Help in Fort Myers to Get Rid of Your Tax Liability
Serving All of: Alva, Boca Grande, Bokeelia, Bonita Springs, Cape Coral, Captiva, El Jobean, Englewood, Estero, Felda, Fort Myers, Fort Myers Beach, Fort Ogden, Immokalee, Labelle, Lehigh Acres, Murdock, Naples, Nocatee, North Fort Myers, North Port, Pineland, Placida, Port Charlotte, Punta Gorda, Rotonda West, Saint James City, Sanibel, Vanderbilt Beach
All individuals need financial freedom, including you. Yet you, probably like many other hardworking Fort Myer’s citizens, have fallen into hard times. Too many people in the state of Florida are having difficulty paying for day to day expenses and can’t even comprehend how they would pay for a major life change or a medical emergency.
Yes, you’re in a tough spot right now. Your current situation, however, shouldn’t come to define you. If you’re having problems paying your taxes you need to contact our Fort Myers tax relief firm. Our firm, which is the best in the area, can advocate on your behalf to the IRS. We deal with them every single day, are unwilling to be bullied by them, and can significantly reduce the amount of money you owe.
Removing Penalties and Interest Charges
Our firm offers numerous services to clients, including the removal of penalties and interest charges. This is an incredible service as you’ve likely accumulated a significant amount of late fees if you haven’t been paying your taxes. Similar to a home mortgage, these charges can really add up and multiply overtime. As a result, you can end up owing multiple times what you originally did.
Luckily, our firm of lawyers can get these penalties removed quickly and effectively. They use a Penalty Abatement negotiation to reduce the amount you owe significantly and save you your hard earned money.
Negotiating Offer in Compromise Agreements
Another one of our most effective ways to save you money are our offers in compromise agreements with the IRS. An offer in compromise is basically an admission that you are unable to pay back the amount you owe in a reasonable amount of time. If you apply for this program and qualify, much of your debt will be forgiven.
Since it is highly competitive, only a select few taxpayers qualify for this program. Yet if you qualify for this program, it will immediately improve your situation. Qualification is based on a number of factors including gross monthly income, regular expenses, interest rates, and amount owed.
Getting Rid of Bank Levies and Tax Liens
Tax liens and bank levies are concepts that most people don’t understand. We understand that you all aren’t experts. Our firm, however, deals with both issues extensively. Liens and levies are statuses that can be placed on property. A lien prevents you from selling your property, while a levy allows the government to seize your assets.
If you’ve had either placed on your property, you must act quickly to get it removed. Any one of our qualified lawyers or consultants can walk you through the steps you need to take to eliminate your liens and levies. If you give our firm a call now we’ll set you up with a free one-on-one consultation and we’ll show you your best course of action.
Setting Up Good Installment Agreements
Our firm also helps individuals establish installation agreements. These agreements allow individuals to pay back their debt over a period of time, as opposed to all at once in a large lump sum.
Helping Businesses and Companies with Tax Issues
Additionally, our tax debt relief firm also has programs in place for businesses dealing with tax issues. We help business owners handle their tax issues, remove late fees, battle audits, and their tax returns. These services help these businesses not just to survive, but also to start thriving again. We work with all of the following individuals and companies:
Franchise Businesses – Franchise businesses we assist include fast food businesses, service companies, and network marketing companies.
Laborers and Construction – We help construction companies ranging from companies managing truck drivers to construction workers to laborers.
Professionals – We also assist a wide range of professionals like lawyers, office professionals, and administrators.
Freelancers – Examples of freelancers we assist are graphic designers, writers, and business owners.
Small Businesses – Finally, we provide services to small businesses.
If you fall into one of these categories and you are not in good standing in terms of tax liability, you may want to reach out for help.
Remove Wage Garnishments Quickly
The IRS has the ability to approach whoever takes care of the payroll at your business of employment and garnish a set amount off your paycheck each month. They will do this is you’re significantly behind on your payments. If you’ve had the unfortunate problem of getting a Wage Garnishment placed on your paycheck, you need to contact us to get it removed.
Call Us Now!
Don’t let your current situation become your identity. If you take the right steps you can eliminate your debt. No matter what happens, you deserve financial freedom and we want to help you achieve that dream.
Our firm in Fort Myers is here to help! Call us now and we’ll set you up with a one-on-one consultation. Not only can we walk you through the benefits of the available programs, but we can provide you with some free and effective advice.
Alva, Boca Grande, Bokeelia, Bonita Springs, Cape Coral, Captiva, El Jobean, Englewood, Estero, Felda, Fort Myers, Fort Myers Beach, Fort Ogden, Immokalee, Labelle, Lehigh Acres, Murdock, Naples, Nocatee, North Fort Myers, North Port, Pineland, Placida, Port Charlotte, Punta Gorda, Rotonda West, Saint James City, Sanibel, Vanderbilt Beach
Typically, a lot of people generally prefer to go with their tax lawyers to court. Just a Tax attorney will have the expertise in achieving tax settlements. They'll not have a complete understanding of the ins and outs of the various programs while a CPA may be familiar with some tax settlement programs. Codes and tax laws are complicated and many times change yearly. In addition there are many programs available that decrease or a citizen that is distressed can use to settle the amount of tax liability owed but only an experienced tax lawyer will learn the best way to qualify you and to establish both the top system to utilize in Fort Myers.
What Should I Do If I Can’t Pay My IRS Tax Debt?
The IRS has payment options available, if you can't pay the taxes you owe. Which option might work for you normally depends on how much you owe and your present financial situation. Each choice has different requirements and some have fees. People facing financial issues may find that there is a tax impact to events such as Fort Myers job loss, debt forgiveness or soliciting on a retirement fund. For instance, in case your income decreased, you might be newly eligible for certain tax credits, including the Earned Income Tax Credit. Most of all, in the event that you believe you may have trouble contact the IRS.
What Sort of Tax Debt Resolution Programs Are Available?
There are several IRS tax aid programs to help, including the agency's Fresh Start initiative. An Installment Agreement is normally available to individuals who can't pay their tax debt in full at one time. The program allows individuals to make smaller monthly payments until the entire debt is satisfied. An Offer in Compromise (OIC) lets taxpayers permanently pay their tax debt for less in relation to the amount they owe. The OIC is an important instrument to help folks in limited conditions; citizens are eligible only after other payment alternatives have been exhausted. In very limited circumstances, the Internal Revenue Service may offer penalty abatement to people who have not paid their taxes because of a special adversity in Fort Myers.
How Much Can My Tax Debt Be Reduced?
Depending on your individual situation, you can expect to reduce your tax debt beyond and by anywhere from 25% to 90%. When you have faced substantial financial hardship for example medical emergency, job loss, or something else, in Fort Myers, you may qualify for some plans which may drastically lower your debt. But if you do not, simply by removing the IRS fees and interest charges, you can easily get 25% to 40% off of the sum you owe.
Does Tax Debt Affect My Credit Score?
If you submit an application for a personal loan to cover a bigger-than-expected tax bill, the loan amount along with your monthly payment record will undoubtedly be noticed in your credit reports. Though the drop is temporary, and the loan application itself will count as an inquiry into your credit and this will definitely decrease your credit score a little bit. If you should apply for a personal loan in Fort Myers to cover a tax bill, begin by getting a free look at your credit strengths and weaknesses using a Credit History Card. Minimize loan applications by finding out a lender's minimum credit score requirements beforehand. Select a lender in Florida with credit requirements that fit your credit score.
What Should I Do to Prepare for an Offer in Compromise Agreement?
In order to get ready for an offer in compromise agreement, you need to ensure the following are included in your offer in compromise package sent to the IRS: Cover letter and memorandum containing the facts as well as a discussion of the law; Form 656-B (Pamphlet with forms) or 656-L; Form 433-A (OIC) or Form 433B (OIC) (not needed if Doubt as to Liability); Supporting documents for Form 433A or B. In preparing an offer, make sure that you clearly state in the opening paragraph of the memorandum under what ground you are submitting the offer from Florida.
How Much Do Tax Lawyers Cost?
Reputable and most qualified tax attorneys in Fort Myers will bill their clients on an hourly basis for all services rendered. This will typically be an hourly charge of between $200 and $400. Generally, a tax lawyer will require that a prepayment, which is known as a retainer is made by their customer. This retainer will be a prepayment on the basis of the number of hours your tax attorney believes they will be working on your behalf. This hourly fee will be deducted from the retainer as the work nears conclusion.
How Often does the IRS Accept an Offer in Compromise?
The IRS often accepts an offer in compromise when the amount offered represents the most they are able to expect to collect within a reasonable period of time. For this reason, you are suggested to research all other payment options before submitting an offer in compromise from Fort Myers. The Offer in Compromise application is not for everybody. Therefore, should you think about hiring a tax professional to allow you to file an offer, make sure to check his or her qualifications. Additionally, before they could consider your offer, you must be current with all filing and payment requirements.
What Do Tax Lawyers Do for You?
Tax attorneys in the Fort Myers area assist you to solve your tax problems with the IRS since they specialize in the minutiae of the Internal Revenue Service tax code. They offer guidance in the areas of estate planning, trusts, tax disputes, and business tax law, especially on complicated legal issues. Attorneys are strong negotiators who develop arguments that best support a desirable position and examine case facts in light of the law. They may use the court system in ways that provide leverage in resolving tax cases.
What should I Do if the IRS Rejects my Offer in Compromise?
In the event the IRS rejects your offer in compromise, you should put the following documentation set up and be ready to submit an application for an appeal concerning the offer in compromise: The 30-day letter rejecting the OIC; Worksheets that came with the rejection letter; Form 656, Offer in Compromise. Form 433-A, Collection Income Statement for Wage Earners and Self Employed Individuals that you submitted to the IRS by means of your Form 656, Offer in Compromise. You need to take note that throughout the self help tool, where a Form 433-A or 433-B is mentioned, the Form 433-A (OIC) and 433-B (OIC) may also be used.
Ready to get your questions answered?
We Will Never Sell Your Information: We hate spam as much as you do. That is why we promise never to sell, release or give away your information. Your call will be handled directly by our in-house team of tax experts who are all native English speakers right here in the USA.