How to Solve Any IRS Problem
Find Solutions with Our Cerritos Debt Relief Attorneys
The Internal Revenue Service (IRS) is infamous for being one of the least
popular federal government agencies. The reputation is not exactly misplaced.
When the IRS is owed debts by an individual,
business, or other entity, it can use a variety of means – such as collection letters,
liens, levies, and
wage garnishments – to get what it wants. The pressure and persistence of the IRS
can be enough to stress out anyone.
The only good thing about an IRS-related problem is that it can always
be resolved. You can turn to RJB Law Offices and our Cerritos debt relief
lawyers for professional guidance through this trying time. We would be
happy to put our 20 years of legal experience to good use for you. All
you need to do to begin is call
888.256.8581 and request a
Are You Behind or Out of Luck?
Every IRS problem can be sorted into two categories:
- You have not filed one or more tax returns.
- You cannot pay an IRS bill or tax statement.
Once you realize that your problem, no matter how complex it might seem,
fits into one of those two simplified categories, the weight of the situation
will lessen. If you are not caught up on your tax returns, you need to
take steps to finish them and soon. If you cannot pay a bill, it is time
to explore alternatives and negotiations with a tax lawyer. Either way,
understanding the basics of your IRS problem is the first step in resolving it.
Interpreting & Reacting to the IRS
You may be notified by the IRS that there is a problem with your tax debt
or tax situation but never told useful specifics. Discovering the source
of the issue can rest on your shoulders. Start by requesting your tax
record dating back several years, allowing you to see any and all returns
filed, payments made, liens placed, and so on that could be pertinent
to your case. Our Cerritos tax debt attorneys can help you study your
record to determine what the solution may be.
We will want to consider these 5 options when pursing a resolution:
Offer in compromise: The amount you owe the IRS is not unmovable. With the offer in compromise
(OIC) program, you can actually discuss options to have that amount lessened.
Your ability to opt into this program will be based on your income, expenses,
and assets. If you do fail to qualify, ask about a penalty abatement program.
Installment agreement: Comparable to a
Chapter 13 bankruptcy filing, using an installment agreement with the IRS will restructure your tax
debt and allow you to pay it back in lesser payments. Sometimes the IRS
will tell you to pay a certain amount each month until the tax debt expires;
at that point, the remaining debt is discharged.
Uncollectible: People or parties with unstable incomes and few assets can achieve uncollectible
status. The IRS will essentially shelve your tax debt for the time being,
reviewing it annually to see if you are uncollectible still.
Bankruptcy: If you are in tax debt due to personal income taxes, a successful
Chapter 7 bankruptcy can completely eliminate the amount you owe. You should be prepared to
lose some of your personal property in the process. Talk to your lawyer
Repayment: The IRS will look into your financial situation with microscopic precision.
If they determine that you can pay back your debt without bankrupting
yourself, this is likely the only option they will offer you.
Struggling with Your Tax Debt? We Can Help You Through It!
The IRS is not going anywhere. If you owe them a tax debt, you must be
willing to take the first step and take action to solve it, one way or
another. At RJB Law Offices, you will find that we are truly passionate
about uplifting our clients and guiding them to comfortable, amicable
solutions. We are renowned throughout Southern California for providing
a friendly and professional environment for businesses and individuals alike.
Fill out an online case evaluation form today or call us at 888.256.8581 to discover the difference we can make for you.