Are you currently struggling with tax debt? Are you worried the IRS will start placing liens on your property? Is the IRS garnishing your wages, bank accounts or other assets?
At Van Law Firm we can help you analyze your IRS debt and know if you meet the criteria for a reduced tax payment plan.
There are obligations that need to be met before you are allowed to settle your tax liability issues:
- Make sure that all of your tax returns have been filed. We can help or we can refer you to a tax professional to help.
- Make sure that all of your estimated tax payments are paid for the year.
- If you are a business owner with employees, make sure that all your federal tax deposits are paid for the current tax year.
- If you are currently in bankruptcy, you are not eligible for tax settlement.
Whether or not you qualify for a reduced tax payment plan depends on the following:
- Ability to pay
- Available cash
- Reasonable living expenses
- Your assets and the equity in those assets
Las Vegas Tax Relief Attorney
It is always best to pay what you owe on time, but in these challenging economic times that may be difficult to do. This is why people with IRS problems call Van Law Firm to assist them in dealing with their IRS tax debts. We can get you on a payment plan to pay the debt that you owe (possibly over a period of 5 years) and if you are eligible, we can assist you in reducing the amount of tax you owe. In some cases, we can settle tax debts for pennies on the dollar.
Why would the IRS be willing to accept a lower tax settlement?
The IRS will accept a lower tax settlement if they do not think you will be able to pay the full amount over a period of time or that you will be able to pay them in a one-time lump sum settlement. The IRS is basically a debt collector and as a debt collector they want to collect something rather than nothing. In return, you want to make sure the IRS does not start placing liens on your property or garnishing your wages, bank accounts, assets, cars and anything else that the IRS can sell to get paid back.
Contact Van Law Firm
It is important to call us today. Neglected tax debt can turn into a headache. Penalties and interest continue to accrue on your tax debt causing your total tax liability to grow substantially higher than what you originally owed. Contact Van Law Firm today for a free consultation to discuss your legal options at 702-529-1011.