Looking For A Lake Forest Tax Attorney?
Are you a taxpayer residing in Lake Forest, California? Do you have an IRS debt problem that you want help solving? Many people in your situation browse the internet or ask friends and family for advice on the right type of expert to handle their case. Are you aware that you may not need a Lake Forest tax attorney’s assistance? IRS Tax Practitioners, which are trained experts such as Enrolled Agents or CPAs, have the experience necessary to negotiate with the federal government and provide you with quality service on your terms.
When looking for tax debt solutions, as with many other things in life, California residents like to have choices. When our tax professional commit to providing options for anyone struggling with tax debt, we strive to personalize the experience and set you up with a tax resolution plan that is within your budget. We may not have offices located in Lake Forest, but we have helped taxpayers all across the country to overcome their tax debt issues.
The IRS has several resolution plans in place that account for situations that cover a wide range of reasons for accruing a balance from income taxes. Regardless of the cause, this dedicated tax team is committed to providing the best solutions possible for debtors. The process used by one of our IRS debt specialists follows the same guidelines as those set by Lake Forest tax lawyers. To ensure the success of these settlements, we may be able to offer lower rates than tax attorneys in Lake Forest.
One of the most important services provided by our tax professionals is to explain the differences between the main tax debt resolution programs offered by the IRS. While there are three main categories, the best settlement plan is to repay the entire balance in full with one payment. If this is not a possibility, an individual will have to choose between an Offer-In-Compromise, Currently-Non-Collectible status and Installment Agreements.
There are significant differences between these methods of resolution, but not all of them are reasonable solutions based on factors like a taxpayer’s Reasonable Collection Potential. A tax debt specialist will calculate this number during the tax investigation process to determine which programs have the largest chance of being accepted by the IRS.
For many taxpayers, we are able to recommend an Installment Agreement to settle the IRS debt quickly and we may have more resources that benefit your case than a Lake Forest tax attorney. If, for example, an individual can only afford a limited payment because they have to finish paying off their high interest car loan, there is a plan called the Stair-Step Installment Agreement, in which the amount of the balance paid out to the IRS increases after the other obligation is satisfied.
When finances are tight and there isn’t room to make any payments without sacrificing important expenses such as utilities or rent, a debtor can apply for Currently-Non-Collectible status and be relieved of the repayment responsibility. While it is often less successful, some taxpayers will opt to have their IRS debt expert negotiate for an Offer-In-Compromise to reduce the total balance in favor of rapid payment.
Choosing the right specialist can influence the likelihood that your offer will be accepted. If you discover that your case requires legal assistance, such as information on rights, only a lawyer such as a Lake Forest tax attorney can provide this service to you. If you are unsure, calling a tax professional can bring you answers. We are not Lake Forest tax lawyers or a law firm but the Tax Professionals, Enrolled Agents and CPAs we employ can show you options for settlement with the quality service and attention that you need.
When you’ve got tax debt that’s keeping you from enjoying life, paying bills, or just using your income the way you want it, it’s time to find help. Trained tax professionals can show you all of the options you have and which one will be the best method for IRS debt relief. Don’t waste another minute dealing with a balance that can be resolved with the help of your local tax experts. These specialists will start the ball rolling with a free consultation and then see you through the end of your personalized tax resolution plan. Whether through a call, an email, or by stopping into their offices, you can find a solution today with the right IRS negotiator. Get in touch with us now to start seeing how your options can lead you out of debt!