Are you looking for a Alhambra Tax Attorney?
Are you a California resident near Alhambra? Have you been dealing with an IRS debt that is growing more difficult to handle by the day? Many people in your position try to solve their tax problems by looking online for local Alhambra tax attorneys. Anyone owing tax debt to the IRS can call Alhambra tax lawyers today for resolution options, but it may not be the best option for everyone. Our professional tax company is staffed with IRS Tax Practitioners, which must be either a CPA, attorney or Enrolled Agent. While attorneys may help taxpayers by consulting on IRS matters, tax professionals may be able to provide the services you need.
There are several programs instituted by the IRS to settle debt favorably for themselves and taxpayers alike. The same programs are available to Alhambra tax attorneys as well as our tax professionals with the same guidelines. Individuals struggling to determine the appropriate relief opportunity for them can work with tax experts to find the information they need. A tax professional that is familiar with a taxpayer’s financial situation can get the debt settlement process started. Our headquarters may not be in Alhambra, but local residents can take comfort in our outstanding service record in which we’ve resolved thousands of U.S. tax debt cases from coast to coast.
Once financial documentation and information such as income, expenses and amount of debt have been released to a tax professional, the appropriate program can be chosen and the taxpayer can work on paying off their debt to the IRS. For individuals struggling to pay the full balance, there are Installment Agreements (IA’s) that can be entered into. If a taxpayer has other obligations, this can qualify them for different programs.
Individuals owing money on other credit type accounts would seek debt relief in a Conditional Expense Installment Agreement. Stair Step IA’s are made for taxpayers with a short-term expense to pay such as a car or student loan. These agreements typically last 60 months and require the taxpayer to pay off the full balance within that period. If that is not possible, a tax professional would recommend a Partial Pay IA to lower the amount owed if the taxpayer provides full financial disclosure.
When choosing between our tax professionals and an Alhambra tax attorney, it is crucial for each individual to weigh their options and decide on the best course of action for them. By selecting the best option for representation in an IRS debt case, a taxpayer can save money and increase the likelihood of their offer to the IRS being accepted. Our tax professionals can quickly make recommendations and may be able to offer more affordable services than local Alhambra tax attorneys while providing a greater amount of resources.
Sometimes financial hardship falls on a taxpayer and they become unable to pay. When an individual’s monthly expenses exceed their income, Alhambra tax lawyer recommends applying for Currently-Non-Collectible (CNC) status. This releases their liability temporarily while the conditions upon the agreement remain the same. If income changes or the taxpayer is no longer compliant to the IRS, then the status can be removed and repayment must begin to avoid collection.
At this point, a tax professional can suggest an IA to enter into or possibly get an Offer-In-Compromise (OIC) for the taxpayer. An OIC is more difficult to obtain, as it involves a significant reduction in the total balance. This requires the taxpayer to pay as much as possible per month over a relatively short period.
In any tax case, it is important to stay within proper legal standing. Only an attorney can help explain legal rights. However, not every IRS debt case requires the help of an attorney. If you aren’t sure whether that is necessary in your case, you should call a tax professional or a lawyer with knowledge in this area. We are not a law firm or Alhambra tax attorneys, but we do employ a talented staff of CPAs, Tax Professionals and Enrolled Agents.
Regardless of the specific financial situation you may find yourself in, tax professionals can help. These tax professionals have the knowledge to assist with anything from tax preparation to penalty abatement. The most important thing you can do is to take action toward settling your debt. If you have any questions about tax issues, call a tax professional today for a free consultation. By reaching out to us, you can explore your options and get the answers you need to start finding relief from debt now!