Tax Relief Attorney
Table of Contents
Tax relief attorneys help their clients by doing a variety of things. They may help you file for a different tax return, such as a tax refund or an amended return. They can also help you resolve tax disputes with the IRS, often at little or no cost.
A tax relief attorney can also serve as your advocate during any audits or investigations by the IRS. They may provide a myriad of tax settlement services. Here are some of the services provided by such attorneys.
An offer-in-compromise is a way to settle your tax debt for less than you owe. It can be used to settle debts from multiple years, and it doesn’t require that your current financial situation meets the IRS’s criteria for full payment within 120 days. If the IRS accepts an offer-in-compromise, your account will be closed, and no additional collection activity will occur.
Installment agreements are available to taxpayers who need help paying their taxes in full. You can apply for an installment agreement with the IRS through Form 9465, Installment Agreement Request.
To qualify for this arrangement and receive a payment plan, you must be unable to pay your taxes all at once due to financial hardship or other pressing circumstances (such as a death in the family). The IRS will evaluate your ability to repay the debt over time and determine whether you may benefit from monthly installments instead of owing the entire amount at once.
The form includes information about how much money you owe on which dates, as well as other details that would help planners better understand why they should grant this request rather than turn it down flatly without consideration for extenuating circumstances such as those mentioned above. After writing down all relevant details about yourself and what’s preventing you from paying everything off right away—and making sure they’ve got everything correctly recorded—you’ll send them off into cyberspace where someone will look over them carefully before deciding whether or not granting relief is necessary based on these particular circumstances alone!
Tax resolution is a process to resolve tax debt that can be done through an offer in a compromise or payment plan. It differs from bankruptcy because it does not discharge the debt on your record but extends the statute of limitations (the number of years you have to file a tax return). Tax resolution takes up to a year or more if you’re going through it alone, and most people don’t want to wait that long. This is why hiring a lawyer providing tax settlement services is better, as they can help you speed up the process.
Penalty Abatements are one of the benefits that tax relief attorneys offer to their clients. The benefit comes from helping people avoid penalties they may have incurred at the IRS or state level.
For example, if you had a filing error on your taxes and were charged with a penalty, you can work with your tax attorney to get an abatement so that you no longer have to pay this additional fee.
This special type of tax relief can be granted if you qualify as an innocent spouse in relation to a joint tax return filed with your spouse. In order to be considered an “innocent” spouse, you must have been married at the time of filing, living separately from your spouse at all times during the year, and not knowing or having reason to know that they did not report all of their income on the return.
If you are facing tax problems, it is important to contact a tax relief attorney as soon as possible. They can help you file all your forms and get the best result.