Alternative for Tax Debt Resolution"
Your Tax Debt May be Resolved Without a Bankruptcy Alternative!
Very few experiences are as harrowing and stressful as owing
back taxes and having a tax debt that won't go away. Threatening
letters, phone calls, and unannounced visits from IRS collection
personnel can cause many a sleepless night and a dramatic
decrease in productivity. Often there is an IRS tax lien or
imminent tax levy involved. Needless to say these can be very
damaging on a credit report, as can also be the case with
filing bankruptcy as an alternative, although in some cases,
this may very well be appropriate.
The concept of tax amnesty involves bankruptcy alternatives
for removing the bonds and shackles of back tax collection
activity to allow you to once again be a free functioning
member of society. The path to tax debt resolution through
tax amnesty is knowing one's taxpayer rights and the importance
of proper timing.
There are various tax amnesty programs available to delinquent
taxpayers. One of these is an Offer in Compromise in which
a tax debtor can possibly reduce his tax liabilities (including
penalties and interest) to pennies on the dollar. I have worked
many successful offers that have put clients back on their
I have also worked with clients to successfully negotiate
tax payment (installment) plans for back tax debts on terms
that were far more suitable and convenient than those proposed
by the taxing authorities.
Another way I have assisted clients is through obtaining
relief from back tax liability through the innocent spouse
or equitable relief provisions of the tax laws. I have had
clients relieved from paying the tax of their spouses if either
they did not know about errors on the return and did not benefit
from them or by showing it was inequitable to hold them liable
for the unpaid taxes.
There are a number of bankruptcy alternatives
you can explore to achieve tax debt resolution.
Contact me for an immediate consultation