Looking For A Gardena Tax Attorney?
Are you a taxpayer in the Gardena area? Have you recently been struggling with repaying a debt from unpaid IRS income taxes? Many people in your situation use internet searches and word-of-mouth recommendations to find Gardena tax attorneys that can manage their cases. Lawyers can be useful in tax negotiations, but this is not your only option. Tax companies likes ours have a reputation for solving IRS debt problems for thousands of clients in states all across the country, despite not having our headquarters located in Gardena. Calling a tax professional can lead you into a resolution method that fits your needs and budget restraints.
Taxpayers unable to meet deadlines for filing tax returns may face interest, fees and penalties. This can create an IRS tax debt problem. Anyone facing these issues should look into whether a local Gardena tax attorney or federal tax debt expert can be the best to put a stop to the growth of debt. The best way to ensure that no further interest is charged is to submit a tax return and a payment for the full balance. This simple action brings an individual’s account into compliance. For taxpayers unable to file or make payments, or that hired tax professionals who failed to process their return properly, a tax professional will provide a solution.
Tax professionals are providing assistance to taxpayers that are currently accruing interest on unpaid or unfiled tax returns. The interest rate for a return that is filed past the deadline is 5% of the taxes due per month. Late tax payments grow the original balance at a rate of ½% per month. These two penalties cap out at 25% of the original taxes owed, but can still increase debt significantly. Once tax debt has become unmanageable, tax experts can negotiate a settlement with the IRS on their client’s behalf.
Before tax debt grows to an unmanageable state, each individual should determine the right professional to settle their balance with the IRS. If legal guidance is necessary, only an attorney can provide this service. However, when debating between a Gardena tax lawyer and one of our IRS Tax Practitioners, it is important to consider how a CPA or an Enrolled Agent may better serve your needs. Once the repayment phase has begun, your IRS debt specialist may set you up with an agreement that involves large or small installments at different intervals.
The IRS provides several options for debt resolution, all of which can be explained and processed by one of our tax debt specialists. Taxpayers unable to pay their full balance will commonly receive a recommendation to enter into an Installment Agreement. This program is subdivided, with variations allowing for monthly balances that appropriately reflect an individual’s financial situation.
Our tax professionals can resolve your IRS debt problem under the same IRS program guidelines as a Gardena tax attorney. With quick recommendations and considerable resources, our IRS debt experts focus on getting you the best settlement possible. In the end, it is up to each individual to decide on the best course of action to solve their tax issues. Our main goal is to make sure you have all the information you need. By taking advantage of the years of experience and resources we can provide that may be greater than those offered by Gardena tax lawyers, you can receive the quality of service you’re looking for.
Offers In Compromise, in which a tax professional works with their client to determine the largest amount of the debt that can be afforded, can result in a decrease in the overall balance. A one-time payment that makes up a percentage of the total amount due is offered to the IRS. If it is accepted, the debt is considered satisfied. The final classification for taxpayers is one in which the IRS recognizes an individual’s inability to pay due to financial hardship. In this scenario, the taxpayer’s income is less than their necessary expenses and they are put into Currently-Non-Collectible status, thereby removing their liability. This status remains as long as their financial situation remains the same and they stay compliant to the IRS.
In any tax debt case, the most important thing you can do is find the best representation that is available to you. Calling tax professionals can help you determine whether your case requires that a lawyer’s assistance. We are not Gardena tax attorneys or a law firm, but our CPAs, tax professionals and enrolled agents work hard for each client to help them solve current IRS debt problems and avoid future issues. Exploring your options can show you the best route toward IRS debt relief.
Tax debt can be avoided if problems are handled quickly. Tax experts can help taxpayers to process returns and payments that are past their deadlines. If you are struggling with fees and penalties from the IRS, now is the time to act. Debt can increase quickly and cause problems from financial stress to collection. Call a tax professional today to stop tax balance growth and settle with the IRS.