Getting an IRS Offer in Compromise

If you owe back taxes, the IRS Offer in Compromise (OIC) program may be a solution. The OIC program allows qualified individuals to negotiate to pay less than what they owe to settle a tax debt.

While the IRS provides forms that you can fill out on your own, you can benefit from working with a qualified tax attorney if you want to negotiate a settlement through the Offer in Compromise program.
Continue reading

Advertisements

Information Regarding IRS Wage Garnishments

When you file your taxes instead of earning a refund, you may owe the IRS. Unlike other sources, the IRS does not have to win a judgement to garnish your wages, they are only required to contact you first and inform you. There are ways to pay the IRS before experiencing a wage garnishment, such as sending them a check for the full amount, or setting up a payment plan.

Continue reading

IRS and Your Back Taxes

Over the recent years, the IRS has become more lenient when it comes to how payment for tax dues are handled. This is proven by the rollout of the Fresh Start program back in 2011 which aimed to make it easier for taxpayers to settle whatever tax dues they have. Some of the changes that this program has done include increasing the threshold for when the liens would be imposed, installment and compromise agreements, and easier IRS tax liens withdrawals.

Continue reading

Three Times You Need to Hire an IRS Tax Lawyer

A letter from the IRS spurs panic within the hearts of most Americans. No one wants to deal with red tape, long waits, and confusing jargon only to be told they owe back taxes they can’t pay.

It is hard to know, however, when it makes sense to hire a tax lawyer rather than just bite the bullet and do it yourself. Here are three times it is best to hire a tax lawyer.
Continue reading