Are you looking for a Brea Tax Attorney?
Have you received notices of tax debt collection from the IRS? Are you a resident of the Brea area? You may have searched for help from a locally based Brea tax attorney. While this is a common reaction to tax debt, it is not necessarily the best plan for each individual. Sometimes, finding a more affordable solution through a professional tax company can still grant you the best quality of service available. Our tax professionals can use their significant experience and resources to make sure that your tax case is handled properly from start to finish.
To help an individual get into a tax debt resolution plan that is within their means, it is important to hire a professional tax company that has the tools necessary to determine your eligibility for IRS settlement programs. Rather than seeking a local Brea tax attorney, you can get help from a skilled national tax debt company. Our headquarters are not located in Brea, but we have helped thousands of clients across California and the United States to recover from their IRS issues. Checking all of your options before you hire a Brea tax lawyer will help you make sure you’ll get the right person handling your case.
Taxpayers facing liens or levies from the IRS should call a tax professional today for help. Collection efforts are the result of ignored debt from unpaid back taxes. To get tax collection to stop, the IRS wants to see that an individual is willing to repay their debt, even slowly over time. There are many options for debt settlement. Any taxpayer with the opportunity should settle their debt before a tax lien or levy is placed. For assistance with removing any of these collection methods, tax professionals recommend making a plan for as quick a repayment as the taxpayer’s income and expenses will allow. These tax experts can make recommendations about plans quickly. Some may involve small installments on a monthly basis and others require larger payments on a shorter time frame.
In any tax debt collection case, it is important to protect yourself from future problems. For this reason, it is crucial to hire a tax professional that cares about the outcome of your situation. Additionally, everyone should be aware that attorneys are the only people who can give you legal counsel. Lawyers are important in consulting on IRS matters. Tax professionals, however, have received the training necessary to solve a wide variety of tax problems. We are not a law firm or Brea tax attorneys, but we do have an experienced staff of CPAs, Tax Professionals and Enrolled Agents that can show an individual all of their available options.
A lien is a legal hold placed on assets such as bank accounts. Tax experts often advise their clients that a lien can affect more than just standard assets. Future purchases such as cars or housing can be in jeopardy due to the fact that the lien will lower a credit rating and remain a part of a credit report for seven years. The lien is likely to stay on a taxpayer’s accounts until the debt is fully satisfied. If a debt balance is completely paid in cash, the lien is lifted immediately. With other payment methods, the IRS will release a lien after 30 days. Levies, or seizure of property, can range from physical property like cars and houses to financial property such as bank accounts or garnished wages. Taxpayers facing any of these actions that have previously hired a Brea tax lawyer can work with a tax professional to find the best way out from under their tax debt.
The best way to avoid continued debt collection is to enter into a resolution plan. Tax professionals frequently help taxpayers decide on the best option for their repayment. Installment Agreements are a series of programs designed to allow the taxpayer to handle their debt with smaller monthly payments. These agreements can typically satisfy the full balance of the debt within 60 months. If there is a reason that a taxpayer would not be able to commit to an Installment Agreement, there are still settlement options. Offers-In-Compromise involve having a tax professional analyze their finances and come up with a single payment that amounts to a certain percentage of their balance. Once the IRS accepts this payment, the taxpayer is removed from liability.
Many taxpayers struggling with debt consult a tax attorney in Brea for help. One of our tax professionals may be able to provide better help throughout the entire process. If you are in need of advice on how to handle your debt, tax experts near you are offering free consultations in addition to a range of other services. So whatever the tax issue, call a tax professional today and get your finances back on track.