The first role of an Austin, TX tax attorney is to help both individuals and businesses to understand and comply with the many different tax responsibilities that they may face. This includes helping companies limit their tax liabilities.
The second role is to help individuals and organizations if they are in a dispute with the IRS or any other government body that deals with taxes. This means educating people on their rights and protecting them as much as possible during any investigations.
Facing an investigation from the IRS can be an extremely stressful situation. You may be worried or anxious about the consequences and what they will mean for both you and your business.
If you owe a large amount and you have no means of paying, the IRS may settle tax obligations for a lower amount than you owe. However, to obtain this, you will need the representation of a skilled a reputable tax lawyer. You will need to follow all of the correct procedures to the letter.
Ronald Arthur Stearns Sr. PLLC is a local Austin, TX tax attorney, with nearly 30 years of litigation experience. With this experience and his personalized and exemplary approach to the attorney-client relationship, you can breathe a little easier knowing you have a fierce advocate in your corner.
What Can an Austin, TX Tax Attorney Do for Me?
From business litigation and business taxation to dealing with federal tax law cases involving the United States Tax Court and federal district courts, obtaining legal representation from a skilled Austin, TX tax lawyer is a smart idea.
Your Austin, TX attorney will:
- Take over all of the interaction with the IRS. They will assist you in any matters of compliance and will ensure that your unfiled tax returns are prepared, filed, and amended if needed.
- Ensure that all reasonable steps are followed to ensure that the IRS tax obligations that you face, are reduced as much as possible to the minimum amount that is feasible under your specific circumstances.
- Seek all of the relevant records that the IRS holds relating to your accounts. This will show all of the tax payments and declared earnings that have been reported previously.
- Defend any returns you have submitted that have resulted in an audit.
- Investigate fully whether you may be eligible for the reduction or elimination of penalties and interests that may have been imposed on top of your debt.
- File a request for the abatement of penalties and interest if you are eligible.
Stopping Seizures, Levies & Garnishments
When it comes to preventing the IRS from seizing goods or garnishing wages, your best defense is to obtain the legal representation of a reputable Austin, TX tax lawyer as quickly as possible.
This is because many taxpayer rights come with a time limit on their availability so the sooner you get in touch, the better the chances that your attorney can help.
Options If You Cannot Pay
There are a number of different options that you may be able to take if you cannot afford to pay your tax debts. Your attorney will consider all of these and decide upon the best route for you to take depending upon your situation.
Offer In Compromise
The first option is an offer in compromise. If the circumstances surrounding your case allow it, you may have to option to settle the debt at a substantially reduced cost.
There are a number of different factors that influence whether this route is open to you, such as the amount you owe, your assets, income, and your expenses, as well as the length you have had the debt and the size of your household.
Currently Not Collectible Status
When your circumstances mean that you have no means of paying or settling your IRS debt, there is a good chance they will put the entire case on hold until you are. This status is called Currently Not Collectible.
Innocent Spousal Relief
In the right circumstances, a spouse may be able to claim Innocent Spousal Relief, detaching themselves to some, or all of your IRS tax obligations.
Partial-Pay Installment Agreement
Another option you may be able to take is the creation of a plan to pay your debts over a period of time in installments. This may mean that you have to pay the full amount or it may mean that you pay a smaller settlement figure.
Additional IRS (Internal Revenue Service) Programs
Whilst these are the most common, there are numerous other programs that you may be able to take advantage of. The best way to figure out what the best options are for you personally, is to get in touch with a reputable tax law firm.
Remember, many of the options available to you are time-sensitive, meaning that the sooner you get in touch with a skilled attorney, the better your options.
Federal Income Tax Attorney
At Ronald Arthur Stearns Sr. PLLC, we can also help with:
- 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.
- 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!
At Ronald Arthur Stearns Sr. PLLC, we are experienced and knowledgeable in the complex Texas state tax law. This means our Austin tax lawyers can help businesses minimize their state and local taxes through structuring and planning.
Our experienced Austin tax attorneys are highly skilled in tax litigation and have covered and won favorable outcomes in a variety of tax cases in Austin, Texas. When it comes to tax disputes, we won’t rest until you have received the fair and reasonable treatment you deserve.
Contact Us For an Attorney Versed in Tax Law in Austin, TX That Protects Taxpayers’ Rights
If you are looking at collection action or a potential audit of your company’s tax returns, now is the time to get in touch with your attorney if you have not already.
As soon as you agree to representation, your attorney will take over and you should not have to appear before the I.R.S in the majority of cases.
Ronald Arthur Stearns has extensive experience in all contested tax disputes, from forced collection to unpaid income tax and wage levies.
Ronald Arthur Stearns Sr. PLLC believes that:
“Taxpayers Have Rights & It Takes An Experienced, Intelligent And Highly Dedicated Tax Attorney To Defend Those Rights”.