b1613896.smushcdn.com/1613896/wp-content/uploads/2019/11/google.png?lossy=1&strip=1&webp=1" alt="" class="et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-1177" />

Mike Forsyth

“Super helpful and timely. This is our first year with them and we look forward to trusting them with our taxes and business books for years to come.”

<img decoding="async" width="64" height="65" data-src="https://b1613896.smushcdn.com/1613896/wp-content/uploads/2019/11/google.png?lossy=1&strip=1&webp=1" alt="" class="et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-1177 lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 64px; --smush-placeholder-aspect-ratio: 64/65;" /><noscript><img decoding="async" width="64" height="65" src="https://b1613896.smushcdn.com/1613896/wp-content/uploads/2019/11/google.png?lossy=1&strip=1&webp=1" alt="" class="et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-1177" />

Caitlin Daulong

“Molen & Associates is amazing! They run an incredibly streamlined process, which makes filing taxes a breeze. So impressed with their attention to detail, organization, and swift execution every year. Cannot recommend them enough!”

<img decoding="async" width="64" height="65" data-src="https://b1613896.smushcdn.com/1613896/wp-content/uploads/2019/11/google.png?lossy=1&strip=1&webp=1" alt="" class="et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-1177 lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" style="--smush-placeholder-width: 64px; --smush-placeholder-aspect-ratio: 64/65;" /><noscript><img decoding="async" width="64" height="65" src="https://b1613896.smushcdn.com/1613896/wp-content/uploads/2019/11/google.png?lossy=1&strip=1&webp=1" alt="" class="et-waypoint et_pb_animation_top et_pb_animation_top_tablet et_pb_animation_top_phone wp-image-1177" />

Sy Sahrai

“I’ve been with Mr. Molen’s company for few years and I felt treated like family respect and dignity. They are caring, professional and honest, which hard to find these days. Love working with them.”

Compensation and K-1 Reporting for Partnership Owners

As a business owner of a partnership, understanding how your compensation and earnings are reported and taxed is crucial for managing your finances and staying compliant with IRS regulations. Unlike S-Corporations (S-Corps), partnerships cannot pay their owners a W-2...

W-2 Salary vs. Distributions vs. K-1 for S-Corp Owners

W-2 Salary vs. Distributions vs. K-1 for S-Corp Owners As an S-Corporation (S-Corp) owner, understanding the distinctions between W-2 wages, distributions, and K-1 profits is essential for managing your tax obligations and business finances. In this article, we will...

Non-Compete Law Changes in 2024: What Employers and Workers Need to Know

Non-compete agreements have long been a standard tool for employers seeking to protect sensitive business information and retain talent, but their future is now uncertain. In 2024, sweeping changes to non-compete agreements are expected, driven by the Federal Trade...

FLSA Changes in 2024: What Employers and Employees Need to Know

The Fair Labor Standards Act (FLSA) governs minimum wage, overtime pay, and working hours, ensuring that employees across the U.S. are treated fairly. In 2024, significant changes to the FLSA overtime rules will take effect, directly impacting both employers and...

What Tax Documents Should I Save, and How Long Should I Save Them?

What Tax Documents Should I Save, and How Long Should I Save Them? Maintaining proper tax records is crucial for both individuals and businesses. Not only does it ensure compliance with tax laws, but it also provides a safeguard in case of audits or disputes. This...

Underpayment Penalties and How to Avoid Them

Underpayment Penalties and How to Avoid Them Underpayment penalties can be a significant concern for taxpayers, both individuals and corporations. These penalties are imposed when taxpayers fail to pay enough tax throughout the year, either through withholding or...

Choosing the Right Filing Status for Your Taxes: A Comprehensive Guide

Choosing the Right Filing Status for Your Taxes: A Comprehensive Guide When it comes to filing your taxes, one of the most crucial decisions you'll make is selecting the appropriate filing status. Your filing status affects your filing requirements, standard...

Why Corporations and S-Corporations Cannot Deduct Shareholder Expenses Directly on the Corporate Return

Why Corporations and S-Corporations Cannot Deduct Shareholder Expenses Directly on the Corporate Return When it comes to managing business expenses, corporations and S-corporations face specific rules and limitations, particularly concerning the expenses...

Understanding Storm-Related Tax Implications for Texas Tax Filers: Hurricane Beryl and the May Derecho

As Texans, we know all too well the impact that severe weather can have on our lives and communities. This year, we've faced two significant challenges: Hurricane Beryl and the May derecho that swept through the Houston area. In the wake of these natural...

Roth vs Traditional IRA: A Comprehensive Guide

When planning for retirement, choosing the right Individual Retirement Account (IRA) can significantly impact your financial future. The two most popular types of IRAs are the Roth IRA and the Traditional IRA. Each has its unique benefits and drawbacks, and...

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