Solutions for Unpaid Taxes
Having unresolved tax issues can put you in a very frightening position. When you are already struggling to make ends meet and keep up with basic necessities of living and expenses that cannot be ignored, you may see no way of paying your tax debt. The situation is compounded by the potential consequences of unpaid taxes and the aggressive tactics the IRS or other taxing authority can use to collect. Wage garnishment, tax levies, liens and seizures of your cash and other assets are all very real threats. If you have unpaid taxes, contact our firm to find out about the solutions available to you.
The IRS has several options in place for the payment of taxes owed. One of these is a monthly Installment Agreement, which allows you to pay down the balance over time. Your legal counsel can negotiate directly with the IRS regarding the approval of this agreement and its terms. If you qualify for an Offer in Compromise, this allows you to pay a percentage of what you owe and have the remainder of the tax liability permanently cancelled. Legal counsel is vital in attempting to this type of transaction as the IRS is very strict about which of these proposals it accepts. Bankruptcy can often be a valuable tool to eliminate older tax debts, but these matters should be negotiated by an attorney from the firm during the bankruptcy process.
Legal Representation in IRS Matters
Unpaid taxes can't be ignored for long and sooner or later will have to be addressed. Fortunately, an attorney from Price Law Group can work by your side to determine the most suitable approach for your personal situation. Our firm can speak directly with the IRS and other tax agencies on your behalf and has the experience necessary to go head to head with them in the pursuit of a resolution that is in your best interests.