Laguna Woods Tax Attorney
IRS tax debt is an issue that plagues many California citizens today. Regardless of the cause, tax experts like Laguna Woods tax attorney have the solution. These professionals have the experience to help people in any financial bracket find their way out of debt. They can start the process of settlement with the IRS and see their clients through to freedom from tax debt. There are many resolution programs offered by the IRS. The most important first step is determining the right one for you. IRS debt relief specialists such as tax lawyer Laguna Woods are available to help you take that first step.
Determining the right debt resolution program is one of the most important parts of the settlement process. The IRS has different eligibility requirements for each program based on such factors as the amount of debt and personal finances like income and expenses. Each tax attorney in Laguna Woods is aware of the criteria to verify an individual’s eligibility for a fitting settlement option. For example, if a taxpayer is completely unable to pay their debt, they can prove this by submitting the proper forms (such as IRS Form 433) to the IRS. This form will show the Reasonable Collection Potential and the taxpayer’s monthly income and expenses. Helping a client fill out this form properly is just one service provided by Laguna Woods tax lawyer.
The IRS has to agree to a tax debt relief program for it to be effective. Once a tax attorney Laguna Woods has helped their client submit the application and forms to the IRS and they have received approval, it is crucial for an individual to stay committed to satisfying their debt. Whether the program requires a series of monthly payments in an Installment Agreement or no payment at all, as in the case of a Currently-Non-Collectible (CNC) status, every option has a set of obligations that must be followed. CNC taxpayers, for example, must remain current on all future tax returns and have their cases re-examined every two years. It is important to let experts like Laguna Woods tax lawyers know about any significant changes in income or expenses.
Debt relief is most effective when a taxpayer and their tax lawyer of Laguna Woods come up with an agreement that satisfies the IRS without causing any financial hardship. It can be hard to get started on the road to debt relief, but these tax professionals offer free consultations to take the edge off of the debt settlement process. Once you see that there is a solution out there for you, you can commit to a path that brings you to the freedom from tax debt that you seek. Call Laguna Woods tax attorneys today for a consultation to find out how you can get rid of your IRS debt.