Tax Relief Services for IRS Debt
Are you struggling to pay your taxes? Are you feeling overwhelmed and stressed out because of your tax debt? You are not alone. Millions of Americans find themselves in the same situation every year. Fortunately, there is help available.
For any tax difficulties you are having, turn to Damiens Law Firm for assistance. Whether you’re being audited by the IRS, want to avoid having your wages taken away, are looking for an offer in compromise, or have any other similar issues, we can assist you. Our staff genuinely cares about our customers, and we work hard for them. With decades of expertise under our belt, our tax lawyers have the skills to assist you with your situation. We are ready to defend your rights and interests as we work together through each step of the process.
You need a tax resolution firm if the IRS has contacted you regarding an issue with your personal or business taxes. At Damiens Law Firm, PLLC, we help you regain your financial footing while resolving the problems that caused the IRS to pursue you.
When dealing with complex tax issues, having a team devoted to your tax relief services makes all the difference. From handling your audit representation to filing missed tax returns, we are ready to meet all your tax resolution needs.
Will I Go to Jail For Unpaid Taxes to the IRS?
Ask the vast majority of Americans why they are motivated to pay their taxes and they will likely tell you the fear of legal repercussions is their primary reason for giving the IRS their dues in a timely manner. You can face numerous unpleasant consequences if you fail to pay your tax debts, and jail time is possible.
However, the Internal Revenue Service won’t put you behind bars if a genuine financial hardship prevents you from paying your tax liability. Jail time is reserved for individuals who lie on their tax returns, professionals like certified public accountants that intentionally mislead clients, and those who manipulate tax law illegally for financial gain. The average individual’s tax problems are more likely to have consequences such as tax liens, bank levies, or wage garnishment.
Release the Burden of an Unpaid Tax Liability
IRS tax resolution services will help ensure minor situations don’t evolve into complex tax issues. The sooner you begin the tax resolution process, the sooner you can live without the stress of tax debt hanging over your head. Whether dealing with state taxing authorities or the IRS, a skilled tax relief attorney will defend your rights and protect your assets while helping you find tax relief.
Does the IRS Allow for Payment Plans?
While paying your tax liability on time is always the preferred option, sometimes your financial situation makes that impossible. If your wallet isn’t well-padded enough to make a large payment, you will want to contact the IRS and apply for a payment plan.
Payment plans are not unusual, but you will still benefit from having a tax resolution firm handle the tax settlement on your behalf. Taxpayers will typically have a plan that falls into one of these categories:
If you have the funds to pay your balance in full and wish to do so, this is the simplest option. Paying off your tax debt prevents you from experiencing future consequences and accruing interest.
Your unpaid taxes can be paid electronically, over the phone, by mail, or by money order. Individuals and businesses are both able to use this payment option.
When you are on a short-term plan, you are responsible for paying your balance within 180 days. Your balance will be paid incrementally via checks, money orders, debit and credit cards, and direct withdrawals from your bank account. Payments made by card will have processing fees.
Only individual taxpayers can apply for this payment option online. In addition, you will have to pay interest and penalties until your balance is completely paid off.
A long-term payment plan is also called an installment agreement. With this option, you will pay the owed amount in predetermined increments over a set period.
You can apply for this plan online or over the phone. Once you have been approved for an installment agreement, you will make monthly payments and be responsible for accrued interest and penalties.
Can the IRS Refuse My Installment Agreement?
While the IRS is usually willing to accommodate taxpayers, there are some circumstances where they deny installment agreements. Some reasons your agreement might be denied include the following:
You Failed to Provide the Needed Documentation
Before the IRS approves your installment agreement, they must have a detailed description of your current financial situation. Documentation such as bank account statements, proof of asset ownership, and proof of income will all need to be submitted.
The paperwork required to prove your financial circumstances can be tedious to compile, especially for self-employed individuals. Working with a tax resolution attorney prevents you from having your request denied because you inadvertently overlooked an essential document.
The IRS Deems Some of Your Living Expenses Unnecessary
If the IRS thinks you can pay your debt in full, they will not want to accept a payment plan. Individuals with expensive assets, such as luxury automobiles, vacation homes, and recreational vehicles, may come under intense scrutiny from the IRS.
They will be hesitant to believe you cannot pay your debt outright when you live a lavish lifestyle. Incorrect or incomplete information on your submitted documentation will also cause the IRS to look closely at you, as they may suspect you of failing to disclose assets to receive a more lenient installment agreement.
You Defaulted on a Previous Payment Plan
The IRS doesn’t give out second chances easily. You must have kept up with your previous payment schedule or partial payment installment agreement to be easily approved for another one.
You will want to work with a tax relief lawyer to propose an alternative payment option for IRS tax relief if you have a history of defaulting. Sometimes offering a larger down payment will persuade the IRS to approve your plan, and hiring a tax relief lawyer will give you the best chance of having your plan accepted.
How Can I Tell if a Tax Resolution Attorney’s Tax Relief Services are Trustworthy?
When looking for a tax resolution attorney to hire, you want to know that the firm you choose will help fix your tax problems, not make them worse. While plenty of tax relief attorneys will offer you a free consultation, you don’t want to trust your financial future to just anyone. The American Bar Association is the largest national association of lawyers and an excellent resource for vetting your potential tax relief lawyer and ensuring they are in good standing to practice law.
You can also go to the Better Business Bureau to check tax resolution services reviews and make sure previous clients haven’t had a poor experience. Don’t settle for subpar firms that offer a free consultation but leave you hanging when you need them most. While not all of the reviews on the business bureau’s website are worth putting your faith in, if you see numerous complaints about a firm’s tax relief services, you’ll know you don’t want their tax help.
Does the IRS Ever Forgive Tax Debt?
Having your tax problem forgiven and dismissed sounds like a dream come true when struggling with the strain of tax debt. Unfortunately, the dream of having your penalties and back taxes disappear is unlikely to occur. When the IRS is owed money, it will do everything in its power to collect it, which means the average individual will need legal help if they don’t want to end up paying the whole amount the IRS says they owe.
However, you can take steps to minimize IRS tax penalties and debts. Tax settlement companies can help you find every available option to decrease debt and achieve a favorable tax settlement. Some programs that may provide you with IRS tax relief include:
An offer in compromise is the closest option to debt forgiveness offered by the IRS. This settlement agreement allows you to pay less than you owe, provided you meet the stringent qualification requirements. Your tax attorneys will advise you on whether this option is worth pursuing since the odds of being granted an offer in compromise are slim.
Also, your tax attorney may caution you against this agreement, as some negative consequences can come from applying. For example, you must provide the IRS with detailed copies of your financial records to request an offer in compromise. As a result, they may deny your tax relief request and state you should have to pay your debt outright depending on your income and assets.
Individuals who truly cannot afford to repay their debt can request to be classified as currently not collectible, which could allow them to avoid paying their tax debt for a time. However, this status is not permanent, and the IRS will revisit your case periodically to evaluate your collectible status and whether your financial situation has improved enough to repay your debt.
To qualify for this status, you must prove that repaying any amount of your liability would place you under financial hardship. You’ll want to consult with an experienced tax relief lawyer to see if requesting this type of collectible status offers a temporary solution.
If you are married and either you or your spouse are solely responsible for your current tax controversy, innocent spouse relief could be an option. Sometimes one partner is in the dark regarding their partner’s tax problem and may only know there is an issue once a revenue officer contacts them or the IRS rejects their tax return if filing jointly.
This program does not offer forgiveness of debts, but it does allow the innocent party to avoid being liable for their partner’s wrongdoings. IRS tax professionals will need evidence proving one spouse didn’t participate in or know about the tax issues. Proving this can be difficult, and you’ll need to contact a tax relief attorney to offer the innocent partner the best chance of receiving relief.
Finding out you owe penalties and fees in addition to your tax liabilities is always discouraging, but when you work with skilled tax resolution attorneys, they can help keep your bank accounts from taking a hit. Unfortunately, tax penalties can be expensive, and the IRS tax professional assigned to your case isn’t going to be pouring over the tax code looking for ways to save you money, which is why you’ll want someone looking out for your interests.
Drafting and negotiating penalty abatements isn’t something many taxpayers are capable of doing themselves, so you’ll want to start looking for tax relief services as soon as you know you’re facing penalties. There are two primary types of abatements, first-time penalty abatement and abatements for a reasonable cause.
What Does Tax Resolution Look Like?
Seeking tax resolution services can offer significant monetary savings and prevent you from dealing with consequences such as a tax lien or bank levies. While you may be tempted to deal with the IRS directly, tax matters are best left to a firm with attorneys who specialize in tax relief.
When you work with Damiens Law Firm, PLLC, you’ll know tax professionals with years of experience are handling your tax issues. Our firm explores every possible option when seeking tax resolution for our clients.
A Consultation With a Tax Relief Attorney
Before making a plan to tackle your tax issues, we must understand all aspects of your current situation. Our resolution services aim to solve your tax matters permanently, and we can only do that if we are aware of your background with the IRS.
Whether you owe back taxes, have experienced a tax audit, have an unfiled tax return, or previously defaulted on installment agreements, we need to know everything. Don’t let embarrassment keep you from sharing; tax relief companies understand that tax problems happen to everyone.
Building a Defense with a Tax Resolution Attorney
Your attorney will go through your documents to begin crafting a strategy for your IRS tax relief. Their goal is to find a solution that works for you and the IRS. Depending on your situation, that may involve proposing a payment schedule or proving that wage garnishment places you under financial hardship.
Anything involving the IRS will undoubtedly come with plenty of paperwork. The documentation required to begin the appeals process, compromise process, halt wage garnishments, or facilitate a lien release is complex. A tax relief attorney knows how to prepare documentation correctly, so the IRS is more likely to accept your proposal.
Our Tax Relief Lawyer Will Contact the IRS on Your Behalf
Next, your tax attorney will inform the IRS that you are represented. They will also place collection holds to stop the IRS from being able to seize assets while your tax situation is evaluated. Your tax professional will handle correspondence with the internal revenue service.
There may still be times when tax laws require the IRS to speak with you directly, but your tax attorney will be the one who communicates with them the most. Having your lawyer deal with the IRS will prevent you from accidentally saying something to hurt your chances of a favorable resolution.
Securing the Best Possible Outcome with Tax Resolution Services
Your tax services are only complete once our team has secured you the most advantageous outcome the law allows. We will then review that settlement with you to be sure you understand and accept it.
Tax law is strict and the IRS will do everything to keep you from finding an inexpensive tax resolution for your problems. Using our IRS tax resolution services is the best way to ensure that your rights are being protected and someone is looking out for your assets.
Receive the IRS Tax Relief You Need
Whether you owe back taxes, need audit representation, or are struggling to navigate tricky aspects of your business, such as calculating payroll taxes, a tax relief attorney can help. Tax problems can have long-lasting consequences, so make sure you have proper representation when facing the IRS.
Talk to a tax professional you can trust. Contact Damiens Law Firm, PLLC at 601-957-9672 and begin your tax resolution today.