Instead, your tax lawyer may be able to help you obtain a compromise offer. In such a case, your lawyer would offer you an amount that you could afford and the IRS would agree to settle your debt for that amount instead of the full cost. While you can apply to the IRS for a payment plan yourself, it may be beneficial to hire a tax lawyer. An attorney can negotiate with the federal agency on your behalf to try to get a lower payment.
Because you're an expert in tax law, your lawyer can explore several options to reduce your payments. It can also help you determine what information documents you will need to submit to the federal agency. The IRS allows payment plans when you owe taxes you can't pay right away. These payment plans can help those who can afford monthly payments but don't have the money to pay the full amount up front.
Your lawyer can help you set up payments so you can be up to date with the IRS or state and avoid unnecessary penalties. If you qualify for a compromise offer, your IRS tax lawyer can help you settle your tax bill for less than the full amount you owe. The IRS will examine your income, your ability to pay, and your back assets and taxes to see if you qualify to settle your bill. Once you pay the agreed settlement, you will be forgiven the rest of the amount of taxes due.
However, you may need to meet additional requirements, such as filing future tax returns and keeping up with future tax obligations. A good tax lawyer with tax experience can assess your tax and financial situation to determine your ability to meet the requirements and offer you alternative resolution options if you don't meet the requirements. In some situations, your lawyer may fight to have the penalties removed or reduced on your tax bill. Penalties for paying or filing taxes late can be high, and sometimes the penalties on the tax bill can be greater than the bill itself.
After you file your late returns, if you owe taxes, your lawyer can also help you set up a payment plan with the IRS or help you take advantage of one of the other programs that meet your needs. In most cases, you'll have to file late tax returns before you can qualify for a payment plan, commitment offer, or other resolution option. The reason why many people don't pay their taxes isn't that they don't want to, but because they don't know how to negotiate with the IRS to set up a payment plan that fits their financial situation. They're often intimidated by the amount of their tax bill and don't see a way out.
Therefore, they simply ignore the situation. After that happens, the problem gets worse every year they don't file a return. For example, if you only owe a few thousand dollars from a personal income tax return, you may not need a tax lawyer. You may be able to set up an online payment plan on your own.
On the other hand, if you need help, a tax lawyer can certainly handle the process for you. A lot of people wonder if tax lawyers are really worth it. Again, while you don't need an attorney for every problem, they can save your life. They can help reduce penalties, negotiate payment plans, protect your assets, and more.
The most important factor to consider is your professional experience with your specific tax problem. For example, if you need to go to a tax court, you need an attorney with experience representing clients in tax court. If you want a paid plan, you need a professional with that experience. Before considering negotiating an installment plan, you should keep in mind that there are other options that can reduce your tax debt.
If you can't pay your tax debt, you may qualify for a compromise offer. You can also consider filing a tax bankruptcy, obtaining compensation for an innocent spouse, or challenging the amounts you owe the IRS. If you're dodging phone calls and avoiding the mailbox, now's the time to talk to an IRS lawyer from W Tax Group about how to resolve your tax situation. If you owe back taxes to the Internal Revenue Service or have another tax situation that needs to be resolved, contact an attorney who can help you leave this stress behind.
This is the kind of experience you need, whether it's a tax debt, tax fraud, or another problem. A tax lawyer with significant experience negotiating compromise offers can help you avoid these problems. While the IRS offers an online tool to help determine your eligibility, a tax relief lawyer can better evaluate your claim and provide you with personalized advice and solutions. Fortunately, you can get help to put this behind you by contacting a W Tax Group tax lawyer today.
When applying for a payment plan from the IRS, a tax lawyer can help you determine which installment plan is right for you. It's generally helpful to talk to a tax lawyer who can advise you on the best course of action. When you have a tax debt with the IRS, they have several ways to collect it from you, such as garnishing your bank account or your salary, garnishing your state tax refund, or foreclosing your house and selling it at auction. If even paying a small amount to the IRS is a financial burden, you can work with a tax lawyer to request a compromise offer.
When hiring a specialized tax lawyer, you should make sure that you hire someone who can help you with tax disputes and tax debt at both the state and federal levels. Similarly, if you're contesting the amount of your tax bill or if you're facing criminal or civil penalties for fraud or tax evasion, an experienced tax lawyer can be critical. While a compromise offer can reduce your tax burden and gives you a temporary suspension against property seizure and wage garnishment, it does not prevent the IRS from imposing tax levies on your home or other property. If you haven't been able to file a tax return during a previous tax year, an IRS help lawyer will take care of it.