Irvine Tax Attorney
Irvine tax attorney is available to help taxpayers who contact them with questions about tax debt. Surmounting debt owed to the IRS is a difficult task, and often requires the assistance of tax professionals. When a taxpayer cannot pay off all of the debt they owe to the IRS, tax professionals can recommend several options for tax debt resolution.
There are many paths to tax debt settlement. Taxpayers facing IRS debt should never try to handle it alone. Calling a tax attorney Irvine gives taxpayers access to resources and knowledge that will help them find what course of action is going to result in the best results with the least amount paid. Settling on a tax debt will often save a taxpayer money, allowing the tax professionals to contact the IRS directly on behalf of the client. There are different types of settlement: Offer In Compromise, Currently-Non-Collectible, Penalty Abatement and Installment Agreements. The results of these settlements range from reducing the amount owed to the IRS to proving through financial documentation that no money is available to be paid to the IRS. Irvine tax attorneys are familiar with all the types of settlement and are qualified to assist a taxpayer with their debt resolution.
With plenty of tax professionals, such as Irvine tax lawyer, available to assist taxpayers in anything from tax preparation to debt relief, people finding it difficult to pay and file on time should call tax professionals such as a tax lawyer Irvine every year to avoid having tax issues later. In today’s economy, it is important to hold on to assets. Tax problems that go unchecked can result in the government’s seizure of anything from bank accounts to cars and houses. The government can levy personal and real property if the debt owed is not repaid. Tax problems typically begin due to a lack of ability to file on time or pay taxes on time. In this scenario the IRS issues a Lien, which damages credit ratings and stays in a credit report for seven years. Taxpayers receiving a Lien should call Irvine tax lawyers to get the issue settled before it becomes a Levy. If a Levy has been issued, the problems can still be solved. Once tax attorneys in Irvine have gotten the IRS to remove the levy, a settlement agreement can be chosen to put the taxpayer back into good standing with the IRS.
If you’re a taxpayer looking to settle your debt and are unsure of what the next step is, contact tax lawyers in Irvine to determine the best course of action for you. The important thing to remember is that the worst thing you can do is nothing! Irvine tax lawyers are there to help you reduce or remove your IRS debt. Call today and get on the path to financial freedom!