Providing Solutions for Tax Debt
Qualifying for Tax Relief
Are you worried about qualifying for Defense Tax Partners Financing? All of our clients automatically qualify for financing, so you can now afford expert representation and start focusing on making your life tax debt-free.
If you can’t settle the whole tax debt at one time, Defense Tax Partners will directly work with the IRS in order to negotiate the most ideal payment plan. If the IRS has burdened you with an unreasonable payment plan, or is threatening a levy on your wages, bank accounts and other assets, we can negotiate a payment strategy that’ll accommodate your current financial situation. If you qualify, we can also have your account deemed “not currently collectible”, needing the IRS to withhold every collection activity until you’re financially able to accept a payment plan or have submitted an Offer in Compromise.
Offer in Compromise
An Offer in Compromise is an agreement between a taxpayer and the government to settle a tax liability by paying less than the owed full amount, often implemented when the whole tax liability can’t be collected. The goal of the government with an offer in compromise is to get what’s collectible reasonably at the earliest time possible & incur the smallest amount of cost. There are 3 bases under which an Offer in Compromise could be accepted:
- Effective Tax Administration – Even if the IRS or State feels the tax owed is valid and that you have sufficient assets and income to pay the entire debt, the taxpayer can show that due to exceptional circumstances, it’d be inequitable and unfair to demand the tax debt’s full payment: for instance, such a collection could put your family and you on the street.
- Doubt as to Collectability – If the IRS believes that the amount owed can never be paid back, they will be willing to take a portion of what is owed.
- Doubt as to Liability – If there is doubt that the actual debt exists, the government may accept an Offer in Compromise.
If an offer and compromise are accepted, payments can be made in one of three ways:
- Cash within 90 days of approval
- Short term deferred payment plan
- Long term payment plan
The professionals at Defense Tax Partners have successfully conducted thousands of cases, and will present the best Offer in Compromise, giving you the opportunity to settle the liability for the lowest amount possible.
Abatement of Penalties and Fees
For those that have the ability to pay their tax debt in full, IRS tax penalties and interest that make up the bulk of the delinquent tax bill often are the central causes of an uncontrollable tax problem. But many IRS provisions help taxpayers in getting tax debt relief. The reasons that are most common for penalty abatement include:
- Statutory Exceptions
- Administrative Wavers
- Correction of Service Errors
- Reasonable Cause
Under reasonable cause, firstly, the IRS will evaluate the early situation thoroughly that caused the penalties. Relief is going to be granted based on reasonable cause if the taxpayer exercised ordinary prudence and business care to determine their tax obligations but can’t comply with those obligations. Other factors that could decide penalty abatement are:
- Service Error
- Natural Disasters
- Incorrect Advice from Service
- Incorrect Advice from Tax Advisor
- Loss of Household Provider
- Serious Illness
- Unable to Obtain Records
If you qualify, we can help you get all or some of your interest and penalties removed, or even directly get refunds from the IRS.
When the State or IRS has failed to collect taxes repeatedly, they start to seize assets. This process’s called a “levy.” The taxing authorities could seize bank accounts legally, assume title on vehicles, take control of property for auction, and demand payment from accounts receivable. Virtually anything valuable can be seized to complete the outstanding debt.
At Defense Tax Partners we understand how hard you have worked for your money, your possessions & your family’s security, and we’ll react instantly to block or remove seizure of your assets. In many cases, Defense Tax Partners can get a levy or lien released in approximately 48 hours.
When the State or IRS has failed to collect taxes repeatedly and they attach wages, it’s termed as wage garnishment. Garnishment rules differ, but a portion of your paycheck will be taken by the IRS at each pay period and apply the amount garnished to your outstanding tax debt.
Having your wages garnished is a stressful and financially debilitating experience. Defense Tax Partners’s team of attorneys will immediately contact the IRS in an effort to release your wages from garnishment, and then structure a solution to solve the underlying tax liability—whether that’s an Offer in an Installment Agreement, currently non-collectable, Statute Expiration, or in Compromise.