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Which IRS Programs You Qualify For
How Much You Can Legally Avoid Paying
Exactly What Steps to Take Next

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1) Who do you owe tax debt to?

2) About how much do you owe in tax debt?

3) Do you have un-filed back tax returns?

4) Have you had a wage garnishment, tax lien or bank levy?

5) Have you received threatening or confusing letters from the IRS?

6) Great! Now we just need to know where to send your results to?

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Proudly Serving Jonesboro, and All of Arkansas

Here's How the Process Works:
1

Free Initial Consultation and Financial Analysis

15 Minutes - We will go through your entire financial situation, step-by-step and see what programs you qualify for, determine how we can help, and answer any questions that you may have.

2

Research & Investigation

4-7 Days - Using the Power of Attorney, we will work with the IRS to determine what evidence they have against you (without disclosing anything), so we can create a plan of attack.

3

Fight for the Best Resolution

1-3 Months - After learning exactly what they have against you, we will negotiate with the IRS on your behalf, removing all the penalties we can, and fighting for a great settlement for you.

4

FREEDOM!

Forever - Once your tax burdens have been lifted, you can go on living your life again! You will finally be free of the burdens chasing you, and can start fresh with no tax debt!

Stop the cycle of harassment for good - let us fight for you

Highly Experienced Jonesboro Tax Lawyer

Our Team is Ready to Help Out Residents of Jonesboro

The IRS wants to add to the amount you owe, and certainly will stop at nothing to collect that money on interest charges and additional fees.

They are the biggest collection agency in the world, and we steadfastly believe that no one should have to face them by themselves.

For most people, having a huge government agency constantly harassing them with letters, notices and revenue officers is a horrifying idea.

That is why our Jonesboro team is here to help you. You certainly will have someone in your corner to help negotiate for you, and no longer have to handle the IRS on your own.

If you owe the federal government, or the state of Arkansas, our dedicated law firm is here to make your life simpler.

With just 15 minutes on the telephone with our experts, you’ll know precisely what you may qualify for, and what to do.

Give our Arkansas team a call now!

Ultimately put a conclusion to the letters and notices the IRS has been sending to you, and let our Jonesboro team help.

IRS Letters and Notices are sent to people in Jonesboro who haven’t paid all of their tax obligation or have not filed their tax returns. The IRS accounts for collecting taxes due from citizens to ensure that the Federal Government has the funds to run its business. The Internal Revenue Service assumes that taxpayers who neglect to pay their taxes and who are delinquent in filing their tax returns are ignoring the reason taxes are not unimportant. The IRS also supposes that citizens would not have a good reason for not fulfilling their tax obligations. Aggressive pursuit of these citizens is the reason why IRS letters and notices are sent. People who have filed their tax returns but have not paid the taxes that are due all, may also get IRS letters and notices. For performing speedy collection activity delinquent taxpayers are on the IRS radar. Taxpayers have to remember the IRS does not need to initiate any court action to impose wages, bank accounts and property. Pension income could be attached.

Penalties are prolific. In 1988, there were only 17 fees the IRS could levy, but now the distinct of penalties is 10 times that number. Some of these can certainly become serious difficulties for the taxpayer.

Examples of Letters

Low-Reported Tax Debts

A notice that claims a citizen has under reported their income is a serious issue. Frequently, this can be accommodated easily, if the IRS claim is valid, but the taxpayer will be assessed a fee plus interest. Then the citizen could be accused of filing a fraudulent return, if this notice spans more than one year of tax filings. The penalties and the interest will amount to an unimaginable amount of money irrespective of the perceived motive.

Property Garnishes

A notice that threatens to attach a citizen’s wages, bank account or property is also serious. The IRS will send a letter warning of the impending action, and this letter will stipulate a period of time that the citizen has to solve the delinquency. Letters which were sent to the taxpayer in an effort to resolve the delinquency before it attains the collection action are followed by this notice.

Notice of Property Lien

A notice stating that the IRS has filed a lien on the taxpayer’s property also follows letters of intent to take this activity. The notice will contain the quantity of the lien and also the governmental agency where it was recorded. The IRS can also drive the selling of the property to acquire satisfaction of the lien. A notice will be issued if a sale is planned.

What to do with a notice

The citizen should never dismiss IRS letters and notices. Instead, they should immediately seek help with these possible hazards to their financial protection. The truth is, if a citizen who believes they may receive notices and letters from the IRS can contact us so we can stop these from being sent. Contacting our BBB A+ Jonesboro law firm is even more important if a letter or notice was received. We’ve got many years of successful experience in working with the IRS and state of Arkansas to resolve taxpayer problems.

A 15 minute consultation with our Jonesboro team can help possibly save you tens of thousands of dollars

What is an OIC agreement

The IRS helps the client faced with serious tax problems rather or by paying bailing them out up to less compared to the amount owed. However, not all troubled taxpayers qualify for IRS Offer in Compromise Deal. This really is solely after evaluation of the customer was carried out because qualification relies on several factors. The IRS Offer in Compromise Arrangement plays an instrumental role in aiding taxpayers with financial challenges that are distressed solve their tax problems. This implies that the IRS acts as the intermediary that helps the taxpayer pay their tax debt in the handiest and flexible fashion. The primary interest and point of focus is the compromise that totally suits the needs of both the taxpayer and also the Internal Revenue Service (IRS).It is wise to note the citizen must make a valid and proper offer vis-a-vis what the IRS considers their honest and exact potential to pay.

How Hard is it to Qualify for an Offer in Compromise agreement?

Filling the applications doesn’t guarantee the Jonesboro taxpayer a qualification that is direct. Instead, the IRS begins the entire appraisal and evaluation procedure that could leave you incapable of settling your taxes. The applications have to be filled with utmost accuracy saying definitely reasons for your inability to pay tax. These programs are then supported with other relevant documents that will be used by the IRS to determine the eligibility of the citizen for an Offer in Compromise Deal. Nevertheless, there are a few of the few qualifications process that has to be satisfied fully be the citizen. Some of these qualifications include but not restricted to ensuring the citizen files all the tax returns that they are legally bound to file, make and present each of the estimated amount of tax payments for the current year and finally the citizen is designed to make deposits for all of the national tax for the current quarter particularly for taxpayers who run companies with employees. These are the three fundamental tenets of qualification that every citizen must meet to be able to be considered.

What to do Next

Then our BBB A+ rated tax law firm helping Jonesboro is there for you to help negotiating an IRS Offer in Compromise arrangement therefore if you’re truly one of those taxpayers in need of care and guidance when it comes to IRS. This is an incredible law firm that’ll function as a yard stick for those who demand suitable help in negotiating for an IRS offer in compromise deal. Do not hesitate to contact them because they’ve a good security standing and a strong portfolio. They have a team of competent and dynamic professionals that are always on hand to assist you. Try them today and expertise help like never before. It’s just the finest when it comes to discussion of an IRS offer in compromise deal.

An experienced law firm is your best shot of finally being free of tax debts that are back in Arkansas

Have you been struggling with your back tax debts for a number of years, and are finally fed up with dealing with the IRS on your own?

Have they started sending letters and notices to company or your residence, demanding you pay interest charges and additional fees for the sum you owe?

If so, the best thing yo ulna do is hire a tax law business that is experienced and reputable to be by your side every step of the way. The good news is, our Jonesboro firm is the ideal candidate for the job, with an A+ business standing with the BBB, tens of thousands of happy clients all around the country (particularly in amazing Arkansas), and our own team of tax attorneys, CPAs and federally enrolled representatives, all prepared to work on your case today.

The IRS is the biggest collection agency on earth, with thousands of billions and revenue officers of dollars set aside to pursue good, hard working folks like you for the money you owe. The single thing they care about is getting the money they’re owed. You shouldn’t have to face them by yourself. We do not get bullied about like ordinary citizens do, and can use our private contacts to negotiate the resolution that you need.

Using seasoned Jonesboro legal counsel on your own tax issues is like having an expert plumber come and repair your massively leaking water main. Certainly you could probably finally determine just how to repair it by yourself, but by the time you do, your home is probably permanently damaged from leaking, and certainly will cost a lot more than just hiring the specialist in the very first place.

Our team of specialists is standing by, prepared to help you!

The IRS can legally steal your home or property prevent it before it happens and let our Jonesboro team fight for you.

Bank levies are charges imposed on your own Jonesboro bank account when you’ve outstanding tax debt. Sadly, the procedure is always rough. Usually, the institution ends up freezing all the cash that is available in a given account for a period of 21 days to deal with a person’s or a company’ tax obligation. During the halt, it’s impossible to get your cash. The sole possibility of getting them at this phase is when the period lapses when they are unfrozen. Preventing the levy lets you get your capital for matching other expenses.

Why and When Bank Levies Get Slapped On

The Internal Revenue Service bank levies are applied to your account as a final resort for you to pay taxes. It occurs to people in Arkansas who receive demands and many appraisals of the taxes they owe the revenue bureau. Failure to act within the legal duration of a tax obligation leaves the IRS with no choice besides to proceed for your bank account. This happens through communication between your bank as well as the Internal Revenue Service. You may find that on a particular day, if you’re unaware. For intending to levy and a notification about your legal right to a hearing, a closing notice is followed by bank levies. In a nutshell, the Internal Revenue Service notifies you of the pending bank levies. The IRS can only require cash that was on the date a levy is applied in your bank when employed.

How to Get Bank Levies Removed in Jonesboro

There’s a window of opportunity for you to utilize to remove bank levies from your account. With a professional service it will not be difficult that you know when to take your money out of the bank. You additionally have to enter into a payment arrangement with the IRS to stop future bank levies besides removing your funds before the bank levy happens. You are able to do this by getting into an installment agreement. Finally, you can go for ‘offer in compromise’ as a way to get tax forgiveness.

They can be quite complicated to implement, while the solution sound simple. Have the resources to do so you need to act quickly, understand every facet of the law and deal with related bureaucracies levied by banks as well as the IRS. The smart move would be to call us for professional help by means of your IRS situation. We have skills and expertise which have made us a number one choice for several folks. For partnered tax professional aid, contact us for more details and help.

When you have neglected to pay your taxes for several years, our Jonesboro team can assist you to get back on track.

Have you forgotten to file your unpaid tax returns for several years? We can help.

The W-2S and 1099 forms for every tax year are essential when filing your tax returns that are back, you receive. In case you’re eligible to deductions and credits; you will need to assemble any other supporting document that may demonstrate your eligibility to the claim.

You need to make use of the form to request for 1099S, W-2S which should provide support for your deductions. Nonetheless, you must not expect to get a duplicate of the original file. IRS will offer you a transcript containing the info you need to file your tax returns. The Internal Revenue Service may take up to 45 days to process this request.

In addition, you should file your tax returns that are back on the initial forms for that tax year. Begin by seeking the IRS website for them. Double check to ensure you’re using the instructions related to the exact same tax year returns are filling for after you’ve collected all the important files. Tax laws are constantly changing and using the improper instructions may need you to start the filing procedure once more. Eventually, they should submit all of the forms through the address given to the IRS.

What to Do With Un-Filed Tax Returns

You must comprise as much payment as you can, if you have any additional income tax for the preceding years. This way you’ll reduce interest costs accumulation. Unlike the tax penalties which halt once they’re at the maximum to accumulate, the monthly interests continue to pile up until the tax has been paid by you. Following the IRS has received your tax returns, they will send you a notice of the exact amount you should pay as a fee and rate of interest.

You may have to work with all the Internal Revenue Service if you are incapable of paying your tax returns in full. However, you should note that back taxes and the past due debts, can reduce your federal tax refund. Treasury offset application may use any unpaid state or national debt to settle.

It may use component or your total tax refund to pay some debts which include unemployment compensation debts, student loans that are delinquent, and parent support. For those who have filed tax returns together with your spouse you might have the right to the entire counter or part.

But in case you owe any common duty payment, IRS can cancel the indebtedness against tax refund due to you.

What You Should Do If You Have Unfiled Tax Returns

For those who have not filed your back tax returns for many years, you can consult with our BBB A+ rated Jonesboro tax law business for help.|} Our crew of specialists in Arkansas is always prepared to assist you solve your issues and in addition they are always prepared to answer your questions.

Other Cities Around Jonesboro We Serve

Address

Jonesboro Instant Tax Attorney

326 S Church St, Jonesboro, AR 72401
Phone

(501) 475-3007

Customer Rating
Services / Problems Solved
Removing Wage Garnishments
Getting Rid of Tax Liens
Removing Bank Levies
Filing Back Tax Returns
Stopping IRS Letters
Stopping Revenue Officers
Solving IRS Back Tax Problems
Ironing out Payroll Tax Issues
Relief from Past Tax Issues
Negotiating Offer in Compromise Agreements
Negotiating Innocent Spouse Relief Arrangements
Penalty Abatement Negotiations
Assessing Currently Not Collectible Claims
Real Estate Planning
Legal Advice
Tax Lawyers on Staff
Steve Sherer, JD
Kelly Gibson, JD
Joseph Gibson, JD
Lance Brown, JD
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Where Do I Send my Offer in Compromise Payments?

There are only two options for where to send the OIC Memphis, TN or Holtsville, NY. As you live in Jonesboro, Arkansas, you'd mail your offer to Holtsville. Pay the total quantity of the Offer in Compromise over the remaining life on the group statute of limitations. You may specify a lump sum payment due within 90 days, and then monthly installment payments for the balance of the collection period. The standard group statute of limitations is 10 years (or 120 months), from the date that a tax liability was finalized. This 10-year span suspended or may have been extended by various actions taken by the Internal Revenue Service or by the citizen.

Is Tax Debt Reported on the Public Record?

There are only three types of public records that appear in a credit report, all of them related to debts. Bankruptcy is the most obvious. It is a legal proceeding under which a person is provided relief from debts they're unable to pay. This results from failure to pay your taxes. Uncle Sam is intent on getting his taxes paid. An outstanding tax lien on your Jonesboro property will stay on a credit report for up to 10 years from the filing date. A tax lien that was paid is deleted seven years from the date it's paid.

Can Tax Lawyers Really Help?

Yes, tax attorneys in Jonesboro, AK can actually help. It's very important to manage your tax problems very carefully. IRS tax matters are sensitive and very critical issue and also a minor mistake in the process can cost you may land you in jail and very dearly in the type of loss of money, time, can get you frustrated. The legalities involved in the process of tax settlement of your IRS taxes and the tax laws can be quite complicated and you might not understand it whatsoever. Thus, it's a good idea to employ an expert in tax representation, who'll manage to manage your situation in Arkansas .

How Do I Choose the Right IRS Debt Relief Company?

You will need to take note on some factors regarding the business's performance, to choose the best IRS Debt Relief Business. For instance, you will have to inspect the BBB for an A rating. The fewer the criticisms the better. You'll also have to assess for duration of time in business. 5 years or more is discretionary; Assess for accredited tax professionals and ask to talk with the person who will be in your Power of Attorney; Make sure your case will not be outsourced to another business or individual; Be sure to understand your role in the resolution of your tax debt, and the manner in which you and the Jonesboro or Arkansas firm you select will socialize and work together.

How to Reduce Tax Debt to the IRS?

There are several approaches to reduce one's IRS tax debt. First, applying assistance from a CPA or a tax lawyer in Jonesboro to help in assessing the citizen's situation and coming up with the most effective game plan to decrease the person 's Internal Revenue Service (IRS) tax debt is a good starting point. These tax professionals can give sound guidance on the best way to lower your tax debt and they're equipped with the knowledge about how to deal with the IRS. If a citizen really has acute back tax debts, then the amounts can be dealt with by a tax professional and come up with the best option to get rid of the tax debt in Arkansas.

Can Tax Debt Be Inherited?

The short answer is, not in most cases. However there are situations where someone could be legally responsible for paying off your bills after death. Plus, into paying off debts for which they are not responsible, only to be left alone, competitive creditors have been known to coerce heirs. In the event you're fearful that your fiscal legacy is going to be a pile of unpaid bills, here's what you need to understand and prepare for: In general, children are not responsible for paying off their parents' unsecured debts - things like credit cards, personal loans and medical bills, which aren't collateralized by physical property in Jonesboro or Arkansas. Lenders will need to write them off, when there is not enough money in the estate to pay off those bills.

Does Tax Debt Affect My Credit Score?

If you apply for a personal loan to cover a bigger-than-expected tax bill, your payment record and the loan amount will probably be noticed in your credit reports. Although the drop is temporary as well as the loan application itself will count as an inquiry into your credit , which will definitely reduce your credit score a bit. If you should submit an application for a personal loan in Jonesboro to cover a tax bill, start by obtaining a free look at your credit strengths and weaknesses using a Credit Report Card. Minimize loan applications by finding out a lender's minimum credit score requirements beforehand. Pick a lender in Arkansas with credit requirements that match your credit score.

Are Tax Lawyer Feeds Tax Deductible?

It's generally rare to take tax deductions from the lawyer's fees. The general rule is simple enough: You can deduct your Jonesboro attorney's fees you pay for if you are trying to create or collect taxable income, or to help in determining, collecting or obtaining a refund of any tax. In simple terms, you can take a deduction should you require a lawyer's help to make money you must pay taxes on, like representing you in an IRS audit, or if an attorney helped you with a tax matter. If the legal fees are associated to taxes or taxable income, a tax write-off can be taken by you.

Do Tax Lawyers Really Work?

Yes, Tax Lawyers do work. They possess the expertise to devise a special plan of action for your case and follow it for implementation in Arkansas. Tax lawyers are trained, licensed and experienced to manage the technicalities involved in settlement procedure and the tax resolution. In case you are in trouble with all the IRS only an attorney may give you the attorney-client privilege. Only a Tax lawyer will possess the expertise in attaining tax settlements. While a CPA might be familiar with some tax resolution programs, they'll not have a complete understanding of the ins and outs of the assorted systems in Jonesboro.

Does IRS Forgive Tax Debt After 10 Years?

The statute of limitations for the Internal Revenue Service to collect taxes back is 10 years following the IRS has assessed of a tax liability. Essentially, this means the IRS has a 10 year window to collect on a citizen's lack and once that window shuts the IRS loses its legal claim to the back taxes. This is hardly a get out of jail free card as the Internal Revenue Service will still likely take collection action in the form of a tax lien and/or levy, although this approach seems great for the enthusiastic tax protester. A lien is a claim on the taxpayer's Arkansas property used as security for the citizen's debt, while a levy is the lawful seizure of the citizen's property to satisfy the debt.