It may not come as a surprise to many Texas residents that people across the state have financial problems that prevent from doing certain activities. One matter that should not be avoided though, regardless of what a person’s monetary situation is, is filing and paying taxes. As mentioned on previous posts here, there are many options available to people who are unable to pay their taxes on time, and none of those include avoiding filing taxes.

However, some people are not aware that they have certain options, such as partial payments or installments plans. As a result, they willfully either fail to file their taxes or continue to neglect making payments without informing the Internal Revenue Service. As a result, people often end up breaking tax laws and face a penalty that might even amount to more than the actual tax bill.

What may come as a surprise to many people is that the IRS may agree to settle a person’s tax matter for less than the tax the person owes, but to avail this right a person must know about the option. Additionally, the right circumstances and facts must exist, in addition to the completion of all relevant paperwork.

At our law firm we work to help our clients find options for settling tax bills and other tax law issues, such as creating defense strategies for audits and appealing IRS decisions. We understand that IRS tax laws are complicated, which is why we work with our clients to help them understand their obligations and how to fulfill them. For more on how we help our clients, please visit our webpage.