If you owe the IRS taxes that you can’t pay in full, you have options available to achieve tax debt relief. Whether you are an individual or a business owner, an experienced tax attorney can assist you with complex tax proceedings involving the IRS. Our team at The Blue Law Group has helped corporations, partnerships, and individuals throughout Southern California resolve their tax debt issues. We have put together the options available to you to become tax debt-free.
Apply for an Installment Agreement
If you owe $50,000 tax debt or less, you can apply for an installment agreement. An installment agreement allows you to make convenient monthly debt payments for up to 72 months. The IRS now allows you to make payments online, so you don’t have to worry about sending checks or forgetting a payment. Unfortunately, applicants can get denied for a few reasons, including incorrect information about your income or certain lifestyle expenses the IRS deems unnecessary.
Negotiating an installment agreement that works in your favor requires an experienced tax attorney. Our Rancho Cucamonga tax attorneys will relentlessly pursue available options to help you get an agreement from the IRS that works for you.
Request an Offer in Compromise
If you’re facing overwhelming tax debt, you can also get an offer in compromise. An offer in compromise is an agreement that allows you to settle your tax debt for less than the full amount. In most cases, the IRS will accept an offer if it represents the most the agency can expect to collect within a reasonable time. An experienced tax attorney can help you negotiate a favorable outcome with the IRS so that you can pay less than the amount you owe and remain satisfied with your outstanding liability.
Southern California Tax Attorney
If you or your business is experiencing overwhelming tax debt, our Los Angeles tax attorneys can help you. We can analyze your situation and help you determine the most convenient method to get rid of your debt. We can help you assess your chances of receiving an offer, even if you don’t think you qualify.Contact us today at (909) 766-9996 to set up an appointment with one of our Los Angeles tax attorneys