Tax collection can be a stressful and overwhelming experience, especially if you’re struggling financially. Fortunately, there are several tax collection alternatives available that can provide relief from the burden of outstanding tax debts. These alternatives are designed to help taxpayers who are unable to pay their full tax liability, and may offer a more manageable way to resolve tax debts over time. A Texas tax attorney can help you explore these options and determine the best course of action for your situation. In the following paragraphs, we’ll explore some of the most popular tax collection alternatives in Texas and how they can provide relief from the burden of tax debt.
A Tax Attorney in Austin, TX Who Can Help You Find Relief
A tax attorney can provide crucial assistance to taxpayers dealing with tax debt collection by evaluating their financial situation, negotiating payment arrangements or settlements, and protecting their legal rights. Some of the ways a tax attorney can help include navigating tax law complexities, providing legal representation in disputes or audits, and ensuring taxpayers achieve the most favorable outcome possible.
- Unfiled tax returns
- Amended tax returns
- Audit defense and appeals
- Relief from penalties, interest, levies, liens and seizures
- Relief from wage and bank garnishments
- Installment agreements tailored to your ability to pay
- Relief from payroll tax collections
- Trust fund recovery penalty relief
- Defense of independent contractor status
- Defense of civil and criminal fraud examinations
- Criminal and grand jury defense
Common Types of Texas Tax Collection Alternatives
Offer In Compromise
If your facts and circumstances are appropriate, you may be able to settle your tax obligations with the IRS at a substantial reduction to your IRS tax debt.
The opportunity to settle your IRS tax obligations for less than you actually owe will depend on a variety of factors, including but not limited to, the amount of your IRS tax obligation, your assets, your income, your expenses, the size of your household, the length of time remaining for the IRS to collect any past due taxes and other factors.
Currently Not Collectible Status
If your facts and circumstances are appropriate, the IRS may agree to place your entire IRS tax obligation on hold, with no tax payments due on your IRS tax obligation until your circumstances change in a way that you are able to make payment toward your IRS obligation.
Innocent Spouse Relief
If your facts and circumstances are appropriate, you may be able to obtain total or partial relief from your IRS tax obligation.
Partial-Pay Installment Agreement
If your facts and circumstances are appropriate, the IRS may agree to an installment agreement that will pay only a portion of the full amount of your IRS tax debt, penalties and interest.
Additional IRS Programs for Tax Relief in Texas
The Internal Revenue Service has many additional programs and alternatives that are available to individual and business taxpayers to settle their tax obligations. Call Attorney Ronald Arthur Stearns to discuss the options that are appropriate for your circumstances. Please remember that the sooner you contact your attorney, the more he can do for you. Call Attorney Ronald Arthur Stearns at 512-257-0570 or 512-593-7346, or send Attorney Stearns an email to arrange a consultation. Taxpayers have many rights, but important rights can expire if not timely exercised.