If you are facing an investigation or audit from the IRS or need help restructuring your business in order to optimize your tax obligations, a skilled San Antonio, TX tax lawyer will prove invaluable.
When it comes to IRS tax debts, it is often the case that people simply cannot afford to clear the tax obligations they owe. However, a dedicated tax attorney will be able to help you explore the options on offer to you. This could be in the form of an installment plan, a lower settlement, or a Cannot Collect Status.
If you plan to explore these options, your best shot at success is going to be to hire a reputable San Antonio, TX lawyer from a law office that offers tax law services to businesses and individuals.
Starting with a case evaluation to understand your case, they will be able to tailor a plan of action based on your specific situation. They will then ensure that you follow all of the right channels and procedures necessary.
Another thing a reputable San Antonio, TX tax lawyer will be able to do, is to help you with all of your business tax court proceedings and tax planning. One common example would be the restructuring of your business in a way that allows you to reduce the level of tax obligations you have.
When facing the IRS, Ronald Arthur Stearns Sr. PLLC is a fierce advocate. His in-depth knowledge of the Texas tax debt system and the United States Tax Court has allowed him to defend his clients and seek favorable outcomes in numerous cases.
What Can a San Antonio, TX Tax Attorney Do for Me?
As soon as you obtain representation from a skilled tax lawyer, they will be able to start working on your behalf. If you are facing the IRS, they are able to take over most of the liaising. They will also formulate a plan of action and begin to implement it.
For the best possible chances of a favorable outcome in a tax investigation, you should always get in touch as soon as possible. Many of the taxpayer rights on offer to you are time-sensitive and the longer you leave it to obtain representation, the lower the chance of you having access to some of the more appealing options.
Another role your attorney will fulfill will be to ensure that you file your paperwork on time and correctly. This might mean amending tax returns or filing returns that have not been filed yet.
As a recognized attorney, your tax lawyer will be able to seek the records that the IRS have on you, giving them a better understanding of what you are facing.
Finally, your attorney will be working tirelessly to have the obligations, penalties, and interest placed upon you by the IRS, stricken off or reduced to a level that is fair and reasonable for your specifically.
Stopping Seizures, Levies & Garnishments
If your case is deemed serious enough, the IRS may have escalated matters to the point where they have decided to remove goods or garnish your wages. In this situation, your best option is to seek the help of a skilled tax lawyer immediately.
By getting in touch with an attorney quickly, you will stand a much better chance of stopping the IRS and obtaining a favorable outcome.
Options If You Cannot Pay
For many, the option to pay off the tax debts and obligations is simply not viable. This can lead to serious anxiety and sleepless nights.
If you cannot afford to pay your tax debts, there are options on offer to you. However, you need to act fast and call your legal representation immediately.
Obtaining representation from a skilled tax lawyer is crucial. With many of the options on offer, you are bound by time limits so you and your attorney will need to start mobilizing right away. They will need to evaluate your case, decide upon a plan, and implement it.
Thankfully, if you act quickly and with the help of a reputable tax lawyer, there are a range of different routes that you may be able to take in order to pay off your tax debts.
Currently Not Collectible Status
If you find yourself in a situation where you cannot make any form of substantial payment, your attorney may be able to seek a Currently Not Collectible Status. This will mean that the IRS puts your case on hold until your situation changes, it does not, however, remove the debt.
Offer In Compromise
One of the more common options is called an offer in compromise. This essentially allows you to settle your debts for a lower amount, often with the penalties and interest dropped from the total.
To decide whether or not you qualify for this, the IRS will consider the age of your debt, the size of your debt, your current assets, and your current income level.
Partial-Pay Installment Agreement
In many cases, you may be able to seek a partial-pay installment agreement. This will usually mean reducing your settlement figure to a manageable number and paying installments until it is dealt with.
Additional IRS Programs
There may be a number of different routes that you can take but the only way to know what is in your best interests is to seek the advice and representation of a skilled tax attorney.
They will have a deeper knowledge of all of the potential routes you might be able to take and by evaluating your case, will be able to advise you on the most suitable plan of action.
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 San Antonio, TX tax law attorney.
San Antonio, 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.
- Advice on federal taxation and IRS issues.
- The planning of investment in and divestment of oil and gas.
- 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.
Protect Your Rights As a Taxpayer and Contact Our Tax Attorney in San Antonio, TX
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 attorney can begin liaising with the IRS. This will allow you to take a step back and breathe easily.