IRS Tax Debt Relief

Get IRS tax debt relief when you need it most, by visiting our attorneys in Los Angeles or Encino.

When you need IRS debt relief, contact the Nader Law Firm. We may be able to help you:

  • Settle your tax debt for pennies on the dollar
  • Negotiate reduction or removal of penalties and interest charges
  • Remove tax liens
  • Settle payroll taxes
  • End wage garnishment
  • Stop IRS bank levy or IRS tax levy
  • Prevent property seizure

It's no surprise that if you have more debt than you can pay off, some of it may be owed to the IRS.

The good news is, you're not alone, and there are options for IRS tax debt help for people (or businesses) in your same situation who need IRS tax relief.

The Nader Law Firm can help you understand your options BEFORE you deal with the IRS.

Some of the alternatives for tax debt help:

  • Tax Debt Relief Strategy #1: Bankruptcy
    • In some instances you may be able to eliminate certain IRS debts through Bankruptcy:
    1. If your tax liability is over 3 years old (from the time that it came due);
    2. You filed your taxes in a timely fashion (if not you must have filed it at least 2 years before filing for Bankruptcy);
    3. You have not been assessed by the IRS within the past 240 days,

    Eliminating IRS debts through bankruptcy requires a clear understanding of the rules, so please contact us for a careful review of your situation.

  • Tax Debt Relief Strategy #2: IRS Penalty Abatement
    • When you can't pay your tax debt because of circumstances beyond your control, you may be able to make the case that the interest and penalties that have been added to your account are unreasonable. While it doesn't eliminate your tax debt, it can remove the total amount owed. Circumstances that may be considered include taxpayer hardship (serious illness, death, or natural disaster), bad tax advice from a professional, changes to the tax code, or IRS mistakes.

    Penalty abatement applications must comply with IRS rules and regulations and be very specific. Due to the complexity of this approach, it's advisable to seek professional advice. The Nader Law Firm can advise you on whether this approach may be appropriate for you, and if necessary in your case provide referrals to a reputable tax CPA.

  • Tax Debt Relief Strategy #3: IRS Debt Settlement

    • An IRS tax settlement is an option that may allow you to settle your debt for pennies on the dollar, and will vary based on your personal budget, existing assets, and age (which may affect your future earning ability). The Nader Law Firm can advise you on whether this approach may be appropriate for you.

Communicating with the IRS can be helpful!

If you are unable to pay your tax liability, your account can be flagged "not currently collectible". This means that the IRS will not pursue collection until you are in a position to accept a Payment Plan or an Offer in Compromise, both of which are explained below:

  • Tax Debt Relief Strategy #4: IRS Payment Plan
    • The IRS has the authority to give you more time to pay if you can't settle your tax debt in one payment. There is a fee for setting up a payment plan, and you must make regular periodic payments.
  • Tax Debt Relief Strategy #5: IRS Offer in Compromise
    • Do not enter into an IRS "OFFER IN COMPROMISE" before talking with us first! The OIC option allows you a one-time chance to wipe out your IRS debt for a fraction of the actual amount outstanding. Each case is handled individually based on certain guidelines. However, your circumstances might indicate financial hardship, doubts about whether the amount assessed is actually due, or an inability to pay the full amount within 5 years. Because of the complexity of an OIC application, it's best to seek the assistance of a professional.

The Nader Law Firm can advise you on using any of these options for tax debt relief, and should your case require it, we have excellent contacts with CPA's to assist you or negotiate with the IRS on your behalf. Contact our bankruptcy attorney today.