IRS Payment Options
Few things can compare to the stress of receiving notice of a federal tax liability. The Internal Revenue Service has tremendous power to impose fines, penalties and collect on tax debts. An IRS collection matter can involve levies, garnishments and demands for full payment of the tax debt. Taxpayers may have many options to conquer IRS tax matters. The best first step in resolving an IRS tax controversy is to contact an experienced tax attorney.
A Tax Law Attorney Focused Exclusively On Practical Solutions To IRS Problems
The law office of David Coffin PLLC in Southlake does only one thing — helps individuals and business owners in Texas resolve tax problems with the IRS. Lawyer David Coffin is well-versed in IRS tax matters. He spent roughly half of his 22 years in the practice of law representing the IRS in federal district and bankruptcy courts. He is a certified public accountant and well-respected tax lawyer who is committed to helping Texas residents resolve tax problems with the IRS.
It is a misperception that taxpayers must always pay the full amount of an IRS tax debt on demand. There are several options to resolve past-due taxes and penalties without a lawsuit. While Mr. Coffin has extensive trial experience, he is committed to providing practical tax advice and solutions to difficult problems at a reasonable price.
Many taxpayers are able to efficiently resolve tax problems with the IRS. Resolving a tax matter without litigation can be a cost-effective way to regain financial health. When you contact tax lawyer David Coffin for advice concerning IRS payment options, he will fully analyze your financial structure, your assets and give you straightforward advice about your options.
Taxpayers may be able to resolve tax liabilities through an agreement with the IRS to pay the tax debt in installments, pay a significantly reduced amount to settle the tax debt through an offer in compromise or by obtaining a reduction or waiver of the penalties attached to the tax liability. Occasionally, the IRS will categorize a taxpayer as “currently not collectible” and not require payments if a taxpayer cannot afford payments, but keep in mind that the penalties and interest will keep growing until the full tax debt is paid or otherwise eliminated.