Offers In Compromise

It is far too easy to fall behind on federal taxes. The IRS uses a variety of means to collect when a taxpayer or business falls short on paying taxes. Liens, levies garnishments and other collection efforts can have a significant impact on your financial health. As time passes, the penalties and interest on a tax debt can be daunting.

Settle IRS Debt For Less Than You Owe

Some taxpayers are able to eliminate tax debt through a complicated process known as an offer in compromise. Taxpayers who qualify for this tax debt solution are able to pay a reduced amount of the overall tax debt, often at a substantial savings to the taxpayer.

An offer in compromise is significantly different from negotiating a routine transaction. When you retain the law firm of David Coffin PLLC for guidance and representation in resolving your tax problem, you are teaming up with a highly experienced tax lawyer. Mr. Coffin has focused exclusively on IRS tax problems for more than two decades. His knowledge as a certified public accountant is a valuable asset for his clients.

Attorney Coffin will conduct a thorough analysis of your finances, assets and relevant financial obligations. An offer in compromise involves detailed analysis of your budget. Offering too much or too little to the IRS are common problems in resolving tax debt, and the calculation has many moving parts. If the government accepts an offer, the entire IRS tax balance is eliminated. Federal tax liens are released upon full payment of the offer amount. This is a great option for those taxpayers who qualify under the IRS regulations.

Contact A Trusted IRS Settlement Lawyer For A Free Consultation

Settling tax debt with the IRS is a complex solution. An experienced tax attorney who is familiar with the IRS rules and procedures is a vital protection to your peace of mind. Lawyer David Coffin is a former trial attorney for the government who is committed to helping Texans find solutions to complex IRS tax problems. To arrange a free initial consultation, call the law firm in Southlake, Texas, at 817-756-1792 or send an email using the online contact form.