California And IRS Installment Plan Lawyer Serving Clients Throughout Northern California
If you owe back taxes to the IRS, don’t be too hasty in sending in financial paperwork required to set up an installment notice. Before you respond to a notice or agree to any kind of a tax workout, talk to an experienced tax lawyer.
Experienced Roseville, California, Tax Debt Installment Agreements Lawyer
My name is attorney Brian L. Coggins of Coggins Law Office, in Roseville, California. I have been helping people resolve their complex tax problems for more than seven years. Before starting my legal career, I worked for several years as a corporate tax accountant. I know what the IRS is looking for, and I know how it will use your financial information against you. If you reside or own a business in the San Francisco Bay Area or anywhere in Northern California, call my office in Roseville. I can be reached at 916-270-2895 or by submitting the convenient email contact form to arrange a free initial consultation.
Thinking About An IRS Installment Agreement For Tax Payments?
Before you agree to an installment, remember this: The IRS will try to collect every dollar it thinks it can. That is how auditors and agents are paid and promoted. Before they agree to an offer in compromise to reduce your tax liability or an easy-to-set-up installment plan under the Fresh Start program (for liabilities less than $50,000), they will check your bank account and assets. That is why it is never a good idea to send them anything. If they think you have sufficient income, savings or liquid assets, you will not be offered the best repayment terms for your financial circumstances. Turn your documents and records over to me, and I will start the conversation with them about the best possible arrangements.
For Those Who Don’t Qualify For The Fresh Start Program
If your tax liability is more than $50,000, the IRS will look at all of your assets to see which ones can be liquidated to meet your tax obligations. Once you submit your financial documents, you have given it everything it needs to follow up on your accounts, property and income assets. You may also lose out on other options to reduce your tax liabilities such as a penalty and interest abatement or moving your liability into currently not collectible status. It is more important than ever to make sure you turn your tax liability problem over to a qualified, experienced lawyer.