Finding a tax professional who understands the law in detail and has the experience to fight the IRS can save you time, money, and frustration. Contact us in order to discuss all of the solutions available to you for YOUR particular case.
Offers in Compromise
You may be able to settle your tax debt for less than the full amount owed. The IRS has recently loosened the criteria to qualify for an Offer in Compromise, potentially making it easier to qualify for tax relief.
An OIC can be used if:
- there is any doubt as to liability
- there is any doubt as to collectibility
- or if payment in full would cause undue financial hardship
It’s important that you contact an experienced professional to negotiate an offer to the IRS.
Learn more about Offers in Compromise
Innocent Spouse Relief
If you and your spouse have filed a joint tax return you are both liable for 100% of all taxes associated with the filing. In other words, if your spouse does not pay the taxes owed the IRS may look to you for the entire amount.
Innocent Spouse Relief recognizes that there are cases in which an unknowing spouse needs protection.
The IRS has recently loosened the criteria to qualify for this relief, so contact an experienced tax professional who can help you negotiate some relief.
Learn more about Innocent Spouse Relief
If you’re financially unable to pay your tax debt in full the IRS may arrange monthly payments. This arrangement does not reduce the amount you owe, but may prevent additional penalties from accruing. There are several conditions that must be met before you qualify and you should consult a tax professional to determine whether this is your best option relative to tax relief options.
Learn more about Installment Agreements
Statute of Limitations
Fortunately for taxpayers, the IRS has a limited time to collect tax debt. There are laws in place that outline (a) the time in which the IRS can perform an audit and (b) a finite number of years in which the debt can be pursued.
Our tax professionals will help you determine when the statute of limitations begins and calculate the remaining number of years that remain in order for you to better plan your finances and be sure the IRS is treating your case correctly.
Learn more about Statute of Limitations
Appeals (Collection, Administrative)
Sometimes the best course of action is an appeal. The IRS has a formal appeal process to the US Tax Court. As an alternative, you can go through the Collection Appeals Program process if you have received a Notice of Federal Tax Lien, Levy, Seizure or Denial or Termination of Installment Agreement. For either form of appeal, you’ll want a qualified tax professional with an in-depth knowledge of your case and tax law to give you the greatest chance of success.
Learn more about Appeals
Many tax debts can be completely discharged through bankruptcy protection.
If you are overwhelmed with debt and looking for relief from piles of bills, Chapter 7 bankruptcy may be the answer for you. Last year, more than one million people in the U.S. took advantage of this powerful option.
Or if you are currently overburdened by debt but want to keep assets like your house and car, Chapter 13 may be your best bet. While you still must pay the full amount of these secured debts, some other debts may be reduced. Bankruptcy affords you the opportunity to restructure your debts and pay them off over time.
Fortunately, Gaurav Datta and the Datta Law Group are experienced tax bankruptcy attorneys and can help you decide if bankruptcy is your best option.
Learn more about Tax Bankruptcy.
Contact a Long Beach Tax Resolution Attorney Today
The IRS will make sure your tax problems won’t get better until you take action, so why not schedule a free consultation right now? Just click on the button below or call us at (562) 257-6576.