San Diego Tax Debt Relief Attorneys
Comprehensive & Effective Legal Representation
At Debt Relief Legal Clinic, our team of reliable lawyers is familiar with
the IRS tax code and the various programs that individuals and businesses
can take advantage of if they are struggling with tax debt. Our lawyers
can help you navigate the process and apply for programs that can save
you a substantial amount of money.
When you choose Debt Relief Legal Clinic to represent you through the
bankruptcy process, we will review your financial situation to determine which tax debt relief
programs you are eligible for. Whether you owe individual back taxes to
the IRS or have delinquent taxes that are causing financial difficulties
for your business, our legal professionals will gladly use our extensive
resources to assist with settling your tax debt.
Offer in Compromise
An Offer in Compromise is usually the best option for most taxpayers who
find themselves in debt. The Offer in Compromise program allows qualified
individuals with unpaid tax debts to negotiate a settled amount that is
less than the total amount owed to clear the debt. If the IRS believes
repaying the tax debt would cause significant hardship or if they doubt
you will be able to pay back your debt or the accuracy of your tax liability,
then an Offer in Compromise might be offered instead of litigation.
The IRS must review all of your expenses, income, assets, and other liabilities
to determine if you can pay your current debt liability. Before you can
be granted an offer in compromise, you must meet certain conditions set
by the IRS. For one, you must remain current in filing and paying taxes
or withholding taxes for the current year. You also must remain current
on filing and paying taxes for the next five years.
Can I Discharge My Back Taxes in Bankruptcy?
Depending on the type of tax debt you have, it might be possible to get it
discharged through bankruptcy. However, taxes you willfully attempted to evade and penalties for tax
fraud aren’t dischargeable in bankruptcy. Income taxes are dischargeable
in bankruptcy if you meet the following three conditions:
- The taxes being discharged are at least three years past due
- You filed a tax return for the tax you owe
- The taxes must have been assessed within 240 days before the bankruptcy filing
Dishcarging tax debts through bankruptcy can be quite complicated, which
why you should consult with a lawyer to discuss all of your options so
you can make informed decisions.
FAQ: TAX Debt
Question #1: What should I do if I can’t pay my tax debt?
A: You should immediately reach out to an experienced lawyer to discuss possible
payment alternatives and whether you qualify for tax debt relief.
Question #2: Do tax liens expire?
A: Yes. There is a 10-year statute of limitations for which the IRS can collect
back taxes. After this period expires, the IRS is barred from continuing
collection activities. The 10-year period begins as soon as the IRS discovers
you owe taxes.
Question #3: Does the IRS have to inform me if they levy my bank account?
A No. The IRS can levy your checking account or savings account by simply
notifying your bank that they are seizing the funds in the accounts.
Speak to a Tax Debt Relief Lawyer About Your Options
If you have overwhelming debt owed to the IRS, then please don’t
hesitate to reach out to Debt Relief Legal Clinic today so we can help
you get a fresh start. When you choose our firm to represent you, we make
it our top priority to help you navigate each phase of the legal process
so you have peace of mind.
To set up a
free case consultation with a lawyer at our firm, please give us a call at (619) 639-9228 or
contact us online.