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IRS TAX ATTORNEYS

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Ripon IRS Tax Settlement Attorney

Owing money to the Internal Revenue Service (IRS) is a status you shouldn’t maintain for a long time. The longer it takes for you to pay your tax debts in full, the heftier your penalties will get. And if you fail to make payments over an extended period, you might even witness the IRS take your assets away.

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This is why Defense Tax Partners is here to offer our top-notch legal services.

Our Ripon IRS tax settlement lawyers can guide you through the various tax debt relief programs that you may utilize. We will help you apply for the most suitable program depending on your financial status and unique circumstances.

From assessing your tax debt situation to preparing the necessary documents and negotiating with the IRS on your behalf, our tax settlement lawyers can provide all the legal assistance that you need.

Call Defense Tax Partners at (414) 441-1407 for your Free Consultation with a Ripon IRS Tax Settlement lawyer!

Settling Tax Debts

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The increasing amount of your tax debts—plus the penalties and interests—can put not only your financial freedom at risk but also your social, mental, and emotional status. If circumstances don’t allow you to fully satisfy your outstanding tax liabilities right now, our Ripon IRS tax settlement lawyers will gladly help you find another way.

Some of your options include applying for the following:

“Currently Not Collectible” Status

If you can prove to the IRS that you can’t possibly pay your tax debts at the moment, your account may be put under the currently not collectible (CNC) status. This means that the IRS will temporarily stop its collections on your account since your wage only covers your basic expenses, and you have no assets that are worth levying.

Also, the CNC status can only put a hold on the debt collection but not on the accrual of interests and penalties. The IRS will also conduct an annual assessment of your finances to ensure that you’re still eligible for the CNC status.

Filing for Bankruptcy

Filing for bankruptcy can eliminate tax debts, but it won’t work for everyone. Chapter 7 bankruptcy, for example, is for those whose tax debts are classified as dischargeable. All or part of their tax debts will be eliminated once they file for Chapter 7 bankruptcy.

On the other hand, Chapter 13 bankruptcy is for those who can’t discharge their tax debts. Filing for this type of bankruptcy can cut some of your tax penalties and allow you to pay your debt through the Chapter 13 repayment plan.

Innocent Spouse Claim

If you filed a joint tax return with your spouse or ex-spouse that contained erroneous information and resulted in tax liabilities, you might apply for an innocent spouse relief if the error was committed without your knowledge.

Separation of liability relief and equitable tax relief are two other provisions for couples with joint tax return problems. These options with the Innocent Spouse programs can get confusing with their eligibility requirements, so it’s best to ask us for help.

Installment Agreement (with Partial Payment Plans)

Setting up an installment plan with the IRS is inarguably the most frequented debt relief option for taxpayers. This option can be beneficial for both parties, especially for you.

This will allow you to slowly pay your debt in full through reasonable monthly installments, preventing the IRS from resorting to their aggressive collection methods. Also, the IRS will be glad to get what they’re due, even if it will take a while.

“Offer in Compromise” Program

If you’ve proven that you can’t pay off your full tax debt even through installments, the IRS may accept an offer in compromise. This means that you don’t have assets or enough income to pay your debts and, with no other way of payment, you have the chance to offer a payment that is only a small percentage of your actual debt balance.

Lots of people who are approved to settle through an offer in compromise end up paying less than 20% of what they owe. Needless to say, this option can give you significant savings if it’s done right.

Statute of Limitations

The IRS only has ten years from the date of their assessment of your account to collect all your tax debts. If you still have an outstanding tax bill despite their collection efforts after ten years, this balance will be terminated. However, there are a few exceptions, so it’s best to talk to our tax settlement experts before assuming your tax debts are cleared.

How Our IRS Tax Settlement Lawyers can Help You

Knowledgeable and experienced both in federal and state tax laws, Defense Tax Partners can help you address all kinds of tax-related issues that you’re facing. Our Ripon IRS tax settlement service has even helped numerous taxpayers already, giving them an easier way of resolving their debts and guiding them towards financial stability.

Tax Attorneys

Aside from providing tax debt relief, we also offer our legal services for other concerns like dealing with tax audits and tax fraud accusations. Whether you need us to organize essential paperwork, negotiate with tax authorities, or defend you during hearings, our tax lawyers are your best ally as you face the IRS and the Wisconsin Department of Revenue.

Here are other tax concerns we can help you with:
1. Tax Resolution
2. Audit Representation
3. Tax Preparation
4. Tax Lien Removal
6. Penalty Abatement
8. Passport Reinstatement
9. Wage Garnishment Removal
10. Bank Levy Removal

Whether your problem is with your tax return or with a much more complex corporate tax issue, trust our lawyers to lead you to the most favorable outcome possible for your case.

Let’s Talk – Compassionate Legal Advice

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Is paying your tax debt in full close to impossible? Is your tax debt accruing huge amounts of penalties and interests?

Are your properties close to getting levied by the IRS? Talk to our tax settlement experts and seek help on how to resolve your debts right away!

Call Defense Tax Partners at (414) 441-1407 for your Free Consultation with a Ripon IRS Tax Settlement lawyer!