The best method to eliminate most of your IRS tax debt would be to negotiate an Offer in Compromise arrangement, and we can help.
What is an Offer in Compromise Agreement?
One of the top software the IRS has available right now, is known as the Offer in Compromise application. This program basically lets folks would’ve gone through substantial financial or emotional hardship to possess their tax debt reduced to to a far lower amount, in accordance with what they are able to really refund within a fair period of time.
For anyone who qualifies, this could make a massive difference in the characteristic of your own life in the future.
How Can I Qualify for the Offer in Compromise Agreement?
Unfortunately qualifying for an offer in compromise deal is not the simplest thing, and many individuals who attempt to qualify we’ll not be tolerated, and really give more information to the IRS than they need to. This may occasionally even result in the IRS upping your tax debt again, due to the brand new info that they were unknowingly given by you.
To finest increase your probability of really qualifying for an OIC arrangement, you need to speak to our Arizona before you do anything else, and law firm instantly. We negociate offer in compromise deals on a daily basis for our clients, and are assured that we can also do if your position allows it.
What Do I Need to Get an OIC Agreement?
For most individuals to qualify for an OIC deal, you’ll need to reveal critical psychological and fiscal hardship throughout that time your back tax returns have not filed. This could be anything from a job layoffs, two at a medical emergency, and many more things, depending on your ability to earn a strong wage, as well as how substantially affected your life.
What is the best way to negotiate an Offer in Compromise Agreement?
The best method to negotiate this arrangement, if you actually let to for you, and our Arizona lawyers and CPAs are more than prepared to assist you.
We can immediately remove a bank levy from your account, in order to move on with your own life.
What is a Bank Levy?
The Internal Revenue Service may choose to issue a bank levy on your own checking, savings or brokerage accounts, if your tax debt was built up to a high enough of number. This really is essentially when the IRS gives out a lawful seizure of your assets, as well as your bank is required to send them a specific percentage of the cash which you have saved with them.
After the IRS issues a bank levy, in your assets will freeze for 21 days, and after that your funds will be sent directly to the Internal Revenue Service, when you would not have the ability to get them back.
Basically, it’s of legal form larceny, in which the government steals from its own people for tax cash owed.
Can my bank levy be removed?
Luckily for you, most bank levies may be taken away quickly, depending on your individual tax situation. If we can get your account into compliance with all the IRS, and file all tax returns that are back and you have left unpaid, there is a very high chance that we will be able to get your bank levy removed within days, and not months or weeks.
That way, send to the government, and then you’ll have access to the cash stored within those as well as all your accounts, instead of having them locked up.
How can I stop my bank levy?
For most of US, the best method to quit an IRS Bank Levy is to utilize a team of experts who have extensive expertise in dealing with these sorts of dilemmas.
Give our Lake Havasu City tax law business a call immediately to see that which we can do for you.
Repaying you tax debt over time with an Installment Agreement is the best way to slowly get back to financial freedom.
What is the Installment Agreement Program?
As they do not have tens of thousands dollars additional merely sitting around for most people, this really is not possible.
That is why the IRS introduced what is known as an installment arrangement, which is actually an arrangement you enter into with them, that will let you repay the amount you owe over time, instead of one large payment, in smaller monthly payments.
Will I Qualify for an Installment agreement?
Because it will increase the prepayment rate it will get on the back taxes which people owe the Internal Revenue Service is normally very accepting of most individuals to enter an installment arrangement. For many people, qualifying for an installment arrangement is a pretty simple thing to do.
But before you use for one as well as go out, so you’ll manage to receive the best rate and payment amount possible you will need to know what advice that it’ll be asking for, in the very best way to present that info. Our Lake Havasu City team negotiates multiple installment deals every single day, so we understand the very best ways of getting our clients the results they need, in a payment they could afford.
So let our Arizona specialists manage negociate your installment agreement for you, due to our working relationship with IRS contacts, because often times we’re able to get twice as great of deal as taxpayers generally would. If you had a gigantic plumbing escape, it is just like – you’d need to call in a plumber to get the job done right immediately, instead of trying to repair it yourself.
How Can I Successfully Negotiate an Installment Agreement?
Negotiating an installment arrangement is only concerned about getting the money they’re owed, and could be somewhat tricky for many people, since the IRS is generally not on your side. What this means is they will frequently try and impose sizeable payments which you can’t manage, which can leave you strapped for cash, and struggling to get by each month.
Our Lake Havasu City specialists can make sure that you are a paying the sum that you ought to be paying based on your own current life situation, and not more.
How Much Will I Have to Pay with an Installment Agreement?
The exact amount you will have to pay each and every month with the panda number of variables, including the total amount that you simply owe, your own monthly income and expenses, and how well you can negotiate together with the Internal Revenue Service. But depending on your own individual situation, this may be more or less.
The best way finding out just how much you can expect to pay, is by giving our Arizona pros a call right now. A phone consultation and only a quick 15 tell you precisely what you need to understand about a potential payment arrangement between the IRS as well as you.
Penalties and Interest costs can add up quickly, but our Lake Havasu City company of experts can have them removed quicker!
What is Penalty Abatement?
Chances are, that if you have built up a critical tax at the IRS, they have added on additional penalties and interest costs to your closing debt, which can grow it considerably if not almost double it from what you really owe.
But fortunately enough, in an effort to get you to repay you tax debts, the Internal Revenue Service will most likely agree to reduce or remove some of those fees and interest fees, which can significantly reduce the amount you owe. Plan or this action is known as fee abatement, and is something that our Lake Havasu City tax law company does for our clients.
How Can I Get my IRS Penalties and Interest Reduced?
Just like in negotiating with all the Internal Revenue Service, if you can utilize the idea of non payment of your tax debt against them, then chances are that they will decrease the total amount you owe, only attempting to get back whatever cash they look good to their managers, and can.
Our Arizona tax specialists are well versed in helping our clients do it on a daily basis, and get the best prices in terms of penalty abatement. The best method to qualify and receive the best bargain is to let our crew of pros manage it for you. Instead of trying to manage a gigantic water line break by yourself, you’d call a plumber who could get it repaired immediately, before more damage is finished. The same thing goes with taxes. It’s just better to let our Lake Havasu City team handle it for you.
How Much Can I Save with IRS Penalty Abatement?
The precise amount you will save in having your penalties and interest reduce will depend a lot on your individual tax situation, and your financial situation in your life that is normal.
Give our Arizona team a call immediately to learn how much you can actually save, and following a brief 15 minute phone conversation, you will know just where you stand, and what to do. The info from that consultation is free for you to do whatever you like with, including do it yourself, or go with a challenger.
By negotiating with the Internal Revenue Service on your own, you can be left in a worse position than before, so let our Lake Havasu City team help.
How Can I Negotiate with the IRS to lower my my tax debt?
For those who have built up a substantial tax debt to the Internal Revenue Service, and live in Lake Havasu City, chances are that you’ll have the ability to negociate a particular part of your debt spread out the method in which you will pay for it, and to be forgiven.
However this is generally not as simple as it sounds, because you will be fighting against the biggest collection agency on the planet, who puts aside billions of dollars and thousands of employees to go after citizens like you, to make sure that they get the money they’re owed.
How Should I Start Negotiating?
One of the basic principles of negotiating a tax settlement with the IRS, is to have some kind of negotiating edge. For many folks, the risk of non-repayment of their debts could be used as a bargaining chip against the Internal Revenue Service. It is each IRS worker’s job to try and regain as much of your tax debt as possible, so they’ll usually require that deal if they’re capable to get a portion of it, instead of not getting any of it.
But coping with this particular individual revenue officers may be very difficult, and if you don’t understand what you’re doing, you can often end up in a worse place than you were before.
To set yourself a couple of frustrations, money and time, you should only let our Lake Havasu City tax attorneys handled for you in dialogues.
How Can I Get the Best Result in Negotiations?
You have to know which buttons are the very best ones to shove to receive the best price in your tax resolution discussions with the IRS. Like we mentioned previously, the threat of non payment is usually a good way in order to get a lower rate for amount on what you’ll refund. Things like fiscal adversity, life situations, as well as the other fiscal circumstances can often assist in reducing your monthly payments in an installment arrangement, and the whole amount you owe complete.
But again, the simplest way to go about negotiating with the IRS is to let our Arizona law firm handle it for you. It’s something we are the best at in the industry, and do on a daily basis for customers.
