There is no ‘one size fits all’ quick fix solution to resolve issues with the Internal Revenue Service (IRS). In order to ensure the best possible results for our clients, our tax experts need to design a unique strategy, combining the specific details of your case with our superior knowledge of the IRS negotiations and resolutions processes. Escobar & Associates provides many different IRS Austin TX support services- here in Texas as well as elsewhere. After three decades of being in business, no matter what you are dealing with, we’ve seen it all, and our team will guide you every step of the way.
IRS – The Tax Authority
Many of our clients are struggling with IRS claims because they have unpaid taxes or delinquent taxes. Unfortunately, good people get themselves into hot water through misunderstandings with the tax authority and the situation only gets worse as time goes by. The initial amount owed may have been challenging to address in the first place- the ever-accruing interest and fees makes the principle balance impossible to manage.
The IRS has several tactics that they use in order to prompt you into satisfying outstanding, and mounting, tax debt, or to satisfy a debt if you are considered unresponsive or incompliant. The tax authority can place a publicly filed tax lien on your property or other assets staking their claim to it, which can negatively impact your credit, which in turn makes it more difficult to find a job or rent or buy a home. If a lien remains unsatisfied, the IRS can impose an administrative tax levy, which permits legal seizure by the IRS, on your property and other assets. At this point, the IRS can legally seize your property and liquidate it to put towards your debt, making it very difficult for you to regain control of your assets.
You Need Tax Resolution Experts
It’s imperative to have tax resolution experts on hand that can keep a confusing and challenging situation from getting worse. There are several ways to negotiate with the IRS to keep the damage to a minimum and help you get your life back. Even after the IRS has laid claim to your property, you may be able to regain control through the appeals process. If you are able to prove hardship or are in general good standing with the IRS, your case may qualify for a penalty abatement or other administrative relief, which may remove some of the penalties, fees, or interest from the total debt owed. You may also qualify for an offer in compromise, which can help you settle your alleged debt for less than the total owed. It is important to know that there are options out there to help you resolve your debt and get you back to a tax compliant standing.
The more time that passes, the more challenging it is to deal with IRS demands. Please contact us today for a free consultation for any of your IRS Austin TX support needs. We will work hard to make sure that your case is resolved in the best way possible.
- Tax Appointment Worksheet
- IRS – Forms and Publications
- What is an Offer in Compromise?
- Tax FAQs – Installment Agreement/Payment Plan
- Tax FAQs – Owe Tax Bill/Debt/Liability
- Receiving a Bill From the IRS
- It’s Important to Pay Taxes in Full
- Understanding Your IRS Notice