IRS Dispute Resolution
Taxes can be confusing, and they become even more complex if you owe back taxes. If you do not take care of these issues right away, fines and penalties can start to add up. The IRS may even take aggressive action against you or your company.
If you or your business owes the IRS or the state, we can help you understand your rights as well as the best way to alleviate your situation.
Offer in Compromise
An offer in compromise allows a person with tax debt to offer the government an amount less than what he or she owes. However, there are qualifying conditions:
- Doubt as to Liability: the tax amount is incorrect
- Doubt as to Collectability: the taxpayer likely cannot pay under any circumstances the full amount of taxes and penalties owed
- Effective Tax Administration: the tax is correct and the taxpayer is considered able to pay the full amount of owed tax, but some sort of special or extreme circumstance exists that would cause undue economic hardship or inequitability.
We will sit down with you to determine the ways you qualify for OIC as well as help you get started applying for it.
Installment Agreements
If you are unable to pay the full amount of taxes upfront, you have the option of creating an installment agreement. The installment agreement functions how it sounds: you pay owed taxes in monthly payments rather than as a lump sum.
When you have an agreement in place, the government cannot take any collection action against a taxpayer. It helps protect you as a taxpayer against things like seizure of property, bank levies, and wage garnishment.
Attempting to create an installment agreement without representation can become tricky. Reach out to our tax lawyer today to help you get started on the right installment plan!
Audits
During an audit, the IRS sifts through a taxpayer or business's accounts and finances to determine if they have reported the correct information for tax purposes. These audits can be incredibly burdensome. Not only do they take a lot of time, but they can also feel like an invasion of privacy for many taxpayers.
However, being audited is not the end of the world. Our experienced tax lawyers work hard to resolve audits in as smooth and timely manner as possible.
Innocent Spouse Relief
Innocent spouse relief relieves you of additional tax that you owe because your spouse or former spouse incorrectly reported income or claimed deductions. If you qualify for innocent spouse relief, you can expect a number of benefits including relief from tax debt as well as avoidance of collection action.
There are only a few scenarios that qualify spouses for this relief. If you think you qualify for innocent spouse relief, reach out to us today.
Dischargeability in Bankruptcy
Sometimes debts become too difficult to manage, and you don't know how you will pay them back. The silver lining is that certain debts such as credit card or medical debt are considered dischargeable.
A discharge in bankruptcy is a permanent court order that wipes out debt obligations so that creditors can no longer pursue payment on that debt. You are no longer legally held responsible for those debts.
Going to court for debt can be a stressful experience. Our lawyers can help alleviate this stress by explaining how the process works and aiding you in applying for discharge in bankruptcy.