Is the IRS sending you balance due notices, threatening to levy money in your bank accounts? Or even to garnish your wages? Would you like to know what your options are?
If you are having a hard time paying your basic living expenses, you may be eligible to be placed in currently not collectible status so that the IRS will not collect from you unless your circumstances change. Or you may be eligible for a payment plan called an installment agreement by which you pay the amount due over time.
Even better, you may be eligible for an Offer-in-Compromise. An Offer-in-Compromise may allow you to settle the tax debt for less than the amount originally due. You must offer the IRS a specific amount of money that you will pay to settle all of your outstanding tax liabilities. The amount you offer is based on your assets and your income.
Our firm can help you create a plan to resolve your tax liabilities and move on with your life. Call us for more information.
Robert V. Boeshaar Attorney at Law, LL.M.,PLLC
Latest posts by Robert V. Boeshaar Attorney at Law, LL.M.,PLLC (see all)
- How Can I Tell if My Business is in Tax Trouble? - September 5, 2024
Robert V. Boeshaar Attorney at Law, LL.M.,PLLC
Latest posts by Robert V. Boeshaar Attorney at Law, LL.M.,PLLC (see all)
- How Can I Tell if My Business is in Tax Trouble? - September 5, 2024