The Law Office of Jordan Schwartz, P.A. works with clients in an effort to address various tax issues relating to IRS debt. The following list is an example of some of the relevant tax issues our office can handle on a client’s behalf:
- Bankruptcy – Contrary to popular belief, certain IRS tax debt can be discharged in a bankruptcy, provided certain specific conditions are met – most notably, the debt must usually be at least 3 years old.
- Offer in Compromise – Our office can initiate debt negotiation with the IRS in order to facilitate an ‘Offer in Compromise.’ An Offer in Compromise, essentially a deal with the IRS whereby the IRS accepts less money than the debtor owes in back taxes, can be successfully negotiated with the IRS, provided certain conditions are met.
- Full Pay – Although rarely used, our office can negotiate with the IRS to accept full payment of taxes owed. This is negotiated when a client simply wants to pay the IRS and avoid any further conflict.
- Installment Agreement – Our office can negotiate with the IRS to enter into an installment agreement whereby the client can make payments to the IRS toward taxes owed and the IRS will, in turn, cease any legal action against the client, such as the initiation of garnishment & levy.
- CSED issues – ‘Collection Statute Expiration Dates.’ Our office offers consultation and advice with regard to relevant tax collection statutes. Certain taxes are uncollectible if the statute governing collection has expired.
- Penalty Abatement – Our firm successfully negotiates with the IRS with the goal of eliminating penalties levied against our clients due to unpaid income tax.
- Appeal – Our firm can work with a client in order to appeal a prior attempted resolution with the IRS that did not result in favorable terms for our client.
- Hardship – Our office can work with a client who truly meets the definition of ‘hardship.’ Proving hardship can result in forgiveness of certain IRS tax debt.
- Audit Reconsideration – When the IRS has determined that a client owes taxes based upon an audit performed on the client’s financials, our firm can work with the IRS in reevaluating the circumstances involved and potentially reducing or eliminating the tax liability.
- Innocent Spouse – When one spouse is being penalized for the tax filing of another (ie: underreporting of income by the non-innocent spouse), our firm can intervene and assist the ‘innocent spouse’ in redressing the claimed liability.
Each tax dispute remedy listed above must met very specific criteria in order to be available to an individual seeking relief. An attorney from our firm will personally meet with clients in order to evaluate the possibility of the aforementioned remedies. As always, CONSULTATIONS ARE FREE AND AVAILABLE 7 DAYS A WEEK.