If you owe taxes, but just can’t make a payment, don’t despair, there may be a solution for you in Currently Not Collectible status. Your chances will only increase if you hire a qualified tax resolution professional (not your local accountant, they usually lack experience and expertise in working tax collection cases) to guide you
Occasionally, due to circumstances beyond the control of a taxpayer, a taxpayer cannot become eligible for any conventional tax resolution strategy (e.g. Offer in Compromise, Installment Agreement, Penalty Abatement, etc.). While other tax professionals scratch their heads or unsuccessfully attempt a conventional strategy, our attorneys welcome the challenge.
No matter how bad your situation may seem, the odds are very high that our attorneys have faced a similar situation before. By way of debt restructuring, corporate restructuring, and/or a combination of appeals, proposals, and negotiations, our attorneys will go the distance to find a solution to your tax problem.
These “creative solutions” will be individually tailored to address your specific situation. As you might imagine, these strategies can get quite complicated. Consequently, it is not possible to give a comprehensive description of the possible strategies that we might recommend within the limited parameters of this website.
If your situation requires a “creative solution,” our caring staff will walk you through it step by step, no matter how complicated and challenging it may be.
Attorneys vs Accountants
Which is Best for You?
Recently I was engaged in a heated discussion with an IRS Settlement Officer. The subject was an Offer in Compromise (Tax Settlement) I had filed on a client’s behalf. The IRS did not want to approve our Offer because they noticed that my client had been late with a few tax payments during the time
Before I answer this question, is important to understand the following definitions regarding liens: A “tax lien” means a taxing authority has a claim against all of the taxpayer’s rights to property. A “filed tax lien” means the taxing authority filed a public notice stating a taxpayer owes tax liabilities. The taxing authority usually files