TAX HELP
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It is not easy to deal with IRS issues, but tax solutions do exist to lessen the amount that you owe the IRS or to eliminate the debt altogether. A phone call or inquiry to a tax attorney is the first step you should take in finding a tax solution for a problem with the IRS. A tax attorney, or tax lawyer, works with a team of specialists who are knowledgeable about tax laws and have the means to represent you in negations with the IRS.
Depending on the amount you owe in taxes, your current financial situation, and your ability to pay the tax liability, there are many solutions available for you to consider in resolving your tax debt. A tax professional can help evaluate your financial situation and guide you in the right direction.
If you are facing late filing of returns or you haven’t filed in years, a tax attorney can assist you with filing the returns correctly. Once the tax debt is assessed, a tax specialist will help you determine if the assessment is correct and the best way to proceed.
Once a tax debt is considered valid, you may have the following common solutions available to you to resolve your tax issue:
1. Offer in Compromise – settling with the IRS for less than the amount owed
2. Penalty Abatement – negotiating with the IRS to lessen or remove assessed penalties
3. Installment Agreement – establishing an IRS accepted payment plan to make monthly payments
4. Innocent Spouse Relief – proving that your spouse or former spouse under reported income or filed a return with errors in deductions/credits without your knowledge
5. Tax Bankruptcy – some income taxes can be discharged under certain circumstances
6. Statute of Limitations Expiration – the length of legal time that the IRS has to collect the debt as expired
7. Currently Not Collectible Status – The IRS places this status on your collection file because of your inability to pay due to financial hardship.
The main thing to remember when determining which solution best meets your needs, is to consult with a tax professional. You are much more likely to end up paying more when you attempt to negotiate with the IRS on your own. A tax attorney will represent your needs and keep your financial interests key in the resolution. The right tax solution will be different for every taxpayer. Working with a team of tax professionals that know that means that you will get the individual attention you need to find the tax solution that works for your situation.
Call today at 1-888-570-1033 for a FREE consultation or use the contact form => Contact Form