When you’re struggling to make the mortgage or property tax payments, it’s time to get in touch with a Tax Debt Attorney in Mayfield, KY. These professionals specialize in handling cases involving liens, which can quickly become a tax levy and seize all of your assets. An attorney can work to resolve the issue quickly and efficiently. Having an attorney on your side can save your home and credit. In addition, they can help you resolve any pending tax issues.
If your income is low, you may be able to request a deferment. This will delay the collection and enforcement activities of the IRS for a period of time, so you can make your payments over time. However, you should know that this isn’t a permanent solution. Instead, it buys you time to recover your finances. By retaining a Tax Debt Attorney, you can avoid the high fees of an IRS agent and get the help you need.
While IRS employees and agents are not trained to deal with personal tax issues, an attorney has specialized training and experience that can help you with your tax debt. These professionals have studied the IRS’s policies and procedures and know how to best represent their clients. In addition, an attorney will be able to negotiate with the IRS on your behalf. Whether you’re looking for a compromising program, a payment plan will make things easier.
There are three main ways to settle your debt. One option is an offer in compromise, which is a payment plan in which you agree to pay a reduced amount than the amount owed. The IRS will not collect the debt for up to two years, but if you can make your payments over that time, you’ll likely have an agreement that will allow you to pay less than you originally owed. This option has many benefits, but it’s important to seek legal advice before you decide to settle.
Regardless of your income level or experience level, a Tax Debt Attorney can help you negotiate the right repayment plan. Having an attorney on your side can make the process a smoother and more efficient one for everyone. Whether you have a simple tax dispute or an intricacies, an attorney will provide you with the guidance you need to fight the IRS. And you’ll be able to get a fair outcome.
Another way to settle your tax debt is to try an Offer in Compromise, which involves you offering to pay a portion of the debt in exchange for a reduced amount. To qualify, you need to have a history of demonstrating inability to pay your tax debt. Otherwise, you’ll be faced with wage garnishment and property liens. The IRS is notorious for aggressive collection practices, so an attorney can help you work out a plan that works for you.
Many taxpayers don’t realize that they may have a solution to their tax debt. The IRS offers a variety of solutions, so it’s important to choose the one that works best for you. One such solution is a “compromise settlement.” A compromise settlement may allow you to pay a portion of what you owe while not being forced to pay more. This requires a lot of convincing and negotiation skills on the part of your Tax Debt Attorney.