#IRS Tax lawyer

[taxadvisory1234]

Best advisory firm - Our team is here to help create the right road map for you so that you can achieve your financial goals and plan for a secure future you deserve. Contact and our office today for help with your accounting needs!

[shareyourideas]

Back Tax Help

[delicatefury]

Look. While i only did tax law for like, 6 months, I can tell you that 95% of the problems I saw were from people using TurboTax. (The other 5% were either an ex-spouse committing fraud or a senile CPA.)

I have just enough complications in my file that I use H&R Block. There’s a free option, a state filing fee, and 2 more advanced options. All in all, not bad.

But do not use TurboTax

[legal-poppy]

reading tax law cases about employers giving "gifts" to employees then deducting the gift as a business expense is really making me worry about all the "gifts" i received at my last job

[sadanseo]

Unlocking the Secrets to a Successful Free Consultation with a Tax Attorney

It can be challenging for both people and businesses to understand the tax rules. If they offer free consultations, talking to a tax lawyer can help you understand your case better. It would help if you made the most of your first meeting with your tax professional. It can also help you build a good business relationship. Prepare for your meeting with free consultation tax attorney by reading this. Then, know what to expect and how to follow up.

Getting ready for the meeting

You should be ready for your meeting with free consultation tax attorney so that it goes well. First, get all the essential papers you need together. These include your tax returns, any notes from the tax people, your financial records, and any letters that have anything to do with your tax problems. Make it easy to find these papers during the meeting by putting them somewhere handy. Also, make a list of all the specific concerns and questions you have about your money. This will help you cover all the essential topics in the meeting.

It's also a good idea to learn a little about the tax lawyer you want to meet with. Find out what they do best, how long they've been in business, and if they have any reviews or suggestions from past clients.

Finding out the meeting's purpose

During the free consultation tax attorney meeting, must look at your case and figure out how they can help you. It's important to know exactly what this first meeting is going to be about. Sometimes, the lawyer will look over the papers you brought and ask your questions to understand your tax problems fully. They will then offer ways to fix them. If you hire them, they might give you some tips and talk about what to do next.

But keep in mind that a free meeting will only solve some of your tax issues right away. You and the lawyer can get to know each other and see if their skills and personality are a good fit for your needs.

Good Communication Skills

For the meeting to go well, everyone needs to be able to understand each other. Telling the lawyer things they need to know can hurt their ability to help you, so be honest and give them everything they need. Pay close attention to what the lawyer says, and be clear about what you want and what hurts you. You can remember things better after taking notes in the meeting.

If you need help understanding something, ask for more information. Before you leave the meeting, make sure you know what to do next. Ask the lawyer how much they charge and how they handle payments. You should also ask if they are available and what their favourite ways of getting in touch are.

Conclusion

You can talk about your tax problems and figure out what to do by talking with free consultation tax attorney. For this first meeting to go well, you should thoroughly prepare, know what the conversation is about, speak clearly, and follow up carefully. No matter if you hire a lawyer or not, the knowledge you get from a good meeting can help you understand the complicated world of tax law.

[lexingtontaxgroup]

🌟 Navigating Tax Debt: Insights from CEO Adam Hastie 🌟

Hey Tumblr community,

I hope this message finds you well. Today, I want to address a topic that affects many of us: tax debt. As the CEO of Lexington Tax Group, I've seen firsthand the impact that IRS tax debt can have on individuals and families. That's why I'm here to share some valuable insights and resources with you.

If you're feeling overwhelmed by tax debt, it's essential to know that you're not alone. Many people find themselves in similar situations, facing uncertainty and stress. However, there are options available to help ease the burden and provide relief.

At Lexington Tax Group, we specialize in guiding individuals through the process of qualifying for hardship programs. These programs, such as Offer in Compromise (OIC), Installment Agreements, and Currently Not Collectible (CNC) status, are designed to offer financial assistance and create manageable pathways towards tax debt resolution. Our dedicated team is here to provide personalized support and expert guidance every step of the way.

Whether you're considering an Offer in Compromise, an Installment Agreement, or another hardship program, we're here to help you navigate the complexities of the IRS system and find the best solution for your unique situation.

Our services extend beyond just IRS tax debt relief. We also provide assistance with Innocent Spouse Relief, IRS Fresh Start Initiative programs, penalty abatement, tax debt negotiation, and more. Our goal is to empower you with the knowledge and resources needed to achieve financial freedom.

To learn more about how Lexington Tax Group can assist you, visit our website at www.LexingtonTaxGroup.com or give us a call at 800-328-8289. Our team is ready to provide the support and expertise you need to move forward with confidence.

Remember, there's always hope, even in the face of tax debt. Together, we can overcome this challenge and build a brighter financial future.

Wishing you peace of mind and prosperity,

Adam Hastie CEO, Lexington Tax Group

[texastaxattorneys]

How to Negotiate an IRS Tax Settlement: A Step-by-Step Guide

 Navigating the complex landscape of IRS tax settlements can be daunting, but with the right strategies and preparation, you can successfully negotiate a settlement that alleviates your financial burden. This guide will walk you through the essential steps to negotiate an IRS tax settlement effectively.

Understand Your Tax Situation

Before you initiate any negotiation, it’s crucial to have a clear understanding of your tax situation. Gather all relevant documents, including tax returns, notices from the IRS, and any correspondence regarding your tax debt. This will help you accurately assess the amount owed and the specifics of your case.

Explore Your Settlement Options

The IRS offers several options for settling tax debts, each with its own eligibility criteria and application process. The most common options include:

Offer in Compromise (OIC): This allows you to settle your tax debt for less than the full amount you owe. To qualify, you must demonstrate that paying the full amount would create financial hardship.

Installment Agreement: If you cannot pay your tax debt in full, you can request a payment plan. This allows you to make monthly payments over an extended period.

Currently Not Collectible (CNC) Status: If you can prove that you cannot pay your tax debt without causing severe financial hardship, the IRS may temporarily delay collection.

Understanding these options will help you determine which is best suited to your financial situation.

Prepare Your Financial Information

To negotiate effectively, you need to provide a comprehensive picture of your financial situation. This includes detailing your income, expenses, assets, and liabilities. The IRS will scrutinize your financial statements to determine your ability to pay. Be thorough and honest in your documentation to avoid complications during the negotiation process.

Submit the Appropriate Forms

Depending on the settlement option you choose, you will need to submit specific forms to the IRS. For example, if you’re applying for an Offer in Compromise, you’ll need to complete Form 656, along with Form 433-A (OIC) or Form 433-B (OIC), depending on whether you’re an individual or a business. For an installment agreement, you’ll need to submit Form 9465. Ensure all forms are filled out accurately and completely to avoid delays.

Make Your Initial Offer

When making an offer to the IRS, whether for an OIC or another settlement option, be realistic and reasonable. The IRS is more likely to accept an offer that reflects your true financial capacity. Lowball offers are often rejected, so carefully calculate what you can afford to pay without compromising your essential living expenses.

Communicate Effectively

Clear and open communication with the IRS is essential throughout the negotiation process. Respond promptly to any requests for additional information or clarification. If negotiating an OIC, be prepared to explain any special circumstances that justify your offer. Professionalism and transparency can significantly influence the outcome of your negotiation.

Seek Professional Assistance

Negotiating with the IRS can be complex and intimidating. Consider hiring a tax professional, such as a certified public accountant (CPA), enrolled agent (EA), or tax attorney, who specializes in IRS negotiations. These professionals can provide expert advice, help prepare your documents, and represent you in discussions with the IRS.

Follow Up and Stay Compliant

Once you’ve submitted your settlement proposal, follow up regularly to track its progress. If your settlement is accepted, ensure you adhere to all terms and conditions. This includes making timely payments if you’re on an installment plan or complying with any other requirements stipulated by the IRS.

Negotiating an IRS tax settlement requires careful preparation, clear communication, and a thorough understanding of your financial situation. By following these steps and considering professional assistance, you can navigate the process more effectively and work towards a resolution that mitigates your tax burden. Remember, proactive and informed action is key to achieving a successful settlement with the IRS.

[sadanseo]

How To Choose Best Tax Relief Services

Many people find tax season stressful due to tight schedules, difficult paperwork, and the prospect of costly fines or losing money. Bad luck may have caused someone to fall behind on their taxes in the past few years. Interest and fines can make them feel lost as they add up quickly.

A lot of people are trying to get their back taxes done now that it's tax season again. Luckily, tax help services are available to assist you. If you owe a lot of money to the IRS, these companies may be able to help you settle your tax debt and make payments that are easier on you. These tips will help you choose best tax relief services.

Check their qualifications

Only some tax relief services are the same when it comes to skill and dependability. Some of them are run by very qualified people, like certified public accountants or tax lawyers, who have gone through a lot of training and are strict about how they handle tax problems. Some people may have tax experts who aren't very good at what they do, but they could still be helpful sometimes.

To find the best tax relief service for you, make sure the company has tax experts with a lot of experience who know how to deal with challenging cases. Most of the time, you will have to talk to the IRS in order to get tax help. Having tax lawyers with a lot of knowledge on your side can help you get a good result.

Compare their services

Tax relief services can offer a range of services. More prominent companies, for example, offer "full-service counsel," which means they file absent returns, arrange agreements, set up payment plans, and, if needed, handle appeals. Some businesses focus on a few primary services, like bargaining or payment plans, rather than several.

Each person has different needs and wants, so neither is always the best choice. First, figure out how much help you need based on how complicated your back taxes are. This will help you find the best fit. Then, start narrowing down your options.

Get free consultations

Many times, tax relief services that people trust will let people who want to lower their tax debt talk to someone for free. After that, they can look at your unique tax issues and decide if they can help you. After that, you can choose if the service meets your wants.

When you meet with the company for free, you can ask them how they handle tax debt, learn about their pricing, and get clear information about their fees. You can also use what you learn at these meetings to decide if you like their style and way of doing things.

Conclusion

If you can't pay your back taxes and need help knowing what to do next, an accurate tax aid service can save your life. You can get back in charge and find a way to become legal if you hire the right people to defend you. If you think your tax debt is too much to handle, the above tips might help you find good tax relief services that can help you get your finances back on track.

[arizonataxattorneysmesa]

Do You Qualify for an Offer in Compromise? Understanding IRS Tax Settlement Criteria

 Navigating the labyrinth of IRS tax settlements can be daunting, especially when you owe more than you can afford to pay. An Offer in Compromise (OIC) presents a viable solution, allowing taxpayers to settle their tax debt for less than the full amount owed. However, not everyone qualifies for this program. Understanding the IRS criteria for an OIC is crucial in determining your eligibility and enhancing your chances of approval.

What is an Offer in Compromise?

An Offer in Compromise is a program offered by the IRS that enables taxpayers to settle their tax liabilities for less than the full amount they owe. The IRS considers it a last resort when it’s evident that the taxpayer cannot pay the full debt or doing so would create financial hardship. The primary goal is to collect what is potentially collectible at the earliest possible time, providing a fresh start to taxpayers struggling with tax debt.

Eligibility Criteria for an Offer in Compromise

To determine if you qualify for an OIC, the IRS considers several factors, including your ability to pay, income, expenses, and asset equity. Here are the key criteria:

Current Compliance: You must be current with all filing and payment requirements. This includes filing all required tax returns and making all estimated tax payments for the current year. Additionally, if you are self-employed, you must have made the required federal tax deposits for the current quarter.

Inability to Pay: The IRS evaluates whether your total payment potential, based on your income and assets, is less than the amount owed. They use a formula to calculate your Reasonable Collection Potential (RCP), which includes the value of your assets and future income.

Financial Hardship: Demonstrating that paying your full tax liability would cause financial hardship is essential. This involves providing detailed financial information, including bank statements, pay stubs, and expense records, to prove that you cannot afford to pay the full amount.

Compliance with Terms: If you have a history of non-compliance, the IRS may be less likely to accept your offer. Consistent adherence to tax laws improves your credibility and chances of approval.

Types of Offers in Compromise

There are three main types of offers in compromise:

Doubt as to Collectibility: The most common type, where the taxpayer cannot fully pay the tax debt.

Doubt as to Liability: Applicable if there's a legitimate dispute over the existence or amount of the tax debt.

Effective Tax Administration: Even if you can pay the full amount, if doing so would cause economic hardship or be unfair and inequitable, you might qualify under this category.

Steps to Apply for an Offer in Compromise

Complete the Forms: Fill out Form 656, Offer in Compromise, and Form 433-A (OIC), Collection Information Statement. These forms require comprehensive financial information.

Submit Your Application: Include the application fee (currently $205) unless you qualify for a low-income waiver. Also, make an initial payment with your application unless you opt for the low-income waiver.

Provide Supporting Documents: Attach supporting documents such as pay stubs, bank statements, and other financial records to substantiate your financial situation.

Await IRS Decision: The IRS will review your application, which can take several months. During this period, they may request additional information or clarification.

An Offer in Compromise can be a lifeline for taxpayers overwhelmed by tax debt, but qualifying requires meticulous adherence to IRS criteria and comprehensive documentation of your financial situation. By understanding the eligibility requirements and ensuring full compliance, you can enhance your chances of achieving a favorable resolution with the IRS. If you're uncertain about your eligibility or need assistance with the application process, consulting a tax professional can provide invaluable guidance and support.

[sadanseo]

A Brief About Tax Settlement Services?

The Income Tax Act created the quasi-judicial Income Tax Settlement Service. Forming Tax settlement services aims to resolve tax obligations in complex situations without requiring protracted and unending litigation. Under some set guidelines, the taxpayer may contact the ITSC while pending assessment procedures. Tax and interest on excess income revealed before the ITSC must be paid to apply. An IRS-taxpayer agreement to settle the outstanding debt for a percentage of what is owed is a tax settlement. In this article, we will discuss Tax settlement services.

Tax settlement operates

Essentially, the taxpayer engages a tax relief company to handle the footwork on their behalf or sends the IRS the necessary forms and documentation to obtain a settlement. The latter is usually the best choice because the OIC application procedure calls for you to fill out and submit several forms that people who are not tax experts may find complicated. Ensure your initial payment is contained with the paperwork before the IRS reviews your request. One of the following is your option:

• A lump sum cash offer:

Send in twenty per cent of the settlement sum you suggest. If the IRS approves your OIC, you must make five or fewer instalments of the remaining amount.

• Offered Periodically:

Just send in the amount of each monthly payment suggested in your OIC.A rejection of your application may follow from any mistakes or omissions. The IRS will also require strong justification for granting your OIC request; if they think you can afford to pay your outstanding taxes in full, you should anticipate being turned down.

Available Tax Settlement

You might be eligible for Tax settlement services if you've filed all legally required tax returns and aren't engaged in bankruptcy procedures. According to the IRS, you must also be up to date on your anticipated tax payments for the current year. Should you be an owner of a business applying for an OIC, you must have paid all of your federal tax deposits for the current quarter. Beyond the basic qualifications, the IRS demands that you fit into one of these groups:

• In doubt about Liability:

Your tax obligation was assessed inaccurately because the IRS misinterpreted the tax code or did not examine any supporting documentation you provided.

• Successful Tax Management:

If paying your tax bill would be unreasonable, unfair, or extremely difficult financially, you might demonstrate to the IRS that you are dealing with exceptional circumstances. Many people and companies who attempt to go through the intricate procedure independently have difficulties and frequently get turned down. Consider working with a seasoned Tax settlement services to see if an OIC suits you. They can also help you with the application procedure and ensure the necessary submissions go through the proper channels.

Conclusion

Tax settlement services function as tax problem solvers. They collaborate with the IRS and you to identify a mutually agreeable solution. Whether arranging a payment schedule or negotiating a reduced payment, these services can lessen the strain of handling tax obligations. So, if you're feeling overburdened by taxes, consider contacting a tax settlement firm to see if they may assist you.

[lawfirm-elixir]