The Law Office of Richard Hughes is your go-to source for exceptional tax relief services in Tyler, Texas. With a proven track record of successfully helping clients settle their IRS debt, our team is committed to providing you with personalized and effective legal solutions.
Understand Tax Debt Relief
Being in debt to the federal government can be stressful and overwhelming. The IRS can impose interest and penalties on top of garnishing your wages or seizing your property to collect overdue taxes.
Understanding the options that can help you get out of tax debt is vital. Our tax debt lawyer will work with you to explain the laws in a way that you can understand and give you an honest assessment of which options are best for your specific needs.
Tax Relief Objectives
We help you reduce the amount of taxes you owe and develop a manageable repayment plan. Our experience with tax debt relief allows us to thoroughly review and analyze your case and develop a plan tailored to your specific financial situation.
Reduce or Eliminate Tax Debt
If you have tax debt, filing for bankruptcy is one option, but there are other ways to find relief and resolve disputes with the IRS.
The Currently Not Collectible Program (CNC)
You can postpone tax payments to the IRS.
Our tax debt relief lawyer can help you contact the IRS and prepare the documents required for the CNC program promptly and effectively.
The Offer in Compromise Program (OIC)
Pay off your tax debts for less than the full amount you owe.
If you qualify for the program, you'll be able to save a considerable amount in taxes, penalties, and interest.
Installment Agreements
An installment agreement is a monthly payoff plan with the IRS.
Our tax debt relief lawyer can assess your case and advise you on which of the three types of repayment plans may work best for you.
Withdrawal of Tax Liens and Levies
If you owe taxes to the IRS, they have the authority to place a lien on your property and even seize it.
Yes, you can remove these liens and levies within 30 days, but it’s difficult to do so alone.
Innocent Spouse Relief
If you have taken on your spouse's IRS debt due to divorce, you're in luck.
We have a qualified attorney who specializes in divorce and bankruptcy and can assist you in discharging the tax debt.
Settle IRS Debt
Contact our tax debt attorney in Tyler, TX, today. We are here to help you with your bankruptcy and tax relief needs.
Frequently Asked Questions
Can filing for bankruptcy help me with my tax debt in Texas?
In Texas, filing for bankruptcy may be able to assist in resolving tax debt, but only under certain circumstances. Chapter 7 bankruptcy can relieve specific types of tax debt, while Chapter 13 bankruptcy can enable you to pay off your tax debt using a repayment plan. It's important to note that the process of qualifying for bankruptcy to discharge tax debt can be complicated. Therefore, seeking guidance from a knowledgeable bankruptcy and tax debt attorney in Texas is advised to fully understand your options.
What are my other options for resolving tax debt besides bankruptcy in Texas?
Besides bankruptcy, other options for resolving tax debt in Texas include negotiating a payment plan with the IRS or state tax authorities, submitting an offer in compromise to settle your tax debt for less than the full amount owed, and requesting penalty abatement or innocent spouse relief.
What are my other options for resolving tax debt besides bankruptcy in Texas?
Besides bankruptcy, other options for resolving tax debt in Texas include:
- Negotiating a payment plan with the IRS or state tax authorities.
- Submitting an offer in compromise to settle your tax debt for less than the full amount owed.
- Requesting penalty abatement or innocent spouse relief.
How can a bankruptcy and tax debt attorney help me in Texas?
A bankruptcy and tax debt attorney in Texas can help you in several ways, including evaluating your financial situation to determine the best course of action for resolving your tax debt, negotiating with the IRS or state tax authorities on your behalf, preparing and filing bankruptcy petitions or other legal documents, representing you in court or administrative hearings, and advising you on tax planning strategies to avoid future tax problems.
Contact Richard Hughes for a Complimentary
Tax Relief Consultation
If you're struggling with tax debt, Richard Hughes can help you find practical solutions and move forward with your life. To schedule a free consultation with our bankruptcy and tax relief lawyer, please call (903) 534-5922. We serve clients in East Texas, including Tyler.
IRS Tax Debt FAQs
Can the IRS take my property or garnish my wages?
Yes, the IRS can place a levy to seize your property to pay your tax debt. This includes garnishing your wages, taking money from your bank or financial account, as well as seizing and selling your vehicles, real estate, and other personal property.
The IRS will bill you with a notice of levy prior to taking your belongings, which is titled “Final Notice of Intent to Levy and Notice of your Right to a Hearing.”
If you receive this notice and can’t pay the amount you owe, contact an attorney to assist you with handling your tax debt. Richard Hughes can negotiate on your behalf with the IRS to find a resolution that works for your situation.
What are some ways I can find relief from tax debt?
Having tax debt is stressful, but you do have options. Richard Hughes can assess which tax relief options are best for your situation and explain the laws in an understandable manner.
Our team can reduce the taxes you owe and develop a detailed repayment plan that works for your situation.
While bankruptcy is an option to reduce tax debt, it is certainly not the only option. You can find tax relief through options like:
- Currently Not Collectible Program
- Officer in Compromise Program
- Installment Agreements
- Innocent Spouse Relief
Should I file my taxes if I can’t pay the full amount that I owe?
Yes, you should file your taxes even if you can’t pay the amount you owe. If you don’t, you may face a failure-to-file penalty, which is usually higher than the penalties for not paying in full.
UBy filing your taxes on time, you also have more options for repaying the taxes you owe. You can set up a payment plan or ask for an extension of up to 120 days to pay your bill.
You may also qualify for options like “Offer in Compromise” or “Currently Not Collectible” statuses. “Offer in Compromise” allows you to settle for less than the full amount, and “Currently Not Collectible” lets you temporarily suspend collecting your taxes due to severe financial hardship.
Filing taxes is intimidating, especially if you know you’ll have a balance. Richard Hughes can advise you on the best strategies to pay your IRS bill and walk you through the process.
Can a lawyer negotiate with the IRS on my behalf?
Yes, a lawyer can negotiate on your behalf and be an invaluable resource when navigating complex tax laws.
In addition to representing you to the IRS and dealing with their notices, they can help you negotiate settlements or payment plans. Since tax attorneys are knowledgeable in complex tax laws, they can advise you on the best tax strategy based on your situation.
Get peace of mind and expert advice with a skilled tax attorney like Richard Hughes.
What happens if I ignore IRS collections efforts?
While no one wants to receive a notice from the IRS, it’s important that you don’t ignore it since it can lead to serious consequences.
The IRS will send you several notices before taking action, but if you fail to respond to them, you may face accruing penalties and interest, federal tax liens, wage garnishments, bank levies, property seizures, and even passport revocation or denial.
If you’ve received a notice from the IRS and aren’t sure how to pay, contact a tax attorney to resolve the situation. They can help negotiate a better situation for you and explain tax relief options you qualify for.
When should I contact a lawyer if I receive a notice from the IRS?
If you receive a notice from the IRS, it’s important to seek out a tax attorney as soon as possible if you have questions or are unsure of what you need to do.
Our team of tax attorneys can help you respond to the notice and provide guidance on what to do.