When it comes to collection agencies, none is more aggressive and powerful than the Internal Revenue Service. Better known as the IRS, this agency operates as a means to collect tax payments in the United States. And because it’s backed by the might of the United States Government, rules and regulations followed by other collection agencies simply don’t apply when it comes to the IRS.
The IRS can take your home — even your homestead. It can take your car. It can garnish your wages. It can file liens. It can close down your business, damage your employment prospects, and even harm your personal relationships. U.S. Tax Law is extremely complex and is designed to benefit the IRS, so if the agency is breathing down your neck, it’s important to find a team who knows how to take them on.
Read on to learn more about how Bryeans & Garcia can help you against the IRS.
Release of Wage or Bank Levies
A wage or bank levy can leave you financially devastated if you do not take immediate action. Whether you have received a Notice of Intent to Levy or you are currently under a wage levy or bank levy, we can help solve your tax problems and financial woes. With skill and experience, our attorneys can represent you in dealing with IRS levies on your wages and bank accounts.
When the IRS is unable to recover what you owe, it can take a number of actions. One of those is wage garnishment, where the agency siphons funds directly from your paycheck. This lowers your pay and can sometimes jeopardize your relationship with your employer, who must comply with the request. We can negotiate with the IRS to end your wage garnishment.
Reduce Penalties and Interest
You may wish to pay the IRS what you owe, but the penalties and interest are preventing you from ever catching up on your payments. We can work with the IRS to reduce the penalties and interest you’re charged so you can start reducing your tax debt.
Installment Agreements & IRS Fresh Start Program
If you owe money to the IRS, but cannot pay it all right away, we can help you determine if an installment agreement is right for you. An installment agreement allows a taxpayer to pay his or her liability over time in convenient monthly payments. There are new exciting programs under the IRS Fresh Start Program that offer different types of installment agreements that might work for your personal situation. Let our attorneys help you negotiate the most affordable payment plan for you.
IRS Offer in Compromise
With an Offer in Compromise, sometimes you only pay “pennies on the dollar” on your tax debt. Not all taxpayers are eligible, but an Offer in Compromise will allow you to pay less than what you actually owe. We will perform a thorough financial analysis to determine your eligibility for an Offer in Compromise and will then negotiate with the IRS on your behalf.
Innocent Spouse Defense
If your spouse, or a former spouse, failed to report income on a prior tax return, the IRS can hold you both responsible for the past due amount. We work with you to ensure you’re not liable to repay the IRS for your spouse’s error should collection action be brought against you both.
A last resort, bankruptcy is used to discharge debts you’re unable to pay. Bankruptcy can be used in some cases to eliminate IRS debt, along with penalties and interest. We can help you explore this option to see if it’s right for your situation.
Houston & Fort Worth Tax Lawyers
Our offices in downtown Fort Worth and Houston routinely and successfully resolve tax problems with the Internal Revenue Service for individuals and businesses, as well. You can trust our experienced team of tax lawyers to assist you with unfiled tax returns and all types of unpaid tax liabilities and penalties.
If the IRS has contacted you, contact us today and one of our experts will be glad to answer your questions or concerns.