Looking For A Rancho Santa Margarita Attorney?
As a taxpayer in the Rancho Santa Margarita area, are you facing problems from unpaid income taxes? Has this or other tax-related issues caused you and your family to struggle with paying the IRS? There are many solutions available that can quickly get you into a tax debt settlement that satisfies your needs and those of the IRS at the same time. IRS Tax Practitioners, experts that must be certified public accountants, lawyers or enrolled IRS agents have the skills and training necessary to provide you with the quality of service you expect. Despite what many taxpayers think, representation from a Rancho Santa Margarita tax attorney is not required in every case. Calling a professional tax company can help you to determine the specific needs of your situation.
Whether or not a tax lawyer in Rancho Santa Margarita has been contacted, taxpayers in debt to the IRS should start the resolution process as soon as possible. If you find yourself in this situation, it is important to determine your options for settlement with the IRS. Our tax company can provide you with these recommendations quickly. We may not be located in Rancho Santa Margarita, but we have negotiated thousands of successful resolutions for clients all across the country. Depending on your personal tax issues, resolving problems can be a lengthy process and the longer it goes unattended, the more debt and fees can increase.
Taxpayers can experience a range of issues when it comes to the IRS. Common debt issues include balances owed from unpaid back taxes, fees from improperly filed tax returns and liens and levies placed due to missed payments. A taxpayer in any of these situations may need assistance to determine exactly where they stand with the IRS and the best course of action. Some taxpayers may not even know the full extent of their debt. Without that knowledge, it is very difficult to move forward. If you find out that you need legal advice, only a Rancho Santa Margarita tax attorney or other similar experts can provide this information.
Once the full balance is determined, and the cause of the balance, our tax professionals can help taxpayers choose the best option for debt relief. Our tax negotiators and a tax attorney in Rancho Santa Margarita both use the same IRS guidelines to determine your eligibility for tax relief. In the case of a balance owed, solutions can include lump sum payments, Installment Agreements or obtaining Currently-Non-Collectible status. Each of these programs is dependent on the taxpayer’s personal financial situation.
Once the programs have been explained, you make the final decision about what route to take. For this reason it is very important to fully disclose all financial documentation so that tax experts can have all the information to recommend the right solution. To be efficient with your finances, our IRS debt specialists set up payment plans that work with your budget and may involve large or small installments, dependent on your available funds. We also may be able to offer lower rates for our services than local Rancho Santa Margarita tax lawyers.
Lump sum payments, while simple, are not available to all taxpayers in debt to the IRS. Installment Agreements, in which the balance is paid off in smaller portions, come in several varieties. Each agreement is based on the taxpayer’s specific financial situation. Most of the agreements offered by the IRS still involve paying off the full balance and are entered into for a period of 60 months. Currently-Non-Collectible (CNC) status is available when a taxpayer’s monthly expenses exceed their income, making any repayment impossible. If a taxpayer thinks that CNC is the right choice for them, one of our assigned tax debt experts can advise on this and help obtain this status from the IRS.
Liens and levies can be placed on a taxpayer’s assets if no action is taken when a notice of debt or tax return issues are sent. When preparing to resolve these tax collection techniques, we may be able to offer more resources and settlement options than a Rancho Santa Margarita tax lawyer. Our tax specialists advise that efforts be taken to remedy the cause of a lien or levy as quickly as possible. Liens can lead to additional fees and interest being charged to the taxpayer up to 25% of the balance owed. Levies can put freezes on bank accounts and even give the IRS the right to seize property (such as cars or houses). To avoid such drastic results, taxpayers receiving such notices should reach out to tax experts immediately. We are not tax attorneys in Rancho Santa Margarita or a law firm, but with a full staff of Tax Professionals, Enrolled Agents and CPAs, there are teams of dedicated people waiting to help you explore your options.
No matter what state your debt is in, it’s never too late to take action. The IRS is willing to work with taxpayers to collect on debt and get them in right standing. The worst thing that can be done about tax debt is nothing. Call our tax company today to get moving in the right direction towards debt relief!