Tag: San Diego Tax Attorney
Getting an acceptance of your IRS offer in compromise can be quite challenging. With careful planning and proper preparation however, you can greatly increase your chances of acceptance of your IRS tax settlement. It is best to hire a tax attorney to get the job done. Only an experienced tax attorney, knowledgeable of the tax
Thinking you will owe the IRS forever? Many calls pour in to tax attorneys from taxpayers wondering whether the IRS “statute of limitations” will expire on an old IRS tax debt. For the most part, the IRS has limitations on how many years it has to collect. IRS tax debt assessment The IRS generally has
Can’t pay your IRS tax debt? Currently Not Collectible Status May Be an Option Are you falling behind on filing tax returns, paying taxes, or both? The IRS may give you a break if you are found to be experiencing extreme financial hardship. They may place certain delinquent tax cases in a “currently-not-collectible” (“CNC”) status,
[column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] Best San Diego Tax Attorney Offer in Compromise Tempted to finally look into settling your tax debt? It can work and now is a good time to take advantage of the IRS offer in compromise program. An offer in compromise acceptance by the IRS, however, is not automatic.
Here is the typical scenario: Wife incurs tax debt prior to marriage and never pays it off. She then marries Husband years later. The IRS starts to collect upon her again. She and her husband start to wonder whether his bank accounts, assets and wages are at risk for levy and wage garnishment. Huge fighting
In order to qualify for an IRS settlement or IRS payment plan in certain cases the IRS not only looks at your income and assets, but also your “necessary” monthly living expenses. Of course they do because your income minus your living expenses equals your monthly cash flow. They want to know how much
