Tax Debt Attorney – Nationwide IRS Tax Relief
The IRS tax code can be complex and confusing. For many individuals and businesses, dealing with taxes can be a source of anxiety and stress. Fortunately, options are available for taxpayers struggling to pay their tax bills. One such option is IRS tax debt relief, which can provide much-needed relief to those facing financial difficulties.
Understanding Tax Debt Relief
The Internal Revenue Service (IRS) offers programs and initiatives that can help taxpayers reduce or eliminate their tax debts. These programs can be particularly beneficial for those experiencing financial hardship, including individuals who have lost their jobs or experienced medical emergencies and businesses struggling to make ends meet.
At Goldburd McCone LLP, our attorneys focus on the resolution of tax debt. They understand the IRS debt relief programs, and they know which ones could help you. They are committed and knowledgeable advocates who can help you negotiate with the IRS and other tax authorities to find a solution that places you in the best possible position to move forward with your life.
What Are The Different Types Of Tax Relief?
There are several different types of tax relief programs available to taxpayers. These include:
- Installment agreements: Installment agreements allow taxpayers to pay their tax debts over time rather than in a lump sum. These agreements can benefit those who cannot pay their tax bills in full, as they provide a structured payment plan to make managing the debt more manageable.
- Offer in compromise: An offer in compromise is a program that allows taxpayers to settle their tax debts for less than the total amount owed. This program is generally only available to taxpayers experiencing financial hardship or unable to pay their tax bills in full.
- Currently not collectible status: Currently not collectible status is a program that allows taxpayers to suspend collection efforts by the IRS temporarily. This program is typically only available to those experiencing significant financial hardship, such as those who have lost their jobs or experienced medical emergencies.
- Penalty abatement: Penalty abatement is a program that allows taxpayers to request a reduction or elimination of penalties associated with their tax debts. This program is typically only available to those who can demonstrate reasonable cause for failing to pay their tax bills.
Navigating these options can be an overwhelming process. It is essential to have a skilled tax attorney who can help you understand your options for tax relief.
How A Tax Debt Attorney Can Help
Our tax relief attorneys at Goldburd McCone LLP bring years of direct experience representing clients before the IRS and negotiating with the agency on their behalf. They also possess a full understanding of federal and state tax laws.
Negotiating With The IRS
Once you have hired a professional IRS tax relief lawyer, all communication with the agency will go through your attorney. You will not have to worry about making comments to the IRS employees that may worsen your situation. Your attorney will consider your situation and discuss the options with the IRS while keeping you fully informed.
Our tax debt lawyers are experienced in negotiating on behalf of clients in a variety of tax situations, including when they are being audited, owe large tax debts over multiple filing years or are being accused of tax fraud. Federal tax law is famously complex and difficult for laypersons to understand; our attorneys comprehend both the nuances of tax law and how to build cases to settle our clients’ problems with the IRS.
Filing Back Taxes And Achieving Tax Compliance
The IRS may insist that you file returns for the back taxes you owe or take other steps to reach tax compliance as a part of a tax settlement deal. A tax attorney can guide you through this process and ensure that the forms you file with the agency are correct and accurate. They can also provide feedback that can help you avoid further trouble with the IRS in the future.
Tax Debt Relief Companies Vs. Tax Debt Attorneys
If you have a significant tax debt and the IRS is sending you correspondence, then you may feel pressured to take immediate action. If you’ve seen an ad for a tax debt relief company, it may sound like a viable and more affordable alternative to hiring a tax debt attorney. However, the value that a nationwide tax relief attorney provides goes far beyond what a debt relief enterprise can offer you.
Let’s look at four ways in which a tax debt lawyer can deliver results that a debt relief company cannot:
- Representation: A tax debt attorney can speak on your behalf from the moment you hire them. If a debt relief company employee or a certified public accountant (CPA) is also an enrolled agent, then they may speak on your behalf with the IRS, but they cannot represent you if your case involves legal actions taken in a federal court or the U.S. Bankruptcy Court.
- Full consideration of alternatives: Our tax debt lawyers will assess your full financial picture and seek to craft solutions that are most beneficial to you. This may include filing for bankruptcy or protecting your interests in court. A debt relief company employee who is not a lawyer cannot do this.
- Attorney-client privilege: Your attorney is bound by attorney-client privilege to keep information you disclose to them confidential. If you have violated tax laws and could face civil or criminal penalties, they can use the information you provide them to build your defense. A debt relief employee is not bound by attorney-client privilege.
- Income protection: A tax debt relief attorney can provide you with a plan of action to protect your income as you rebuild your financial life. This may mean negotiating an offer in compromise with the IRS or helping you demonstrate that your tax debt qualifies for currently not collectible status. They may also help you qualify for a penalty abatement. Debt relief employees may say they can help with these steps, but many lack experience with the IRS or lack the deep knowledge of federal tax law required to know how to apply it to your unique circumstances.
Get The Fresh Start You Need
Tax debts can be a significant burden. If you’re struggling financially, IRS tax debt relief programs can give you the fresh start you need. It’s well worth the effort to explore which options are available to you with the guidance of a tax debt attorney.
Let Our Skilled Tax Debt Attorneys Evaluate Your Case
If you are struggling with tax debt and need assistance, our experienced tax lawyers can provide a case evaluation and help you determine the most favorable course of action for your situation. Contact us online or call 212-235-1537 or toll-free at 866-712-9505 today to learn more about our tax debt relief services. Our team can serve you nationwide.
