Looking For A Stockton Tax Attorney?
Are you a taxpayer in the Stockton area with unpaid back taxes that you owe to the IRS? If you’ve done research to find a tax professional to handle your case, you may have discovered that not every IRS issue requires legal assistance. If you are unsure as to whether you might need representation and advice from experts such as Stockton tax attorneys, our IRS Tax Practitioners can answer these questions and more with thorough explanations of tax debt relief processes.
A professional tax company with a full staff of tax negotiators, IRS enrolled agents and certified public accountants can provide quality service during every part of a tax debt negotiation. A lot of individuals struggling with debt either do not have enough income to support the payments needed or have too many other expenses. Regardless of the taxpayer’s financial situation, help is available from tax experts.
Stockton tax lawyers and our IRS specialists may offer different services, but we use the same IRS guidelines as these experts to determine your eligibility for a specific settlement program If a taxpayer in debt to the IRS has the money, our tax professionals always recommend paying the full balance in as few payments as possible. This would halt collection efforts and restore good standing with the IRS. However, many people do not have enough money to pay their debt off that quickly. For those taxpayers there are several debt settlement programs that help by turning large payments into smaller installments over time.
In most instances, Installment Agreements (IA’s) involve paying the full balance off in a period of 60 months. The different types of IA’s include special considerations for different circumstances. For example, a taxpayer working to pay off credit card debt at the same time would be advised by to apply for a Conditional Expense agreement. The tax professionals handling these recommendations focus on making them quickly and applying them to each individual’s specific needs, despite not being located in the Stockton area.
In the case of a taxpayer that has proven an inability to afford any payments, the IRS can award a status known as “Currently-Non-Collectible” (CNC). This temporary status can change whenever the individual has a change in income or becomes non-compliant with the IRS. It is important to keep in contact with a tax professional to increase your chances of remaining compliant to the federal government. This continued contact may result in more resources being available to you, as well as access to lower rates for services than you would find with a Stockton tax lawyer.
Financial disclosure with such an expert helps keep the taxpayer current with the IRS and can sustain the length of time this status can be maintained. Once the taxpayer is no longer considered to be under the CNC status, other payment options must be arranged. These payments may involve large or small installments and are a significant part of the agreement outlined in your contract with the IRS. If you need legal advice when preparing this contract, only licensed lawyers are capable of providing this information. We are not tax attorneys in Stockton or a law firm, but you will find that our team of IRS debt experts, CPAs and other professionals can help you explore your options so you feel equipped to make the final decisions about your case.
The other payment plan for those in debt to the IRS is the rare Offer-In-Compromise. Taxpayers considering this option should seek out tax professionals to help them determine the maximum amount they can pay in a short-term monthly plan. These plans last from 5 to 24 months. Once the payment plan has been submitted to the IRS, they can decide to reduce the total balance owed. While tax lawyers in Stockton may be able to offer some assistance during consultations, they are not the only source for tax relief available to you. Calling one of our IRS negotiators will help you figure out the specific needs of your case.
Taxpayers needing help with any tax issues should find professionals with the tax debt resolution experience to assist them with anything from penalty abatement to advice on how to maintain proper records throughout the year. If you have IRS debt of any size, it is always important to act quickly to contact experts like ours or a Stockton tax attorney, depending on your individual needs. Nothing is worse than inaction when it comes to IRS balances. You can start the settlement process today! Call an IRS tax specialist for a free consultation today.