Tax Debt

When you have a tax debt the IRS has many weapons at their disposal. For example they can:

  • File an IRS tax lien
  • Serve an IRS tax levy on your bank account
  • Serve an IRS tax levy on your wages
  • Serve an IRS tax levy on your brokerage account
  • Hire a private debt collector working on commission to collect your tax debt.
  • Seize your state income tax refund to satisfy your IRS tax debt
  • Seize and sell your car, or even your home

Any of these actions can devastate both your financial and emotional well being. If the IRS serves a tax levy or tax seizure on your employer he is required to begin paying your salary to the IRS. Depending on the number of dependents you have you could be left with as little as $168 per week to live on! If your employer doesn't turn the money over to the IRS he could be held personally liable for your tax debt.

The IRS can take all of the money in your bank or brokerage account to pay your tax debt. They can even serve a tax levy and seize your IRA, your pension or your life insurance policy. If you have a business the IRS can contact your customers, tell them that you have an IRS tax debt, serve a tax levy and seize your accounts receivable.

Even though the IRS has is a fearsome creditor you have rights, including the right to consult a IRS tax lawyer, or tax attorney to help you obtain tax relief. As tax lawyers with IRS tax experience we can help you solve your tax problems. Solutions for your tax problem may include:

  • Submitting an Offers in Compromise to reduce your tax debt
  • Negotiating a reduced tax due to IRS errors involved in a prior tax audit
  • Obtaining a short-term deferral of your IRS tax debt so that you can have time to get back on your feet
  • Negotiating an Installment Payment Agreement so that you can pay your IRS tax debt over as long as 10 years or more
  • Reviewing your IRS tax accounts to determine whether or not the IRS has correctly calculated your taxes
  • Determining whether the time the IRS has for collecting your tax debt has expired, or will expire soon
  • Determining whether your IRS tax debt can be wiped out in bankruptcy
  • Negotiating releases of IRS tax liens so that you obtain a loan to pay-off your tax debt
  • Having your tax debt declared currently uncollectible so you can have a tax holiday from your old IRS tax debts
  • Obtaining releases of a tax levies
  • Filing claims for interest and penalty abatement
  • Negotiating innocent spouse relief to reduce or eliminate or your IRS tax debt

If your IRS tax debt is over $50,000 our tax lawyers and tax attorneys will review your tax debt to decide on the best solution for you. Don't wait until the IRS has served a tax levy on your wages or seized your bank account. Call us now at 800.380.TAX LITIGATOR or contact us online to make an appointment, and find out how our former IRS tax attorneys can help.

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Tax Problem Attorney Blog - Tax Debt

Tax Problem Attorney Blog - Offers in Compromise