PFGTAX complaints.
PFGTAX aka: Phoenix Financial Group is the website for Phoenix Financial Group. PFGTAX is located at 520 Zang St in Broomfield, Colorado 80021. Their phone number is (888) 572-2179.
PFGTAX complaints with the IRS collection system are numerous. PFGTAX complaints that the hold times for the IRS' automated service are entirely too long. It should not take hours to get someone to assist you in resolving your back tax debt.
PFGTAX complaints that the penalties and interest on past due taxes are to high. Penalties are used by the IRS as a deterrent. However, most people in my opinion do not pay their taxes on time due to a financial hardship. The IRS is then punishing someone with enormous penalties that is already in financial distress. Penalties are particularly high for 941 tax debt. Three different types of penalties can accrue for this type of tax debt, Late filing, Federal Tax Deposit and Failure to Pay. The IRS can then charge interest on all of it.
A Late Filing penalty is charged for filing a tax return late. As a taxpayer it is always better to file a return even if you can't pay it on time. This will eliminate this penalty. The penalty accrues a 5% per month that a return is late maxing out at 25%.
Federal Tax Deposit penalties are charged when a Federal Tax Deposit is not made on time. In regards to a 941 tax, Federal Tax Deposits are for withholding, social security and medicare. They can be made at EFTPS.com. These penalties start at 2% but increase quickly to 10% after several days. Once the IRS sends a notice about the delinquency and it is not paid then the penalty goes up to 15%.
Failure to Pay penalties are charged for not paying tax that is due. It accuses at 1/2% per month. These penalties add up considerably over time.
PFGTAX complaints that IRS enforcement action can be overly intrusive. Fortunately our Enrolled Agents and Tax Attorneys know how to protect client's assets.
