Tax Debt Lawyers

Helping Clients Seek Tax Debt Relief

Dealing with the IRS can be intimidating, especially if you’re worried you’ll face jail time, wage garnishment, and other major consequences if you don’t pay your tax bill in full. Fortunately, this isn’t usually the case, as the IRS tends to be willing to compromise as long as you contact them and explain your inability to pay. That being said, it’s best to have an experienced tax attorney by your side to ensure you’re aware of all of your legal options regarding tax debt relief.

If you’re burdened by tax debt and feel ready to get help from skilled Illinois tax attorneys, come to Atlas Law Center. Over the years, we have helped countless debt-ridden individuals break free from the shackles of debt through various legal channels. Our Chicago consumer lawyers will work diligently to deliver the results you need, so call us today to schedule a free consultation with our caring tax lawyers.

What Legal Options Can a Tax Debt Lawyer Assist You With?

Our Chicago tax attorneys have spent years assisting clients with a variety of tax problems, so you can count on us to handle your tax issue with ease. We know how to communicate with the IRS to get the results you want, which might include reducing your tax debt, getting more time to pay the total, or getting rid of costly tax penalties, to name a few common desired outcomes.

Our skilled tax lawyers have a full suite of strategies to get tax debt relief for our clients, so you can expect us to use the one that we believe will work best based on your circumstances. Some of the ways our tax attorneys can tackle tax debt for clients include:

Mediation
Installment payment plans
Offer in compromise
Innocent Spouse Relief
Penalty abatement

Once our tax lawyers review your situation, we can suggest the most suitable course of action for you, so we encourage you to contact us today to get started on your case. We can also be of assistance to you if you are experiencing creditor harassment or have negative errors on your credit report. Our post-discharge program was created to protect the rights of our clients, and we can file a lawsuit on your behalf to settle your debt case once and for all. Call today to schedule your free consultation with an experienced tax attorney in Chicago.

What Is an Offer in Compromise?

If you can afford to pay a portion of your tax debt but not the whole amount, you should consider the advantages of an offer in compromise. With this strategy, you’d offer to pay the IRS an amount you can afford, which is typically much less than the total. If the IRS accepts your offer, you will pay the agreed-upon amount, at which point you’ll have relief from your tax debt.

An offer in compromise is a negotiation, so the IRS doesn’t have to accept your offer to pay a lower amount. When making this decision, the IRS will consider your income, expenses, asset equity, and your overall ability to pay without resulting in financial hardship. If they determine that the amount you offer is the most they can expect to get from you, they’re likely to approve your request.

Note that you won’t be eligible for an offer in compromise if you’re in the middle of a bankruptcy case, were late filing your most recent tax returns, or are behind on any required estimated payments. If you’re unsure if you qualify for an offer in compromise or want to find out if this is the best option for the tax relief you seek, contact our Chicago tax law firm to speak with a trusted tax attorney.

How Do IRS Installment Agreements Work?

If you want to resolve tax debt but cannot pay the total at one time, you may be eligible for a payment plan. Short-term payment plans let you pay your debt a little at a time over the next 180 days. This type of plan is free to set up, but you’ll owe penalties and interest until you’ve paid in full.

If you need more than 180 days to pay your IRS tax total, a Chicago tax lawyer can help you apply for an installment agreement that lets you pay monthly. There are a few types to choose from, including the following:

Automatic: You may be eligible for this plan if you owe $10,000 or less from the last five years, have never had an IRS tax installment agreement before, and can pay your IRS debt within 36 months
Streamlined: This plan lets you make payments on your IRS debt for 72 months without disclosing your financial situation, and you can usually qualify if you owe $50,000 or less and have never had an IRS tax installment plan before
Partial pay: This plan lets you make monthly payments based on what you can afford, and the payments can be adjusted up or down over the years depending on your income. In most cases, the ten-year statute of limitations will run out before you pay off the total, so you’ll likely only have to pay a partial amount of what you owe
Nonstreamlined: You might qualify for this plan if you owe $50,000 or more and are willing to provide your financial information to determine the amount you can afford to pay over 84 months

If you’re interested in any of these payment options, let a tax attorney guide you toward the right one based on the amount you owe and what you can afford to pay. At our Chicago tax law firm, our tax debt relief attorneys are eager to ensure clients understand the tax laws and can successfully resolve tax disputes with our assistance. Call our Illinois law firm today to speak with caring tax attorneys.

How Can Illinois Tax Debt Lawyers Help You?

If you’re losing sleep over your tax-related matters, let Atlas Law Center come to your rescue with solutions for nearly any type of tax dispute you’re struggling with. Whether you’re concerned about tax audits, bank levies, wage garnishments, or other complex tax issues, our Chicago tax relief attorneys are here to help.

We can assist with negotiating the amount you owe, setting up an installment agreement, applying for an offer in compromise, and more. You deserve to get a tax resolution that lets you stop worrying about your tax issue for good, and we believe our tax professionals can offer this. Call 331-321-4748 for a tax attorney consultation at our Chicago law firm.