Tax attorneys provide valuable insights into the laws concerning individual and business taxation, including tax planning, audits, and legal representation in Round Rock, TX.
One of the most important roles they take on is the protection of their clients when it comes to investigations from the IRS. As anyone who has faced a business audit from the IRS will tell you, it can be an extremely stressful and scary affair, especially if you cannot currently afford to pay the tax obligations you owe.
However, with a skilled tax lawyer fighting your case, you should be able to rest a little bit easier. They will be able to explain your rights and the potential options that may be open to you. This may include reducing the settlement figure, having penalties dropped or the interest struck off.
In order to seek these actions, you are going to need an experienced tax attorney backing your corner. They will give you the best possible chances of following all of the correct procedures that you will need to follow.
The second role that your tax attorneys can fulfill, is aiding companies and individuals to structure their businesses in a way that allows them to minimize their tax obligations in the best manner.
Ronald Arthur Stearns Sr. PLLC has been assisting clients in Round Rock and the surrounding Texas area for over 26 years, having graduated of the elite Northwestern University School of Law in Chicago in 1989.
This means he has strong knowledge of the complex laws that govern the state. Utilizing this knowledge, and his extensive experience in litigation and tax law, he is able to advocate for his clients in a fierce manner.
Contact our office today at 210-853-2135.
What Can a Round Rock, TX Tax Law Attorney Do for Me?
An experienced tax attorney will always be able to do more if you get in touch with them in a quick and timely manner. This will allow them to begin work straight away and will ensure that you do not exceed the timeframes that apply to some of your taxpayer’s rights.
From the second you obtain representation, they will be able to take over all contact with the IRS wherever possible. They will be able to file any returns that you need to file and will be able to amend any previous returns if they deem it necessary to amend them.
Your attorney will also fight to have any obligations that have been placed upon you by the IRS reduced to a point that is fair and reasonable for you in your specific situation.
As tax lawyers, they will be able to seek all of the records that the IRS has. This includes past and current accounts. This gives them a lot to work with and will allow them to tailor their approach.
Stopping Seizures, Levies & Garnishments
If the case has escalated to the point where the IRS has decided to remove or seize goods, or they have started the process of garnishing your wages, you need to contact a tax lawyer immediately.
If you get in touch with your attorney in a timely manner they will be able to maximize your chances of receiving a favorable outcome by utilizing all of the tools at their disposal.
Options If You Cannot Pay
For a large number of our clients, the option to pay off the entire settlement in one sum is simply unachievable. When in this situation, it is easy to allow worry and doubt to overwhelm you.
Thankfully, with the help of a reputable tax attorney, there is a range of different options that you can take advantage of in order to pay off your tax debts.
To explore all of these options, you will need to sit down with an attorney and explain your full situation and finances. This will allow them to pursue the option that is best in line with what you need.
Currently Not Collectible Status
If there is simply no way you can pay your debts and your circumstances mean you do not have much capital in the business to pay installments or a lower settlement, your attorney may seek a Currently Not Collectible Status.
If you achieve this, the IRS will put your case on hold and will wait until your circumstances change before seeking further action.
Offer In Compromise
One potential option that you may be able to seek, is called an offer in compromise.
This is where you pay to settle your debts with what you can afford to settle. Often this means that your case settles for a lot lower than you owe. In some cases, this means dropping penalties and interest.
Your chances of having this offer accepted will depend upon how long you have had the debts, the size of the debts, and your current income and asset situation.
Partial-Pay Installment Agreement
In the right situation, the IRS may allow you to implement a payment plan to settle your debts. This will allow you to pay for your obligations in a number of installments in order to allow you to catch up.
For some people, this may include interest or penalties being added to the figure.
Additional IRS Programs
There are a number of other options that may be available to you if you seek them with a skilled attorney. They will have full and extensive knowledge of all of the possible options and will be able to suggest which one is most suitable depending upon what your circumstances are.
For every route, your chances of success and winning a favorable outcome are going to be increased the quicker you get in touch with a Round Rock, TX tax law attorney.
Federal Income Round Rock, TX Tax Lawyers
At Ronald Arthur Stearns Sr. PLLC, we also have experience in:
- Tax-free reorganizations and sales of businesses.
- Tax-free like-kind exchanges involving oil and gas properties and commercial and investment real estate.
- The planning of investment in and divestment of oil and gas.
- Representation of individuals and businesses in the Internal Revenue Service and the United States Tax Court.
- Advice regarding income taxes, bankruptcy, tax debt, business taxes, property taxes, and business law.
- Planning with respect to settlements and jury awards in tax litigation.
- Planning for infusion of capital into existing businesses.
- Civil tax controversy and tax issues.
A Dedicated Taxpayer Advocate!
When it comes to dealing with the complex and often difficult-to-navigate tax laws that govern Texas, you are always going to fare better with a reputable tax attorney in your corner.
Ronald Arthur Stearns Sr. PLLC is a fierce advocate, one who can help minimize your tax obligations and ensure you are treated fairly by the IRS. We don’t rest until you have been treated with the fairness you deserve.
Contact Us For a Round Rock, Texas Tax Lawyer For Taxpayers’ Rights
If you are currently facing an audit, under investigation, or are being threatened with collection by the IRS, you need to get in touch with a skilled tax attorney as soon as possible.
Once you have agreed to representation, your premium tax lawyer can begin liaising with the IRS. This will allow you to take a step back and breathe easily.
Contact Attorney Ronald Arthur Stearns Sr. at 210-853-2135 today to resolve your tax disputes.
It may be the smartest call you ever make!