Valencia Tax Resolution Lawyer

Handling Matters Federal Tax Liens to Wage Garnishments

If you or a family member has IRS tax debt problems, you are not the only one. According to 2009 statistics by the IRS, about 8.2 million Americans owed over $83 billion in back taxes. Owing back taxes can result in more problems than just owing taxes. Difficulty sleeping, anxiety, and other health problems may result, as well as marital and familial discord.

What Can a Tax Attorney Do For You?

At Financial Recovery Law, our Santa Clarita tax resolution attorneys are backed by years of experience and can guide you through a variety of tax matters.

We are prepared to help you resolve:

• Back taxes
• Unfiled tax returns
• Wage garnishments
• Liens
• Bank levies, and more

In an economy where job losses have been climbing and companies have been shutting their doors, it is becoming more common to have challenges making the consistent income needed for everyday basic living expenses. Any owed back taxes are often put on the back burner by necessity. The harsh fact is, ignoring your tax problems will not make them go away. An experienced Santa Clarita debt settlement attorney can help you now when the IRS is aggressively pursuing the compensation they want. Financial Recovery Law will be your advocate with the IRS, communicating on your behalf and negotiating a tax resolution for you.

Contact us online or call (888) 256-8581 for a free initial consultation with a Valencia tax resolution lawyer. Our services are available in English, Tagalog, and Armenian.

Does the IRS Forgive Debt After 10 Years?

Yes, the IRS forgives debt after a decade. Through the 10-Year Statute of Limitations, the IRS has 10 years to collect unpaid tax debt. After that, it is written off. However, waiting out the IRS is not as easy as it sounds. You must be prepared for all the tactics the IRS will use to collect. These tactics may get more aggressive as the the Collection Statute Expiration Date (CSED) comes closer and closer.

How the IRS Collects Taxes and What Your Options Are

The IRS has one agenda, collect the taxes you owe by any means necessary. They will use any and all tactics, including: wage garnishment, tax levies, and seizures of money and other assets. There is no need to despair, however, as the IRS have made a number of options that you can use to retire your tax debts.

There is the Installment Agreement Program allows you to pay your dues through monthly installments. There are different plans, depending on how much you owe. In addition, the Offer in Compromise allows you to pay a small portion of the taxes owned, while the remainder of the taxes are forgiven, rendering you free of any tax liability. It may also be possible to get a deferment, which will put off any IRS proceedings for a while, buying you the time to come up with needed funds.

Why Hire a Tax Resolution Attorney in Santa Clarita?

It may appear impossible to financially recover from a seemingly insurmountable problem. Our knowledgeable attorneys will do a thorough evaluation of your tax situation. We will help you determine which of these options will best work for you so that you can accomplish tax debt relief and much needed peace of mind. You do not have to deal with the strain of such a huge burden. By talking to a qualified member of our legal team, you can get the help you need to get your life back on track and lift the burden of financial worry.

Who you choose to represent you and help you negotiate with the IRS will make all the difference in the outcome of your case. At our firm, we have over ten years of experience in bankruptcy and debt relief. Your best interests are our main concern and we will fight tirelessly in order to get you the help you need. Even if you believe your case to be hopeless because you owe the government such a large sum, please do not let this stop you from contacting our team.