Top Three Ways Irs Tax Attorneys Can Reduce Your Tax

Top Three Ways Irs Tax Attorneys Can Reduce Your Tax Debt

Three methods you should know about how IRS tax attorneys can help you reduce your tax debt.

If you are currently struggling with a considerable amount of tax debt that you owe to the IRS, it is important to understand that you are not alone. Experienced IRS tax attorneys have the knowledge and credential to provide you with the Many IRS tax help you need in order to reduce your tax debt. Let's take a look at three of the most common methods that IRS tax lawyers use in order to help clients get their IRS problems under control.

IRS Tax Help: Offer In Compromise

An offer in compromise is often the most sought after form of IRS tax help from individuals who have the financial means to immediately repay a significant portion of their tax debt. With IRS tax attorneys fighting on your behalf, you may be able to completely settle your entire IRS tax debt by making an one time lump sum payment for only a portion of your total outstanding debt. In some case, Many IRS tax lawyers also make arrangements for an offer in compromise consisting of a few large payments that are paid to the IRS over a short period of time.

IRS Tax Help: Not Currently Collectible

In some cases, IRS tax lawyers can help postpone collection from the IRS on outstanding tax debt due to the fact that a person is simply not in a position to fulfill his tax obligations at the present time. IRS tax attorneys know how to present your financial situation in such a way that it is clear that you cannot afford to begin repaying your tax debt without undergoing significant financial hardship.

IRS Tax Help: Partial Payment Installment Agreement

If you are in a position to begin paying off your tax debt but cannot pay off your debt in full, IRS tax lawyers can also work on your behalf to make arrangement for you to begin making regular monthly payments. It is important to speak with qualified IRS tax attorneys before you commit to a partial payment arrangement, as IRS tax lawyers have the experience necessary to negotiate a payment play that is appropriate for your current financial situation.

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