IRS Debt Relief in Texas

DebtAs you know, seeing an unexpected envelope from the Internal Revenue Service in your mailbox triggers instant fear. Spotting an IRS officer standing on your doorstep, as a result of your IRS problems can turn fear to total panic.

The Internal Revenue Service has tremendous control and reach. If you ignore or can’t resolve your tax debt, the IRS can take possession of your property and assets, sometimes without ever stepping inside a courtroom. You can even end up in prison.

Fortunately, you are not alone. The Law Offices of Nick Nemeth is an experienced, professional IRS tax law firm in Texas. Unlike the typical tax resolution companies that take a “one-size-fits-all” approach, our team of tax attorneys, financial analysts, CPA, enrolled agents, case managers, and legal assistants keep in contact with the IRS every day. We have helpful insight and experience with respect to how the local IRS revenue officers operate. Since we are a law firm, we know what is going on behind the scenes. We use this intelligence to create permanent tax resolution strategies.

Access to information is one of the keys to getting ahead with the Internal Revenue Service. We know that you likely have options you do not know about. We have the benefit of information and understand how the agency works, so you can make informed decisions.

Call us or fill out the Free Case Evaluation Form to schedule your FREE confidential consultation in Dallas, Fort Worth, Houston TX and nearby areas.

*(972) 426-2553 * 817-624-0829

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Commonly Asked Questions About IRS Debt Relief

What is tax debt relief?

The term tax relief refers to various IRS payment plans that are designed to help taxpayers and businesses reduce their tax bills and settle outstanding taxes. This includes Installment Agreements, Currently Non-Collectible Status, Offer in Compromise, and Penalty Abatement.

How do I resolve IRS debt?

The best way to resolve IRS tax debt is to pay what you owe in full. If you are not in a position to do so, for whatever reason, you can explore the different IRS payment plans and apply for one that best fits your circumstances. An IRS tax debt attorney can help you in that regard.

Who can help me with IRS debt?

An experienced IRS tax lawyer is best placed to help you with IRS debt. The IRS has different payment plans that appeal to different taxpayers that owe back taxes. A seasoned lawyer will first understand your case and circumstances before helping you to seek relief using the best payment agreement.

How do I qualify for tax debt relief?

To qualify for an IRS Tax Forgiveness Program, you must owe the IRS at least $10,000 in back taxes. Another basic condition is that you have to prove to the IRS that you are unable to pay back the outstanding amount in a reasonable amount of time.

Is there an IRS debt relief program?

Yes, the IRS has different debt relief programs that allow taxpayers to settle their taxes for less than what they actually owe. You have to check if you qualify for an IRS debt forgiveness program before applying, or consult an IRS attorney.

Is the tax debt relief program legitimate?

Yes. The tax debt relief program is legitimate, but you must always be alert to the presence of scammers who take advantage of the IRS program. If you can’t do it yourself, make sure to consult an established IRS debt tax attorney for reliable help with IRS debt.

What are my IRS tax relief options if I do not have the ability to pay?

If you can't pay your taxes, you may request a payment plan (including an installment agreement). Sometimes, taxpayers qualify for a partial installment agreement, when the household income is less than the amount needed to pay the IRS debt within a specified amount of time. Each IRS debt relief option has different requirements, and some may even require a fee.

How can I get my tax debt forgiven?

The IRS has a debt forgiveness program that is available to qualifying taxpayers. You will need to apply to be accepted into the program. There are specific qualifications to meet requirements of the program. After you agree to the terms of your IRS debt forgiveness program, the IRS will keep assessing your financial situation.

What's the best way to avoid an IRS tax audit?

There are several ways to avoid attracting a tax audit. These include:

  • Not reporting a ‘net business loss’
  • Being specific when listing your expenses
  • Providing supporting paperwork and explanations for your expenses
  • Filing and paying your taxes on time
  • File accurate returns the first time to avoid amended returns
  • Make sure the information in your tax return aligns with what is in government-issued forms, such as 1099-INT, 1099-DIV.
  • Avoid excessive deductions
  • Avoid using the same figures for your deductions
  • Answer all questions and leave nothing blank
  • Use Schedule C to report all small business earnings

What can I do if the IRS has filed tax levy or placed a federal lien against me?

The best way to get IRS problem resolution when it comes to tax levies and liens is to pay what you owe in full. The IRS will release the lien 30 days after you settle your tax debt. If you believe the IRS action is a mistake, get in touch with the government agency to get a resolution. In all situations, you can always get professional help from IRS debt lawyers.

I haven't filed tax returns in years. Is it too late to reach a settlement?

It is never too late to reach a payment settlement with the IRS. You will first need to ascertain whether the IRS has filed a substitute return. Next, you need to file all outstanding returns before you can seek Penalty Abatement for late filing and requesting a payment agreement for the tax debt.

How can I get rid of back taxes?

The best way to get rid of back taxes is to pay what you owe as soon as possible. If you are not in a position to do so, you can seek IRS debt forgiveness, allowing you to settle for less than what you owe.

Is there a one time tax forgiveness?

Yes. First-time Penalty Abatement is also known as One-time forgiveness. It is an IRS program that waives any penalties for filing errors and late payments. You may not qualify for the program if your filing is exceedingly late, or you are the subject of multiple unresolved penalties.

How do I get out of tax debt?

The best way to get out of tax debt is to file and pay all outstanding taxes immediately. You can also request a payment plan to settle your tax debt for less than what you owe.

Can I negotiate with the IRS if I owe income tax or payroll taxes?

Yes. You can negotiate with the IRS if you owe income or payroll taxes to get IRS debt relief. There are different payment plans that you can request from the IRS if you meet the requirements.

What to do if you owe the IRS and can't afford to pay?

If you owe the IRS and can’t afford to pay, you should request a payment plan. A payment plan has the effect of reducing your tax debt, but you will still accrue interest on the outstanding amount.

How much will the IRS usually settle for?

Negotiating a settlement with the IRS is usually a very grueling process. The best proposal you can make to the IRS is making a payment of 20 percent of what you owe and the balance within five months or five payments. The longest payment period the IRS will accept is 24 months.

Can you negotiate with the IRS without a lawyer?

The IRS is always ready to collect what is owed from taxpayers. You can discuss matters with the IRS to see if they will negotiate the liability. However, the best way to safeguard your interest is to leverage the experience of a tax relief attorney.