Mistakes People Make When Negotiating with the IRS

What are some common pitfalls when negotiating tax debt relief?

3 Common Mistakes People make Negotiating with the IRS

Few things threaten your mental well-being like the harassment and anxiety of persistent tax problems. Under this stress, it is common not to put your best foot forward in resolving the problem. People make 3 common mistakes when dealing with the IRS.

  1. They procrastinate.
  2. They attempt to represent themselves.
  3. They hire sub-par representation and now are in MORE need of help than ever before.

Waiting to deal with your IRS tax debt only leads to more penalties and fines, makes you look worse when you finally do try to resolve your tax debt, and could lead to bigger problems than just owing money.

If you attempt to represent yourself with the IRS, you could make your situation worse by saying something you shouldn’t have, giving them documents you didn’t have to, or not giving them documents you did and them finding out later.

Hiring sub-par help could also land you in hot water. Not only will you have to pay them, but they might not do anything or maybe even make things w orse. Don’t get tax resolution services from a cartoon character on TV when you could have hired a Tax Attorney.

A tax attorney could help with:

  1. Offer in Compromise cases
  2. Penalty Abatement Petitions
  3. Full Audit Representations
  4. Business Strategy Sessions.
  5. Settle taxes for Pennies on the Dollar owed
  6. Stop IRS wage and bank levies (garnishments)
  7. Have property liens lifted
  8. get affordable installment agreements
  9. Have penalties and interest forgiven

Offer in Compromise: Settle your taxes for Pennies on the Dollar owed Professional law offices can help get you a favorable settlement with an experienced IRS tax attorney. The IRS’ Offer in Compromise program allows taxpayers to settle their tax debt.

What is an IRS offer in compromise?

It settles your tax liability for less than the full amount owed, providing you can prove you don’t have the ability to pay. Depending on how much you can afford, you really can pay “Pennies on the Dollar Owed” in taxes.

If it is done correctly – this option could save you an enormous amount of money, and is the best strategy for most taxpayers. You should take extreme caution. You should hire a professional with knowledge of the IRS’ procedures. If the Offer is not submitted correctly it will be rejected, or you may be required to pay more than is necessary.

An Offer in Compromise may save you a LARGE amount of money.

Do you know that the IRS only has a limited time to collect your back taxes?

Let a Professional Tax Attorney determine when the IRS’ time limit to collect taxes runs out.

What if I failed to file my tax return?

Many people fail to file Individual Income Tax Returns for a variety of reasons. Some reasons are innocent, although the most common is the fact that people can’t afford to pay the taxes.

When this happens it becomes difficult to get back into the system. “I filed for 1998. I couldn’t pay for 2000, so I did not file. Then I was afraid to file for 2001. I haven’t filed since then. What can I do now?”

If you do not file Income Tax Returns you commit a criminal offense. However, filing back returns before being caught is a good way to avoid being criminally prosecuted. That is the first key: filing BEFORE they catch you.

tax debt relief

Tax Debt Relief

Tax Debt Relief

Who needs tax debt relief? How does tax debt happen? How can I get tax debt relief?

Tax debt relief is most often sought by people who have;

  1. somehow failed to file their returns; and/or
  2. are liable for repayment of back taxes.

This may occur due to various reasons. It might be an emergency such as individual or family illness, death in a family, change in economic condition, and lack of budgeting or lavish lifestyle. In these situations failure to pay or underpayment are the two most common things to happen. If this occurs you should fix it as early as possible. That is because interest and penalties continue to accrue and some forms of tax liability may be punishable by imprisonment.

Tax debt relief is the best solution that one can go for if he or she has failed to pay the taxes in time. There are tax debt relief attorneys that offer tax settlement services. They are specialized professionals who work round the clock to help their clients get tax debt relief. With the help of a tax debt relief professional such as a tax attorney, you can potentially reduce your payable amount to a smaller fee, enter into a payment plan, or some other solution based on your specific situation.

Tax debt relief may often call for a legal proceeding. That is why a qualified lawyer who is proficient in tax debt relief is indispensable. The professional attorney can represent you in proceedings and help to get the tax debt relief you are entitled to as a tax paying citizen.

Conditions that lead to inescapable delinquency are always unacceptable but not beyond negotiation which can be done with the help of a professional tax debt relief attorney. A proper tax debt relief program provides quite a few benefits. If this is not your first time seeking tax debt relief, it may be harder to talk to the government into working with you, so an experienced tax debt relief lawyer becomes even more important.

tax debt relief

Battling the IRS

Battling the IRS is never easy nor is it ever fun.

Unfortunately, battling the IRS maybe be inevitable. Fortunately, battling the IRS is possible.

Battling the IRS

There may come a time in your life where it becomes necessary to defend your rights against the IRS. The IRS can come down swiftly and without mercy against taxpayers for issues ranging from simple mistakes to genuine tax evasion. When such a situation occurs, often in the form of an audit and sometimes followed by federal prosecution, it becomes necessary to stand up to the IRS. As many experts will tell you, knowing the right steps to take and doing things the right way can actually make battling the IRS prove to be very effective.
Just as important when battling the IRS is knowing what not say. Your statements are evidence against you and you may inadvertently provide evidence the IRS has no right to obtain.
Every year, honest, tax-paying Americans worry that their income tax return will end up being audited by the IRS. Even though the number of audits has been going down year over year, those concerns are not completely unfounded. Audits can lead to major fees and even criminal prosecution. Needless to say, such a situation can become ugly very quickly.
However, many Americans don’t realize that they can fight the IRS. Not only can they fight, but often times they can emerge with some sort of victory. In fact, recent studies have shown that over 41% of Americans who took their cases to the IRS’s appeals division won at least some degree of relief, while others had their penalties wiped out completely. Not only this, but countless numbers of other Americans have brought cases against the IRS in district courts and also emerged victorious.
This does not mean that you should not be worried about the IRS. You must take action to battle the IRS. However, as long as you did file your taxes in honesty, they are many venues you can look to for help. Just do some research, online or offline, and find a good tax lawyer to represent you. Think twice about talking to the IRS on your own.

Who Do You Want Battling The IRS For You?

You will be surprised at your own chances of defeating the IRS and having your penalties reduced when you let a trained professional take the reigns. Make sure to vet them thoroughly. read reviews. Ask about licensing. Make sure you have the right person battling the IRS in your behalf; not just somebody.
tax relief through offer in compromise

What Is An Offer In Compromise?

What is an Offer in Compromise? 

One option for taxpayers seeking tax relief is the Offer in Compromise, or “OIC”. This is one of the most common solutions for them to settle their tax liabilities. The offer in compromise is an agreement between the taxpayer and the Internal Revenue Service to accept a lump sum payment that is less than the full amount owed in order to settle the tax liabilities.

The offer in compromise is considered the best tax relief option for the taxpayer who wants to settle his or her tax liabilities in as fast and effective way as possible. However, there are important considerations before the IRS will accept the offer in compromise of the taxpayer. This is based on the following factors:

  • The IRS will accept the offer in compromise if there is evidence of doubt as to liability. Instead of battling it out with the taxpayer or the taxpayer’s representative (such as us) as to the rightfulness of the tax liability, the IRS may choose to accept an offer in compromise.
  • The IRS will accept an offer in compromise if the amount that the taxpayer owes is not collectible. If the taxpayer’s assets and liabilities are far less than the total amount of the tax debt the IRS knows it probably cannot collect the entire amount, and may choose to accept an offer in compromise.
  • Some tax debts are dischargeable in bankruptcy. The IRS may choose to accept the offer in compromise rather than try to collect through the bankruptcy Trustee; if it will be able to collect anything at all.
  • If there is a likely change in the taxpayer’s circumstances impending; such as the loss of a job or the onset of large medical bills. Even though the taxpayer is not currently under financial hardship, the coming expenses are so massive it would be unfair for the taxpayer to pay the full amount of taxes due.

The above options mostly require different forms, different supporting documents, and different arguments made to the IRS agent. Filing the wrong forms and documents with the IRS may cause delay or denial of the offer in compromise.

As an option for tax relief, the offer in compromise should be taken into serious consideration. You should also consider hiring a professional to file the forms, documents and talk to the IRS on your behalf.

 

get tax relief

What If I Can’t Pay My Taxes?

What If I Can’t Pay My Taxes?

In our office, we often get calls from people who do not yet have a tax issue yet they are looking for some general tax advice. Very often, this person has a tax obligation they know they can’t pay, and they know that it’s going to create some kind of tax problem, but they are wondering, “What If I Can’t Pay My Taxes?”

First off, don’t panic!

Second, no matter what your situation is, you still need to file your tax return with the IRS and make sure it is accurate. Do not try to hide anything or change figures from the actual ones in order to lower your tax liability.

NOT FILING YOUR TAX RETURN OR FILING A FRAUDULENT RETURN WILL CAUSE MUCH BIGGER ISSUES THAN FILING A TAX RETURN YOU CAN’T AFFORD!

Third, you should make sure all your prior tax returns are filed with the IRS. The IRS will not allow us to help you start the path to tax relief until you file all your back tax returns.

Finally, you will need to figure out some way to meet your tax liabilities with the IRS. You will need to provide them with certain financials, submit certain application forms. You will need to deal directly with the IRS agent. OR

You can hire a professional to get you on the way to tax relief. We can talk directly to the IRS and IRS agents on your behalf, and make sure they no longer contact you directly. To make sure they only request and receive the documents they really need to make their determination. To make sure that you really owe the IRS the money they claim you owe. To make sure that you get into the proper repayment program and to make sure that you get an acceptable deal for your situation.

 

tax relief attorney

What Is A Tax Levy?

Tax Debt Leads To Tax Levy

A tax debt is one of the most difficult debts to remove, sometimes surviving bankruptcy. The IRS has powers well beyond a regular creditor. Among the best examples of their power is a tax levy: the IRS takes hold of your property to fulfill your tax debts.

About the Tax Levy

A tax levy is a collection tool for the IRS. It authorizes the IRS to seize properties as a tax debt payment, including withdrawing cash from your bank accounts, garnishing your income, and/or taking possession of your personal property such as a home, vehicle or business.

How to Release a Tax Levy and Get Tax Relief?

Your first option for removing a tax levy is to pay the tax debt in full. By paying the tax amount in full, the IRS will instantly stop collection actions and the levy will be removed. However, most of the time if people had the money to pay the taxes they would have paid them from the get go. Here are some other tax relief options:

  • Proving Financial Hardship – if you can prove to the IRS that the levy causes economic hardship and greatly impacts your ability to live, the levy will probably be removed, but the underlying tax obligation will remain, and the IRS may use other tactics to collect your tax debt.
  • Proving your properties have no equity – you can try to prove to the IRS that there would be no point for them to levy your assets as they will get nothing from it.
  • Offer in Compromise – you can try to make the IRS an offer of less than the amount owed and convince them why they should take that amount.
  • Payment Plan – you can try to show financial hardship and set up a payment plan with the IRS, but the amount of the payment plan will depend on how good of a job showing financial hardship.

Get Help with Tax Relief from a Tax Attorney

A tax levy can throw your financial lifestyle into shock. If you really want to get rid of the tax levy permanently, you will want help from a trained professional. IRS Procedures are not an easy thing to understand and navigate. Experience is a great asset when dealing with the IRS.

When you decide to hire a tax relief expert to help resolve your tax liability, do your research and hire a TAX ATTORNEY LIKE US rather than a tax relief company. Tax debt is a legal matter and could have consequences beyond owing money. Depending on your unique tax and financial situation, we can find the options available to you and file the necessary applications and supporting documentation with the IRS on your behalf. Once we tell the IRS we represent you they will stop calling you. We deal and negotiate with the IRS directly on your behalf.