Looking For A Norwalk Tax Attorney?
Are you a taxpayer in Norwalk or the surrounding area? Has tax debt from missed income taxes been causing financial problems for you and your family? Norwalk residents receiving notices from the IRS should call a tax professional for more information. Notices relating to debt, liens and levies may seem like they require a Norwalk tax lawyer’s services. Are you aware that attorneys like these are not the only experts that can represent your case to the IRS? These problems should be addressed quickly, but IRS Tax Practitioners can provide quality services from audit defense to income tax preparation. Regardless of the reason for the notice, if there is debt, there are relief options. Our tax debt specialists can help a taxpayer to know where they stand financially and what can be done to secure a debt-free future.
To make sure that all debt relief options available are considered, taxpayers can ask tax experts for advice. Our company is familiar with the programs offered by the IRS and what criteria are needed to qualify for them. We follow the same IRS guidelines in these determinations as a Norwalk tax lawyer. If you have the available funds, the best case scenario is to pay off the debt in as few payments as possible.
If that is not possible, there are options for smaller payments found in Installment Agreements (IA’s). These are typically used to pay off the full balance in a period of 60 months. Sometimes an IA includes provisions for other circumstances, such as a short term financial obligation the taxpayer has like a car or student loan payment. Disclosing financial information to your IRS debt specialist is helpful when applying for an agreement like this. Our headquarters are not in Norwalk, but we have built trust in our clients from thousands of resolved cases from Florida to Alaska. Anyone struggling with tax debt should examine all options before settling on a path to tax relief.
If a taxpayer’s specific financial situation does not qualify for an Installment Agreement, the IRS can allow for a reduction of the total balance. This rare instance is called an Offer-In-Compromise, and is an agreement in which the taxpayer pays as much as they can per installment over a short period of time, ranging on average from 5 to 24 months. If the taxpayer commits to that agreement and stays compliant with it, the IRS will lower the total amount due.
Our IRS debt negotiators can determine the appropriate amount of the monthly payment. As payment amounts can vary from small monthly installments to larger lump sum contributions, the time of each contract is worth considering. If there isn’t enough money available to afford any payments because the available income is less than the monthly expenses, taxpayers can be considered under a “Currently-Non-Collectible” status. To obtain this status the IRS has to determine that the taxpayer is in financial hardship. This is temporary and should be accompanied by frequent contact with a tax expert ensure continuous compliance. We work to provide more affordable services than local Norwalk tax attorneys so that our clients don’t have to worry about large up-front payments in addition to what they owe to the IRS.
Legal advice can be useful in some tax debt cases and can only be provided by professionals such as tax lawyers in Norwalk. Not every situation requires this kind of assistance, but you can find better success if you know what you need. Our tax professionals offer considerable resources and tools that may be greater than your local tax attorneys. We are not Norwalk tax lawyers or a law firm, but we have a staff of CPAs, tax professionals and other IRS Tax Practitioners that are licensed to help you overcome your IRS debt problems.
Tax debt owed to the IRS can produce both financial and emotional stress for a taxpayer. However, you might be one of the people struggling with other tax issues, from missing deadlines to fee and interest penalties. The right tax professional can help with anything from debt and penalty abatement to how to make sure you file properly without missing any forms. Call an IRS debt negotiator for a free consultation to get any of your tax questions answered.