Getting A Tax Debt Settlement With A Qualified Tax Attorney
It can be difficult to deal with tax debt. You may feel as though you are out of options. That is why you should consider calling a qualified tax attorney. An experienced lawyer can help you settle your tax debt so that you will be able to move on with your life. Even if you already have a bank levy or tax lien, we can help you. Additionally, our attorney can help you if you are getting your wages garnished.
When Do I Need To Hire An Attorney?
Many people in Bradenton, Florida are unsure about whether they should hire an attorney. They may have received a letter in the mail from the Internal Revenue Service threatening action. They do not whether they should call an attorney or attempt to deal with their debt issues on their own. Below is a list of reasons that you should strongly consider before hiring a tax attorney:
* Your Tax Debt Is Greater Than $10,000- Once your tax debt exceeds $10,000, the IRS will start to take aggressive action against you. They may place a levy on your bank account, seize your property or garnish your wages. If you want to stop these aggressive collections and settle your tax debt, then your best bet will be to hire an attorney.
* The IRS Has Already Started To Take Action Against You- The Internal Revenue Service is known as the world’s most aggressive collection agency. If they have already started to take against you, then you definitely do not want to wait. An attorney can help stop those aggressive collection efforts as quickly as possible.
* You Are Not Able To Pay Your Tax Debt- The IRS has something that is known as “Currently Not Collectible.” You can avoid paying your tax debt for up to two years if you are approved for this. An attorney can help you apply for this program and determine whether you meet the requirements for the program.
* You Are Interested In Negotiating A Settlement With The IRS- The Internal Revenue Service has two settlement programs available. One of those programs is the IRS Installment Agreement. This program allows you to pay off your tax debt by making monthly payments.
The other option that you have is an Offer in Compromise. This will allow you to pay less than what you owe on your tax debt. Our attorney will be able to tell you about the program that you qualify for. Your attorney will do everything to make sure that you get the best settlement possible.
Additionally, the Internal Revenue Service offers a Penalty Abatement Program. If you can prove that you had a reasonable cause for either paying your taxes late or not paying them at all, then you may qualify. You may be able to qualify if you were sick, lost your job, or you had another emergency. The penalties that the Internal Revenue Service issues for late payments or non-payment are eliminated under this program.
Many people who are struggling with tax problems want to file for bankruptcy. You may be able to get your tax debt discharged if you file for bankruptcy. Your attorney can help you decide whether this is the best choice.
Experience You Can Trust
Because tax debt is a very serious matter, you will need an attorney who is experienced in dealing with tax issues. Our firm has had a lot of experience in helping people overcome tax problems. We are knowledgeable in both state and federal tax laws and how they affect people.
If you are dealing with tax problems, then it is best to contact an attorney sooner rather than later. Our attorney can start working on your tax problems quickly. Our firm will work hard to make sure that your tax problems are resolved.
There are many forms that you will have to fill out if you are interested in one of the IRS tax settlement programs. These forms will have to be filled out correctly in order for you to qualify for one of these programs. We can assist you in filling out the forms correctly.