Tax Lawyers Can Help You with Debt Forgiveness
Our expert tax lawyers at The Law Offices of Jordan F. Wilcox can make IRS debt forgiveness more accessible to our clients. Pursuing debt forgiveness from the IRS can be complicated, so taxpayers need legal representation from an experienced tax lawyer. Our tax lawyers in Arizona and Utah will fight for your rights as a taxpayer while applying for tax relief programs.
What Are My IRS Debt Forgiveness Options?
The IRS Debt Forgiveness program allows taxpayers to consolidate all their debts into one monthly payment, making it easier to manage the debt. A professional tax lawyer can help you decide which debt settlement and repayment option is best for your financial situation. There are a few ways to get tax relief with the help of a tax lawyer.
Currently Non-Collectible Status
The IRS applies this status if taxpayers can’t pay their owed taxes. A currently non-collectible status means you won’t have to pay your tax debt while in the status, but interest and penalties will still accrue. Our tax lawyers can help you write the financial statement that the IRS requires. This statement is what the IRS uses to determine when they can start collecting taxes from you again.
IRS Installment Agreement
An IRS installment agreement is a payment plan for taxpayers to pay back their tax debt over a specified period. Installment payments are a good way for taxpayers who can’t pay their taxes in full or have many years of back taxes to pay off their tax debt. Our professional tax lawyers can help you negotiate a fair payment plan and explain the payment plan’s terms to avoid penalties from the IRS.
Offer in Compromise (OIC)
An offer in compromise is an option for taxpayers to settle their IRS debt for less than what is owed. Our tax experts can help you make an offer in compromise to the IRS if you will likely never be able to pay your tax debt or if the full amount of your tax debt will create financial hardship for your family. Our tax lawyers will help set up your payment plan, whether a lump sum, short-term, or deferred payment plan.
Jordan F. Wilcox is Here to Help You With Tax Debt Forgiveness
Setting up your own IRS debt forgiveness plan can be complicated and could lead to rejection from the IRS. Let our tax lawyers at The Law Offices of Jordan F. Wilcox ensure you meet everything you need for IRS debt forgiveness program approval. There are no guarantees regarding the IRS; don’t take a chance with your finances! Call our offices in Arizona and Utah today to learn more about how our tax experts can help you with tax relief.
Tax issues don’t wait—neither should you. Contact Jordan F. Wilcox for a free consultation!