If you owe money to the IRS and fail to prove that the tax evasion was unintentional, the repercussions can be adverse. The IRS has the power to garnish your wages and seize your assets and property to recover the money that you owe. If you are hoping to settle on a reliable payment plan without any penalties for your unpaid taxes, you may need legal counsel. The Law Offices of Nick Nemeth have a team of experienced and reputable IRS tax relief attorneys who successfully help many taxpayers settle their tax debt problems.
This post lists some of the simple ways you can settle your tax debt. Read on.
Offer in Compromise
An offer in compromise requires you to pay a lump sum amount, or follow a short term payment plan, in order to pay off your tax debt. If you owe the IRS more money than you can afford, you may be eligible to pay less that what you owe in unpaid taxes, at a reduced dollar amount. Schedule a consultation with Attorney Nick Nemeth to see if you qualify.
Releasing Wage Garnishments
The IRS can levy your wages, salary, and/or federal payments until the levy is released or your tax debt has been fully paid off. If you can provide concrete evidence that you do not have enough money to survive with the levy on your wages, the IRS may modify or release your wage garnishments.
Not Currently Collectible
Under the Currently Not Collectible program of the IRS, a taxpayer can be exempted from paying the unpaid taxes for a year or so. The IRS will declare a taxpayer “currently not collectible”, only after the agency receives evidence that a taxpayer has no ability to pay for the stipulated time.
What if You Cannot Go DIY?
Presenting a case in front of the IRS requires in-depth knowledge of the legalities involved with tax-debt. The only way to ensure that your case stands strong, and to make sure that you successfully settle on any of the ways mentioned above, is to hire The Law Offices of Nick Nemeth, highly-experienced IRS tax debt attorney. Our team of reputed IRS tax relief professionals have the necessary skills and knowledge to negotiate with the Internal Revenue Service, and settle your tax debt and problems. If you are looking to hire an IRS tax relief attorney in Fort Worth, Texas or nearby areas, click here. For a free consultation, call (972) 426-2553 and schedule your appointment to meet with Nick in person.