Offer-in-Compromise: If you owe back taxes, an Offer-in-Compromise may allow you to settle your tax debt for less than the full amount owed. Alena Miles, Tax Attorney (LL.M.), CPA can help determine if you qualify and guide you through the process.
Installment Plans: If you're unable to pay your IRS debt in full, an installment agreement can allow you to make monthly payments over time. Alena Miles, Tax Attorney (LL.M.), CPA can assist in negotiating terms with the IRS.
Delinquent Filings: Unfiled tax returns can lead to serious consequences. Alena Miles, Tax Attorney (LL.M.), CPA can help you get back on track by filing past-due tax returns where permissible, and minimizing potential penalties.
Taxpayers have the right to retain an authorized representative to handle their IRS dealings. This could include a tax attorney who can advocate on your behalf and ensure your rights are protected.
In general, filing a past-due tax return begins the statute of limitations for the IRS to assess additional taxes. However, if a tax return is never filed, the statute of limitations does not begin, and the IRS can pursue you for taxes owed at any time.
There may be settlement or payment options available to eligible taxpayers to resolve their IRS debt issues, such as Offer-in-Compromise or installment agreements.
