Huntington Beach Tax Attorney
Tax debt is a problem for many taxpayers today. Tax experts like Huntington Beach tax attorney want people struggling with IRS debt to know that there are solutions out there. The IRS has several programs in place to help debtors pay off their balances without causing added stress. The most important step towards debt relief is a commitment to a payment plan that fits an individual’s financial life. Huntington Beach tax lawyers are available to find the right solution for their clients.
Regardless of how the tax debt started, a tax attorney in Huntington Beach recommends that taxpayers that owe the IRS money work to pay them back as quickly as possible. While lump-sum payments are the fastest and simplest way to settle a debt, they are not a viable option for many people. For this reason, tax professionals can help clients find a settlement plan, such as an Installment Agreement, that allows for gradual payment over time. Aside from providing for time to relieve debt with a series of smaller payments, Installment Agreements often make room for other important expenses an individual may have. Those looking for a resolution option like this should provide their Huntington Beach tax lawyer with accurate financial records.
There are other options for taxpayers with unpaid debt. Currently-Non-Collectible status, a consideration recommended by tax attorney Huntington Beach for those in financial hardship, can release an individual from their liability. This applies to people that earn an income that is consistently less than their expenses. Occasionally the IRS will reduce a balance if the debtor agrees to pay a significant portion of the debt in a single payment. This Offer-In-Compromise requires that a tax lawyer in Huntington Beach analyze their client’s debt scenario and financial obligations, as well as all sources of income, to find the maximum payment available. If the IRS accepts the offer, the debt is considered satisfied.
IRS tax debt seems difficult to manage, but Huntington Beach tax attorneys are ready to help you find your way out. There are programs that account for all sizes of debt and financial situations. If you don’t know how to proceed, now is the time to contact a tax expert. These specialists are offering free consultations to anyone needing assistance with tax issues. Debt from unpaid taxes does not go away with time. Stop your debt in its tracks and find relief with your local tax lawyer Huntington Beach.