No other collection agency is more powerful than the Internal Revenue Service. Because they’re supported by the U.S. government, the IRS can employ more aggressive tactics when collecting taxes from citizens. Certain regulations other collection agencies have to abide by simply don’t apply to the IRS.
If money is owed to them, the Internal Revenue Service has the ability to garnish wages and take your home or vehicle. It can even take more drastic measures such as shutting down your business, filing liens against you, disrupting potential employment prospects and interfering with personal relationships. Aside from being very complicated, tax laws give the IRS an advantage over citizens. If the IRS is putting significant pressure on you, it’s important you have a tax attorney on your side who understands tax laws and can help protect your rights.
If you’re having trouble dealing with the IRS, Bryeans & Garcia can help. Continue reading to find out what an IRS tax attorney can do for you.
Discharge Wage or Bank Levies
Has the IRS sent you a Notice of Intent to Levy or are you already dealing with a levy on your wages or bank account? If so, you need to act fast. These levies have can a devastating effect on your financial future. Fortunately, we have the knowledge and experience to help ease the burden levies could have on you and your family. Let us represent you when dealing with bank or wage levies imposed by the IRS.
Reduce Penalties and Interest
Do you want to settle your debt with the IRS, but can’t because the interest you’ve accrued along with other penalties are holding you back? Let an IRS tax attorney at Bryeans & Garcia work with the Internal Revenue Service to help reduce the amount of interest and penalties that are keeping your from paying off your debt.
If the IRS is having trouble recovering the money you owe them, they often resort to wage garnishment. In this situation, a certain percentage of your paycheck goes to them. For individuals on a strict budget, this can cause serious issues. Not only does wage garnishment reduce your monthly income, it could potentially hurt your relationship with your employer. If this is happening to you, we can enter into negotiations with the IRS to stop wage garnishment.
If there’s absolutely no way you can pay the IRS the money you owe them, paying in smaller installments might be a good option. This allows you to make monthly payments over a period of time, putting less strain on your bank account. The IRS Fresh Start Program now provides a number of different installment options, one of which may be perfect for your situation. An IRS tax lawyer can help you negotiate for an affordable installment plan to get you on the road to recovery.
IRS Offer in Compromise
If you’re eligible, an Offer in Compromise could be a way to reduce the total amount owed to the IRS. In this situation, you may be able to pay “pennies on the dollar” towards your IRS debt. It’s important to understand that this option isn’t available to everyone. At Bryeans & Garcia, we can analyze your finances in order to determine your eligibility. We’ll then negotiate on your behalf.
Innocent Spouse Defense
Has a current or former spouse neglected to report their income on a prior year’s tax return? If this is the case, the Internal Revenue Service could actually hold you responsible for the amount owed. If you’re dealing with this situation, we can work to absolve you from any liability due to your spouse’s mistake.
Bankruptcy as a Last Resort
When no options are available, bankruptcy may be used to discharge IRS debts you’re unable to pay. You may even be able to take care of interest and penalties. Let a trusted tax attorney help you determine if this is a good last resort for you.
Houston & Fort Worth Tax Lawyers
At Bryeans & Garcia, our attorneys help both individuals and business entities resolve tax issues with the IRS. Our tax attorneys in Ft. Worth and Houston have the knowledge and experience to provide solutions for unfiled returns and a wide range of tax penalties and liabilities.
If you’ve been contacted by the IRS about outstanding debt, contact us immediately with any questions you may have.