I offer all types of IRS tax representation. I have worked with IRS revenue officers, revenue agents, collection personnel and others in the IRS. I have also worked with the offer in compromise unit and the taxpayer advocates office. Some of the terminology in the representation area include –
Offer in Compromise
An offer in Compromise is a great option when you owe the IRS a debt. The purpose of the offer is to try and settle your tax debt for less than the actual amount due. Unfortunately, popular advertising indicates this works for everyone. It does not. You have to qualify for an offer in compromise. We will review your particular situation and will discuss this option with you if it is a valid option.
An installment agreement is used to full pay your taxes, penalty, and interest over time. The repayment period can be up to six years. During the period all collection activity is suspended.
Back Taxes Owed
If you owe back taxes you need to address the situation. They are not going away. We can help you look at various options to determine which course of action would be the best for your particular situation. You will receive notices and some of those need to be responded to in a certain amount of time or you may lose some of your rights. We can help you read and understand the letters you receive from the IRS.
Generally, both you and your spouse are responsible, jointly and individually, for paying any tax on your joint return. If you think your current or former spouse should be solely responsible for an omission or an underpayment of tax from your joint return, you may be eligible for innocent spouse relief.
An IRS levy permits the legal seizure of your property to satisfy a tax debt. The IRS can garnish wages, take the money in your bank accounts, or worse. If you receive an IRS letter titled Final Notice of Intent to Levy or Intent to Levy and Notice of Your right to a Hearing, contact us immediately.
A federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt. The lien protects the government’s interest in all your property, including real estate, personal property, and financial assets.
If your taxes meet certain requirements, they may be able to be dismissed in bankruptcy. This would involve obtaining an attorney and is a viable alternative given the proper situation.