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If you’re having tax problems

How a Tax Attorney Can Help You Get Out from Under Your Tax Debt

tax attorney

If you owe the IRS money in back taxes, you must resolve the debt to avoid having the federal agency take action against you.  Some assessments they can enforce include: placing a lien on your home or garnishing your wages.

If you can’t afford to pay off your entire tax debt at once, a tax attorney can help you determine the best course of action to resolve your debt.  This can include: paying the debt back in installments, qualifying for an Offer in Compromise or a Currently Not Collectible Status.

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Key Insights We Will Discuss:

  1.  How to set up a payment plan with the IRS
  2. How to submit an Offer in Compromise
  3. Who qualifies as Currently Not Collectible?

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Set Up a Payment Plan

If you do not have the means to cover the entire debt you owe in back taxes, you can work with your tax attorney to request a payment plan from the IRS.  This allows you to repay the debt back in monthly installments, making it more affordable.  It also ensures the federal agency that you will make good on your debt.  Your attorney can help demonstrate your financial institution to the IRS and negotiate a financial plan on your behalf.

Offer in Compromise

There is an option to settle your  tax debt for less than what you owe the IRS.  An Offer in Compromise (OIC) allows you to pay a portion of what you owe in back taxes as full and final payment.  Not everyone is eligible for this program, so you will need to work with your tax attorney to apply for the program.  According to the IRS, you cannot qualify for this program if you can afford to pay your total tax debt. so you will need to demonstrate financial hardship.  If you cannot prove this, then your tax attorney may advise you to instead pursue a payment plan.

Currently Not Collectible

If you are experiencing financial hardship and cannot pay your tax debts, you may be able to work with a tax attorney to qualify for Currently Not Collectible Status.  Under this qualification, the IRS will agree to temporarily not collect on the tax debt.  This can help you avoid a levy, lien, or other assessment from the IRS.  To qualify for this, you will need to work with your tax attorney to prove you cannot afford to make a payment to the federal agency.

Contact an Attorney

If you owe the IRS in back taxes, call Ayar Law at 800.571.7175 to receive free, no-obligation tax advice from an experienced tax attorney.

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Executive Summary:

  • If you owe the IRS money in back taxes, you can work with an attorney to set up a payment plan
  • With the help of a tax attorney, you can try to qualify for IRS programs like an Offer in Compromise or a Currently Not Collectible status
  • Contact Ayar Law to get free no-obligation legal advice at 800.571.7175

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Venar Ayar, Esq.

Venar Ayar, Esq.

Attorney-at-Law, Master of Laws in Taxation
Principal and founder, Ayar Law

Venar is an award-winning tax attorney ranked as a Top Lawyer in the field of Tax Law. Mr. Ayar has a Master of Laws in Taxation – the highest degree available in tax, held by only a small number of the country’s attorneys.