IRS Tax Matters
Tax issues can cause a lot of stress and difficulty for a person trying to pay the taxes that they owe to the IRS. Sometimes it is just too difficult to pay the full amount because of your financial situation, or you have a dispute with the IRS regarding the facts of your case. There are solutions that can help you with your tax issues. Don’t face the IRS alone; having the right attorney on your side can help protect your interests and ensure that you get the best result possible. At Katz, Kantor, Stonestreet & Buckner, we know how to navigate tax laws and have the experience and knowledge that can help you with your IRS tax issues. We can help you with negotiating offers in compromise, getting an installment payment plan, filing for an extension, or going to court and litigating your IRS issue. Contact us today. Our attorneys can fight for you and protect you when dealing with the IRS.
Negotiating Offers in Compromise
If you are current with all your filing requirements and payments, and not involved in a bankruptcy, you may qualify for an offer in compromise with the IRS for your tax debt. This option allows you to settle your debt with the IRS for less than what you currently owe. This is an option if you have exhausted all other means to pay, but after doing so you still are financially unable to pay the full debt, or paying the full debt would be too great a financial hardship. The IRS will look at your over-all financial situation when evaluating if you can pay the full amount or not. They will consider your income, expenses, and what assets you own. We can help you by negotiating with the IRS on your behalf. Having an experienced attorney with knowledge of the tax laws and procedures can help insure you get the best settlement possible.
Installment Payment Plans
If you cannot pay your full debt to the IRS immediately, but you do not qualify for an offer in compromise, you may qualify for an installment payment plan. This type of monthly payment plan can help you pay your debt down gradually in payment amounts that you can afford. It can also help you to reduce or eliminate interest and penalties associated with your tax debt.
Going to Court and Litigating your Tax Issue with the IRS
Although going to court is usually the last resort, sometimes it is the best solution. We may recommend taking your IRS issues to court. This may be because the amount you owe is too high of an amount to settle or because you don’t qualify for an offer in compromise, a payment plan, or an extension, and yet you are unable to pay the full debt owed. It is also possible that you have a factual dispute with the IRS over the debt you owe. For example, maybe you took a deduction that was proper and legitimate, and yet the IRS is claiming that the deduction is improper. We are sensitive to the costs of litigation, and we will fight for you to ensure that your IRS tax issues are settled with the best possible result.
Let us be Your Lawyers, Your Voice. Contact us Today.
At Katz, Kantor, Stonestreet & Buckner, we have experience with tax law and with the IRS. Contact us today at our Princeton or Charleston offices; we can fight for you and protect you when dealing with the IRS.