Madison IRS Tax Settlement
Having issues with the Internal Revenue Service is one of the most frightening financial problems any American may face in their lifetime, but it is not uncommon. If you have unpaid taxes or a notice of liens, it is understandable if you panic and feel hopeless—but you don’t have to.
Without the right legal firm to support you throughout the process, settling your tax liabilities with the IRS can be a long and bumpy ride. The right Madison IRS tax settlement lawyer can effectively handle all your paperwork, documentation, negotiations, and settlements with the authorities. All you need to worry about is whom to choose as your partner.
So when you’re facing tax issues with the IRS, you should immediately call Defense Tax Partners, a leading financial legal firm in Madison. We can handle all your IRS tax settlement issues. And the earlier we start working, the better the results can be.
We can guarantee that if you work with our Madison tax law firm, you will get highly efficient and passionate lawyers who are both aggressive in their work and compassionate in their conduct. Our Madison attorneys have extensive experience in tax law and tax settlement, with many previous clients left satisfied. We can’t wait to find the best legal solutions for your Madison IRS tax settlement case.
Call Defense Tax Partners at (310) 734-4481 for your Free Consultation with an IRS Tax Settlement Expert!
Settling Tax Debts
Tax debts are not the end of your comfortable financial life. With the right partners, you have a good chance of getting satisfactory results even from a difficult situation such as an IRS tax liability. With Defense Tax Partners’s attorneys, you’ll have expert help in drafting a payment plan or negotiating with the IRS.
With the many ways you can settle your debts with the IRS, a good attorney will help you understand and choose the right option for you.
“Currently Not Collectible” Status
If you’re eligible for a “currently not collectible” status, the IRS won’t take action involving collecting payment from you. Your lawyers can help gather, study, and present all relevant information that can serve as evidence that you are eligible for the status. You can have around a year to fix your finances before the IRS attempts to collect from you again.
Filing for Bankruptcy
There are two types of common bankruptcy claims that can get you out of tax debt. The first is a Chapter 7 bankruptcy that may result in full elimination of the debt. On the other hand, a Chapter 13 debt gives you the chance to draft a payment plan that can span a long period of time, allowing you to have a stable financial life while slowly being able to pay back your debt.
Innocent Spouse Claim
Ex-spouses of people who have IRS tax liabilities can file an innocent spouse claim and be cleared of their shared debt. We can help you find ways on how to argue that you deserve to be released from that shared debt.
Installment Agreement (with Partial Payment Plans)
One of the most common ways to responsibly pay tax debts is to apply for a steady payment plan that both parties can agree to, such as a plan that spans for months wherein the debtor will pay a fixed amount per month without interest. In some cases, the IRS allows a reduction in the debtor’s total debt to make it easier for them to pay their overdue taxes.
“Offer in Compromise” Program
This program involves the debtor paying a lump-sum payment that amounts to only a portion of the entire debt amount. This will involve convincing the IRS that the debtor does not have the ability to pay back the entire debt.
Statute of Limitations
If the situation is reasonable, we can help you use the statute of limitations to your advantage. This law sets a maximum period within which legal proceedings of a certain case may be conducted. For IRS tax liability collections, they only have 10 years since the date of their initial assessment of your financial case.
How IRS Tax Settlement Lawyers Can Help You
With our long-time experience handling various tax liability cases from many people from different walks of life, we assure you that Defense Tax Partners is the right company for your IRS tax settlement case.
We are experts in the field of federal and Madison tax law, having knowledge of the ins and outs of the system. We know how to choose the best tax settlement option for you, and we are more than happy to give you all the information you need to know to make a good decision. Your lawyers at Defense Tax Partners are dedicated to representing you effectively and compassionately.
If you ever find yourself struggling with IRS tax issues, we can definitely help you out with the following:
1. Tax Preparation
2. Offer in Compromise
3. Innocent Spouse
4. Penalty Abatement
5. Bank Levy Removal
6. Wage Garnishment Removal
7. Audit Representation
8. Passport Reinstatement
9. Tax Resolution
10. Tax Lien Removal
Our long list of satisfied clients will tell you that you can trust our passion for winning cases and our compassion for our clients. We know that tax liabilities are difficult to handle, so we offer everything we can to help those who need our services.
Let’s Talk – Compassionate Legal Advice
We offer free initial consultation sessions with our attorneys so you can become confident in our services before proceeding. We also use this opportunity to listen to your entire situation, ensuring that we don’t miss any important detail.
After having a full picture of your financial situation, we will recommend the best ways you can deal with your Madison IRS tax settlement case. Rest assured that we will use all our resources to help you throughout this challenging process.