The IRS may send you a notice to pay past due taxes, penalties, and interest. It is imperative that you contact a Tax Debt Attorney to get the help you need. The legal fees for a tax debt attorney vary and should be discussed with the tax lawyer before hiring. You may find that the legal fees are affordable and that you do not need to spend too much money to get the help you need. Additionally, some attorneys offer free consultations so that you can decide if it is worth it or not before you make a payment. Visit https://www.indianataxattorneys.net/tax-debt-attorney-gary-in/ to know more details.
A Tax Debt Attorney has access to key financial data about your case. They can provide you with a free initial consultation by phone or email and answer questions via video chat. You won’t have to travel, either. You can even send your supporting paperwork electronically, while the original documents can be mailed to the law firm. In this way, you don’t have to worry about missing any important documents. Your Tax Debt Attorney will be able to explain your legal options to you and help you get back on your feet financially.
There are several options for tax debt settlement. One of the most common options is an offer in compromise, which allows you to settle your debt for less than what you owe. The IRS will accept an offer if you have a financial hardship that makes it difficult to pay the full amount. If your budget can’t accommodate a high payment, the IRS will likely reject the offer. You can also negotiate with your attorney. If the IRS sees that you can’t afford to pay in full, you can get a reduced amount, which may be acceptable.
While filing for bankruptcy is the most common option for taxpayers facing a tax debt, there are other options available. If you want to avoid foreclosure, the IRS may allow you to file for an offer in compromise. If you can’t make the full payment, you can settle your debt with the IRS through this method. However, if you don’t want to file bankruptcy, you should hire a tax debt attorney. They will be able to negotiate an agreement with the IRS and reduce the amount of tax you owe.
You should consider the fees of a tax debt attorney. While most lawyers are reasonable, you shouldn’t choose based on price alone. The IRS has extensive resources to collect money. Rather than being afraid of an IRS officer, you can trust an experienced tax debt attorney to protect your interests and your rights. If you’re unsure of what to expect, don’t worry. You can contact a reputable lawyer to get more information.