South Carolina Tax Attorneys Negotiating IRS Debt Reduction
The IRS has the power to seize your bank account, take your paycheck, and sell your assets. We will intervene on your behalf and put your tax issues and IRS debt on hold while we review your case to determine the most effective way to resolve your tax problems.
We represent individuals and small businesses who:
- have not filed their tax returns
- are facing an IRS tax audit
- are facing seizure of assets by the IRS
- are under criminal investigation
- are an innocent spouse of someone in trouble with the IRS
- have received an IRS levy notice
We will target your tax problems and work to:
- stop your wage garnishment
- stop a bank levy and foreclosure proceeding
- remove any tax lien
- remove penalty and interest charges, and when criminal charges are brought, we can provide
- criminal tax defense
Depending upon the facts of your situation, there may be several ways to obtain debt relief. We will work hard to settle your tax debt with the IRS or South Carolina Department of Revenue for a fraction of what you owe.
Structuring Repayment with the IRS
Non-Collectable Status: If you do not have the extra income to pay off your tax debt and need your entire paycheck to cover all essential living expenses, you may be eligible to have your debt classified on non-collectable status.
If you qualify for non-collectable status, the IRS will suspend your payments for a period of time allowing you to get back on your feet and provide for your family.
Installment agreements: In order to work out an installment agreement, you must provide the IRS with financial statements and other financial information verifying your financial status and ability and/or inability to pay. The amount of your tax repayment and the period during which you make payments will depend upon the amount that you owe the IRS.
IRS Debt Reduction Help
The IRS does not want you to know that as a taxpayer you may be able to settle your outstanding tax liability for less than you owe.
We can help you determine whether you may be eligible for:
- An offer in compromise
- An IRS penalty abatement
- penalty abatement
- tax levy or tax lien release
Do NOT Talk to SC Department of Revenue Investigators
Our clients often tell us that they speak to investigators because they feel that they do not have anything at all to hide. If you are approached by an investigator, contact a criminal defense attorney to discuss the best way to proceed. Don’t be fooled into thinking that it is ok to talk to the investigator. While your intentions may be good, your words can get twisted resulting in your arrest and additional charges.
Tax Relief Options
Finding options for tax relief can cause extreme stress and difficulty in your life. The longer you wait to address your tax problems, the worse they become. Tax debt can force you to face garnishment, levy, and liens while your debt continues to compound with penalties and interest.
At Strom Law Firm, our experienced tax attorneys can help you with your IRS tax problems. You may be able to qualify for the IRS Tax Relief program.
We provide the following solutions to help resolve your tax issues:
Offer in Compromise
The IRS does not want you to know that as a taxpayer you may be able to settle your outstanding tax liability for less the actual amount owed. An offer in compromise is an agreement between you and the IRS. It settles a taxpayer’s legal responsibility for what is actually owed to the government. The Strom Law Firm can help you determine whether you are eligible for an offer of compromise. We will work hard to present an Offer in Compromise for a fraction of what you owe.
The IRS permits the following types of Offer in Compromise:
- Doubt as to liability – When the debtor can prove that there is a doubt as to the tax amount that the IRS says you owe.
- Doubt as to collectability – When the debtor can establish that it is not likely the tax amount owed will ever be paid in full.
- Effective Tax Administration – the debtor does not argue that he or she owes the amount or that he or she cannot pay the amount; rather, this type of offer in compromise is based on the public policy argument that it would impose an economic hardship or would be unfair. This exception is typically used when someone is suffering from a disability, long term illness or when satisfaction of the debt by seizure of property would prevent the taxpayer from affording basic living expenses.
Penalty Abatement
If you owe the IRS, you can be forced to pay interest and penalties on the amount owed. Penalties can be staggering and turn an otherwise management debt into an uncontrollable situation. Penalty Abatement is a program developed by the IRS which allows you to have your tax penalty reduced or even removed. In order to be considered, you must have a good reason and be able to prove why you did not file your tax return or pay the amount that was due. If you are an innocent spouse, your relied upon the advice of a tax professional, you suffered from medical issues, or you can prove a good reason, you may be eligible for penalty abatement.
Wage Garnishment, Bank Levy and Lien Releases
The IRS has a tremendous amount of power and can seize your assets, including your paycheck as well as money that you have in your personal bank account. In certain situations, if you are unable to pay your basic living expenses, such as your mortgage or rent, utilizes or car payment, we can help you have the tax levy or tax lien removed.
Unfiled Returns
If you have earned income, you must file an income tax return with the Internal Revenue Service. Often people do not file income tax returns for various reasons. Our firm can help you with the problem of unfiled tax returns.
The IRS maintains all Form W2s, 1099s and 1098s filed on behalf of an individual taxpayer for six years. Our firm can assist you with preparing any unfiled tax returns by obtaining information from your records from previous years, as well as reviewing bank records and other financial documents. It is important to file tax returns to avoid accruing interest
IRS Audit Representation
Our firm can represent you during an IRS audit. The IRS can audit you for any year and determine that you owe additionally to what you had originally paid in. If the IRS audits you and finds problems, it will usually audit you again for another two years.
IRS audits are complicated and can be time consuming. Our attorneys can assist you with this process by reviewing all of your documentation and working to represent you before the IRS in order to ensure that you are treated justly. We will do our best to obtain a positive result for you. If the IRS determines you owe additional money, we can represent you through this process to work toward a possible settlement of your tax debt.
Payroll Tax
If you own (or have owned) a business with employees, then you owe payroll taxes (Form 941 or Employee Withholding Tax) to the government. It is critical that you pay these taxes and attempt to resolve any debts as soon as possible. Failure to pay these taxes can cause you to face penalties and interest. If the tax continues to go unpaid, the IRS can seize your business assets and force it to be closed. Even if your business is closed, the IRS will still come after you personally for the payments. This can cause financial problems for you personally.
The IRS vigorously pursues enforcement of the payroll tax laws. If you have failed to remit these taxes, contact our firm today. We can quickly help get you back on track and will work to resolve your tax issues immediately.
Placement on Non-Collectable Status
If you do not have the extra income to pay off your tax debt and need your entire paycheck to cover all essential living expenses, you may be eligible to have your debt classified on non-collectable status.
If you qualify for non-collectable status, the IRS will suspend your payments for a period of time allowing you to get back on your feet and provide for your family.
Installment Agreements
An installment agreement allows you as the taxpayer to enter into an agreement with the IRS to pay a period of smaller, more maneageable payments towards your tax liability.
The amount of your payment and the period during which you may payments will depend upon the amount that you owe the IRS. In order to work out an installment agreement, you must provide the IRS with financial statements and other financial information verifying your financial status and ability or inability to pay.
Don’t wait while the interest and penalties you owe to the IRS continue to mount. Contact the IRS tax solution attorney at the Strom Law Firm, LLC today for a free consultation to discuss how we can help you put your IRS debt behind you.
REMEMBER: Filing an income tax return with the IRS is not the same thing as filing one with the South Carolina Department of Revenue. These are two separate processes and require separate action.
Call Today for a Free Tax Relief Consultation
Depending upon the facts of your situation, there may be several ways to obtain debt relief. We will work hard to settle your tax debt with the IRS or South Carolina Department of Revenue for a fraction of what you owe. Don’t wait while the interest and penalties you owe to the IRS continue to mount. Contact the tax attorney at the Strom Law Firm, LLC today for a free consultation to discuss how we can help you put your IRS tax debt behind you.
