David Selig explains “How Contractor’s Win” Tax Debts and Guideline F, Financial Considerations.

Tax Representation for Contractors in NYC

The Government’s position is: Failure or inability to live within one's means, satisfy debts, and meet financial obligations may indicate poor self-control, lack of judgment, or unwillingness to abide by rules and regulations, all of which can raise questions about an individual’s reliability, trustworthiness and ability to protect classified information. An individual who is financially overextended is at risk of having to engage in illegal acts to generate funds. In a Nutshell, unpaid payroll taxes are a deal-killer. 

Accordingly, the guidelines found in AG & 19 contain nine disqualifying conditions that could raise security concerns. Typically (but not always) unpaid tax debts fall into the following two categories:

1.)  Inability or unwillingness to satisfy debts; and

2.)  A history of not meeting financial obligations.

Thankfully, both issues can be overcome by asuccessful attorney and tax practitioner. For more information, call DavidSelig directly at (212) 974-3435

David Selig is a successful Advocate and Federal Tax Practitioner at Selig & Associates, a Tax Representation Firm in New York City.