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Offers in Compromise - Settling your Tax Debt for Less |
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An offer in compromise is an extremely popular government program. An offer in compromise is a process whereby the taxpayer offers the IRS or the State a reduced sum of money in order to settle a delinquent tax bill. The IRS may accept an offer when it is not likely that the tax liability can be collected in full and the offer amount reflects what can be collected over a reasonable period of time. The goal of the offer in compromise is to collect what is reasonably collectible at the earliest possible time and at the least cost to the government... |
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Tax liens are filed by the IRS and the state to protect their interests against other creditors. Although the taxing agencies are reluctant to release or modify tax liens, we might be able to get the government to subordinate a tax lien, thus taking a back seat to a lender and allowing the client to borrow money against his assets to satisfy the tax lien... |
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We represent clients who have missed filing some of their state or federal taxes. Some clients are only behind a year or two, others need to catch up on their filings way back into the 1980's. Regardless of complexity, our team of experienced tax lawyers promptly prepares accurate back taxes, while aiming to minimizing the risk of criminal prosecution and enforced tax collection by the taxing agencies... |
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Wage Garnishment Protection - Stop Wage Garnishment |
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A wage garnishment is devastating to a taxpayer. We understand how important a regular paycheck is to our clients and their families. Upon being retained, our tax attorneys immediately contact the taxing agencies to negotiate the release of any IRS or Pennsylvania wage garnishments. Often our tax attorneys are able to modify the wage garnishments to a much more manageable level... |
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Assistance With Payroll Tax Problems |
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A payroll tax problem usually arises when an overworked, or financially strapped business owner fails to file the required payroll tax returns, or turn over the payroll taxes withheld from its employees. Contrary to popular belief, it is possible to resolve a payroll tax problems through an offer in compromise, without having to declare bankruptcy and closing the business... |
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Installment Agreements for your Taxes owed |
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An Installment Agreement is a payment arrangement whereby the government allows a taxpayer to pay liabilities over time. Once a payment plan is established, the IRS will not take enforced collection action, including the levy of bank accounts or wages, as long as the taxpayer remains current with all filing and payment obligations. However, interest and penalties would continue to accrue until the outstanding balance is satisfied. Additionally, a tax lien may be filed as part of the terms of the installment payment agreement, depending on the amount of the total liability... |
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IRS Penalty and Interest Abatement |
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Anyone who has ever encountered a tax problem with the IRS or a state-taxing agency knows the magnitude of the IRS penalties levied by the government for non-compliance. Because of the rapid accrual of high tax penalties and interest, what starts as a manageable tax problem can quickly escalate to unmanageable levels. Our tax attorneys are able to help clients deal with tax penalty issues... |
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If you are married, it is very likely that you will file a joint tax return to minimize your tax liability. However, by filing a joint return, you are agreeing to be held jointly and severally liable for any and all taxes, penalties, and interest due on the joint return. This is true even if a divorce decree or other agreement states that your spouse or former spouse will be responsible for the tax liabilities. However, there are provisions that may protect one spouse from the mistakes of another... |
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A tax audit may be an intimidating experience as you must be prepared to explain the nature of your income and substantiate the expenses and deductions claimed on your tax return. It is likely that the examination of one tax return may lead to other tax years being opened for audit. Additionally, in order to defend yourself, you may be required to have an extensive knowledge of the tax codes and regulations... |
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In limited situations, some clients may be unable to make any payments towards their delinquent state or federal tax bills. Furthermore, due to procedural or other circumstances, some clients might not qualify to take advantage of the offer in compromise program or the bankruptcy laws. In such situations we negotiate a temporary "hardship status" on behalf of our clients. In these situations the government backs off until the client is able to get back on their feet. |
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Revenue Officer Assistance |
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When taxpayers work with Revenue Officers, it is very important that they understand their rights. Revenue Officers have the authority to garnish wages, levy bank accounts, file Federal tax liens and even seize assets. Although Revenue Officers hold such a position of power, they must comply with statues and regulations set forth by Congress... |
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