Are you looking for an El Monte Tax Attorney?
IRS debt from unpaid income taxes can affect business and personal taxpayers alike. Tax debt specialists such as El Monte tax attorney have helped clients repay their debt and stop collection activities for years. These experts know that the best way to achieve debt relief is to find a resolution program to which an individual or business can commit. Regardless of the size of the debt or the amount of available funds for repayment, hiring a tax professional to negotiate a solution with the IRS is an important step in solving tax debt problems. While we are not based in El Monte, we have been helping clients all across the country for years. It’s important to know all of your available options before you hire a tax lawyer from El Monte.
Debtors can resolve their debt through one of several repayment options offered by the IRS. Determining the most appropriate program is a service offered by tax professionals like a tax attorney in El Monte. This service includes recommendations that can be made quickly. Our tax specialists’ programs are sometimes more reasonably priced than an El Monte tax attorney. The settlements options set up by our tax experts can involve many small monthly installments, fewer large payments and other programs put in place by the IRS. These programs are available to taxpayers hiring our tax professionals as well as El Monte tax lawyers.
To accomplish a successful tax debt resolution, our tax specialists go over financial records with their clients, analyzing debts, expenses, income and other financial obligations. Once a full financial investigation has been performed, it will be clear how much money is available to repay the debt. If it is possible to pay a debt in full with one payment, El Monte tax lawyers will recommend that the debt be settled immediately. Otherwise, tax experts can suggest a plan that is tailored to an individual’s financial needs.
When debt is ignored and the IRS has begun to pursue collections, business and individual taxpayers can hire an El Monte tax lawyer with experience in settling debt before levy actions are put in place. The IRS will issue notices of their intent to collect on a debt. This is followed by a legal hold being placed on assets through a tax lien. After a lien period has expired without any debt settlement, levy actions will begin. These actions include the seizure and sale of property (including inventory in the case of business debt) and wage garnishment. Tax professionals advise their clients that unless a balance is paid or settled, collections will continue until the debt is satisfied.
While the IRS may have several methods of debt collection that can impact a taxpayer’s life, it is in the best interest of both parties to prevent this through a debt resolution program. As a fully staffed tax company, we can likely offer more resources and assistance than local El Monte tax attorneys. When choosing a tax professional, it is important to be aware that only licensed attorneys can help with the legal aspects of your case. Some IRS cases require the help of an attorney. We are not a law firm or El Monte tax attorneys, but our tax experts can explain to you what assistance you will need during your case. Our talented CPAs, tax professionals and Enrolled Agents have the knowledge and experience to help you find the answers you need. Call our office today for a free consultation and start on your way to tax debt relief!