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Petersburg IRS Tax Settlement

Most of the time, dealings with the government come with stress. This stress is even more magnified if you have to face the Internal Revenue Service (IRS) due to unfulfilled tax liabilities. Fortunately, you can better manage the situation with the help of an expert Petersburg IRS tax settlement lawyer.

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Resolving tax debts is one of the specializations of Defense Tax Partners. We have learned and practiced the effective ways of negotiating with the IRS, giving our clients more time to pay their debts and reducing their penalties as much as possible. Whether you are an individual or business taxpayer, we know how to legally advance in a way that protects you and your assets.

From achieving better installment agreements to employing methods to avoid accumulating tax debts again in the future, our legal services are guaranteed to help you regain financial freedom.

Call Defense Tax Partners at (463) 217-3855 for your Free Consultation with an Petersburg IRS Tax Settlement lawyer!

Settling Tax Debts

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As your tax debts continue to add up along with their interests and penalties, it can affect not only your financial stability but also your mental and emotional health. In order to avoid suffering the worst, work with an expert Petersburg IRS tax settlement lawyer as soon as possible.

Defense Tax Partners is the home of world-class lawyers who can help you find a manageable settlement with ideally lower monthly payments for a considerable amount of time. We will evaluate your situation and help you enter into one of the following debt-relief options, whichever suits your case better:

“Currently Not Collectible” Status

Qualifying for the currently not collectible (CNC) status of the IRS will effectively cease any collection on your tax debts. If the IRS believes that you are truly financially struggling, they can grant you this status which usually lasts for two years. However, even if the collection has stopped, the penalties and interests of your tax debts continue to accrue. The IRS will also regularly assess your finances to ensure that you’re still eligible for the CNC program.

Similarly, the Taxpayer Advocate Office (TAO) of Petersburg offers the Hardship Program, allowing you to postpone making payments for a certain period or to set up special low monthly payments.
Talk to our tax settlement lawyer today to know if you are eligible for the CNC or Hardship Program.

Filing for Bankruptcy

By filing a Chapter 7 bankruptcy, your tax debts will be evaluated to determine which are dischargeable. Through this, it’s possible to discharge part or all of your tax debts.

If, however, your debts are not dischargeable, filing for Chapter 13 bankruptcy can stop the accrual of your tax debt interests and penalties. You are then given a chance to have an installment agreement with the IRS.

To make sure you make the right choice, it’s best to talk to an experienced attorney before filing for bankruptcy.

Innocent Spouse Claim

If your spouse or ex-spouse has committed an error on your joint file return, you may be exempted from paying from the resulting liabilities. Our tax settlement lawyers can help establish your eligibility for innocent spouse relief by proving the following circumstances:

1. At the time of the tax return filing, you were not aware of the error.
2. You didn’t use or have access to the unreported income.
3. The error was made only by your spouse or ex-spouse, and it is unfair to demand payments from you for the resulting debt, penalties, and interests.
4. There is no transferred property between you and your spouse or ex-spouse as an act of fraud against the government or other parties.

Installment Agreement (with Partial Payment Plans)

Having an installment agreement with the IRS is one of the most common debt relief options for taxpayers. With our lawyer’s help, you can make the most out of this agreement and be able to pay your debts through reasonable monthly payments over an extended period.

This relief option is practically a win-win. The IRS can still have their monthly while you are given room for better financial control.

“Offer in Compromise” Program

Both the IRS and the state of Petersburg provide an offer in compromise (OIC) program. If you qualify, you can settle your tax debts by paying less than your current debt balance.

The OIC program evaluates your current financial status as the main qualification. If you have the ability to pay in full or through monthly installments, you won’t qualify for OIC. If, however, you are financially eligible, our Petersburg IRS tax settlement lawyers can help get you approved by making a reasonable offer based on your total liability and earnings potential.

Statute of Limitations

The IRS has ten years to collect all your tax debts from the date of their assessment. This means that although your erroneous return was filed years ago, the 10-year statute of limitations (SOL) begins only the moment they evaluated the error. During these ten years, the IRS won’t hesitate from practicing aggressive collection methods since your debts can be good as gone once the ten years passed.

Since there are some exemptions in the statute of limitations, talk to our tax settlement lawyers if you can use it to your advantage.

How Our IRS Tax Settlement Lawyers Can Help You

Defense Tax Partners is highly knowledgeable in both federal and state tax laws. Regardless of how much your debt is or how complicated your situation might be, our tax attorneys can handle all the legal aspects of resolving your tax debts and reducing your overall stress.

Tax Attorneys

We will organize the necessary paperwork and legally represent you during negotiations with the IRS. Rest assured, we will give you a proactive and personalized legal service, leading you to the best tax debt relief option that fits your circumstances.

We also handle other tax concerns, including the following:
1. Tax Resolution
2. Audit Representation
3. Tax Preparation
4. Tax Lien Removal
5. Offer in Compromise
6. Penalty Abatement
7. Innocent Spouse
8. Passport Reinstatement
9. Wage Garnishment Removal
10. Bank Levy Removal

Whether your problem is about your business or personal tax return, Defense Tax Partners is capable of acquiring a favorable settlement term with the IRS. Talk to us today, and we can start evaluating your situation right away!

Let’s Talk – Compassionate Legal Advice

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The best way to resolve tax liabilities and regain your financial freedom is to address your debt problems as soon as possible. Don’t wait for your debts to grow and accrue more expensive penalties than what you can handle.

By working with our Petersburg IRS tax settlement lawyers as early as you can, you can seek the most appropriate relief option and avoid seeing the IRS deplete your assets in order to pay off your debts.

Call Defense Tax Partners at (463) 217-3855 for your Free Consultation with an Petersburg IRS Tax Settlement lawyer!