Stop the IRS harassment, and have your debt reduced by up to 90%

Our BBB A+ team of experts is standing by, ready to tell you which programs you qualify for

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

Take the 59sec Tax Savings Calculator Now to Find Out:

1 of 6

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?

BBB Accredited
iVouch
TrustPilot Reviews
TrustLink

Verified Client Results:

100% US-Based Staff

Proudly Serving Texarkana, 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 harassment for good, and give our firm a call now

Highly Experienced Texarkana Tax Lawyer

Give our Texarkana Office a Call Today

One of many primary issues that most Texarkana citizens run into in terms of IRS back taxes is feeling overwhelmed and anxious regarding the money that they owe. With the IRS taking away cash, property and assets, and even sending threatening letters and notices, revenue officers, it can be an extremely scary encounter.

We believe that no one should need to go up against the IRS alone.

It’s simply not fair what they put normal tax payers through, and we consider they must not get away with it any longer.

That is why, for a limited time only, individuals who are having trouble with back tax debt in the state of Arkansas, but more particularly Texarkana may qualify for a free 7 Day Free Trial of all our tax relief services. That means you don’t pay a penny for the total use of our seasoned team for a complete week.

30 Day Money Back Guarantee, that’s on the very top of our no questions asked. If you aren’t satisfied for any reason with our service, just let us know within 30 days, and you’ll get all of your cash back.

What are you waiting for? The longer that you wait and put it away, the more penalties and interest charges the IRS will tack on to the total amount that you owe. Take actions and call our Texarkana team a call today to get started!

Give our Arkansas team a call now!

Let our Arkansas team which means you are able to afford to pay back your debt over time, negotiate a payment plan for you

This agreement allows for monthly payments to be made. As long as their tax debt is paid by the taxpayer in full under this Agreement, they prevent the payment of the fee that is associated with creating the Agreement and can reduce or eliminate the payment of fees and interest. Creating an IRS Installment Agreement requires that all necessary tax returns have been filed before applying for the Arrangement. The taxpayer cannot have some unreported income. If more than $50,00 in tax debts are owed, then the citizen may apply for a longer period to pay the debt. In some instances, a taxpayer may ask for a longer span than 72 months to pay back a tax debt of $50,000 or less.

Good Things about an Installment Payment Plan

The agreement will bring about certain important advantages for the citizen. While an agreement is in effect enforced set activity will not be taken. Life will be free of IRS letters and notices. When the taxpayer can count on paying a set payment each month rather than needing to worry about putting lump sum amounts on the tax debt, there is going to be more fiscal freedom. The citizen will remove interest and ongoing IRS penalties. The Internal Revenue Service will assist the taxpayer keep the agreement in force if the taxpayer defaults on a payment providing the IRS is notified instantly.

Problems with the Installment Plan

Some duties come with the Installment Agreement. The minimum payment must be made when due. The income of the incomes of citizens that were combined or an individual citizen must be disclosed when putting in an application for an Installment Agreement. In some cases, a financial statement must be supplied. All future returns should be filed when due and all the taxes owed with these returns must be paid when due. Taxpayers paying their tax debt under an Installment Agreement might have to authorize direct debit of their checking account. This way of making monthly payments enable the citizen to request that the lien notice be removed. However, the lien may be reinstated in the event the taxpayer defaults on the Installment Agreement.

An Installment Agreement can be negotiated by the citizen with the IRS. Nonetheless, specific information must be provided and any info could be subject to verification. For citizens owing more than $50,000, a financial statement will be required.

How to Prepare to Apply for an Agreement

There are some precautions that must be considered, while taxpayers can submit an application for an IRS Installment Agreement. Though the IRS attempts to make using for an Installment Agreement a relatively simple process, there are some situation which can make this a challenging undertaking. It is important to get it right the very first time the application is made since many problems can be eliminated by an Installment Agreement with the IRS.

We are the BBB A+ rated law firm serving all of Texarkana and Arkansas, which can provide you with expert assistance. Our many years of experience working on behalf of citizens that have problems with the Internal Revenue Service qualifies us to ensure approval of your application for an Installment Agreement.

A bank levy can be removed within 24-48 hours, but only in the event you act immediately and let our Texarkana team help you

Bank levies are charges imposed in your Texarkana bank account when you’ve got outstanding tax debt. The law allows the Internal Revenue Service to seize funds in your bank account for clearing your tax obligations. Unfortunately, the process isn’t consistently smooth. In most cases, the association ends up freezing all the cash that is available in a specified account for a period of 21 days to take care of a man’s or a company’ tax obligation. During the halt, it’s impossible to get your money. The sole possibility of getting them at this stage is when the interval lapses when they are unfrozen. Preventing the levy lets you get your resources for fulfilling other expenses.

When and Why Levies Get Slapped On

The Internal Revenue Service bank levies are applied as a final resort for you to your account to pay taxes. It occurs to those in Arkansas who receive many evaluations and demands of the taxes they owe the revenue agency. Failure to act within the legal duration of a tax obligation leaves no choice besides to proceed for your bank account to the IRS. This occurs through communication between your bank and the IRS. You may find that on a certain day, if you are not aware. It can be more than that and you get a refund after the levy period, although the amount equal solely affects to your tax debt. Bank levies follow a final notice for meaning to levy along with a notification about your legal right to a hearing. In summary, the IRS notifies you of the bank levies that are pending. When implemented, the IRS can only require money which was in your bank on the date a levy is used.

How to Have Bank Levies Removed in Texarkana

There is a window of opportunity for you to utilize to get rid from your account of bank levies. Getting professional help as you take measures to safeguard your bank assets is a sensible move that you just ought to take. By being a step ahead of the IRS, you get rid of the bank levies. With a professional service it will be simple for you to know when to take your money out of the bank. You certainly can do it by getting into an installment arrangement. Lastly, you can go for ‘offer in compromise’ as a method to get tax forgiveness.

They may be very complicated to carry out, while the alternative seem simple. Understand every aspect of the law, have the resources to do so, you need to act fast and deal with associated bureaucracies levied by banks and also the IRS. The smart move would be to phone us for professional help with your IRS situation. We have expertise and skills that have made us a number one choice for many individuals. For more information and help, contact us for partnered tax professional aid.

It's time to cease the revenue officers from harassing you and for all!

 What is a Revenue official?

Agent or an IRS officer is a typical visitor to your Arkansas business or daily life. Getting a differentiation between the two is very important for you to know how to cope with each. An IRS representative has the main purpose of auditing tax returns. They send notifications regarding at hand audits via e-mail. When you get an email from IRS representative, you can either go to local IRS office or an agent comes over to your house or business to audit returns.

An IRS official on the other hand deals with more complex tax issues. For instance, if an IRS representative discovers that you never have paid taxes on a specific source of income, your case is referred to as IRS official. Thus the primary occupation of an IRS officer is to take care of back tax liability or a tax debt.

The Internal Revenue Service assigns you a revenue officer in the following situation:

Failure to Gather Tax Payments

When the IRS has failed to successfully collect taxes from you using the regular channels like levies, telephone calls, notices and e-mails.

Un-Filed Back Taxes

Like payroll taxes when you fail to pay particular form of taxes.<?p>

Huge Outstanding Tax Liabilities

A typical figure being 25,000 dollars or more. when your tax liability is significantly large

Remember IRS revenue officers are mandated by law to undertake measures to regain the taxes. These measures repossess wage garnishments or property, freeze assets, impound and can include issue levies. Anticipate these officers to appear at your home or location of companies unexpected or without prior communication. In rare cases, you might be called by the policemen or send you emails summoning you to their offices. Try to cooperate with them to avoid further complicating your case and try to pay you over-due taxes to the extend your income can adapt. In case your case is complicated or the tax amount demands you to workout a blueprint to pay, you’ll need the services of an attorney.

What You Should Do if you Get {a Revenue Official|an IRS Revenue Official

When you’re not able to settle your debt instantly, the IRS official might request some files and financial records. Filling these forms ought to be done right and accurately thus the services of an attorney are needed. Should you fill the forms wrongly whether intentionally or unknowingly, the IRS can use this against you and sue you for tax evasion. Therefore, as soon as you get these forms, the first thing to do would be to call a lawyer.

Without a lawyer, the IRS officers might intimidate you into agreeing to a strategy that you cannot afford but which makes their job easier. An attorney is able to certainly negotiate and get you a more flexible one in the event you are given tight datelines. Remember, there are lots of options that may be offered by the policeman. A common one in case related to payroll delinquent is to evaluate and assign you a retrieval penalty trust fund. For this to happen, an interview should be run to ascertain who is the actual offender between an individual and a company and having an attorney in this interview in Arkansas is a matter of necessity.

Un Filed tax returns may add up to mean thousands in interest costs and extra penalties as time passes, so act now to avoid paying more.

Have you forgotten to file your unpaid tax returns for a number of years? We can assist.

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

In case you have any missing tax file notably within the past 10 years, then you need to request a copy from IRS simply by filing form 4506-T. Form 4506-T is the tax return transcript. You should make use of the form to request for 1099S, W-2S which should provide support for your tax write-offs. Nevertheless, you should not expect to get a duplicate of the initial file. IRS will give you a transcript including the info you should file your tax returns.

In addition, you must file your tax returns that are back on the initial forms for that tax year. Begin by seeking for them in the IRS website. After you have collected all the important documents, double check to ensure you are using the instructions associated with an identical tax year you’re filling returns for. Tax laws are constantly changing and using the wrong directions may need you to begin the filing procedure once more. Eventually, they must submit all of the forms to the Internal Revenue Service through the address given.

What to Do With Un-Paid Tax Returns

In case you have some additional income tax for the previous years, you must include as much payment as you can. This means you’ll reduce interest charges accumulation. Unlike the tax penalties which halt once they are at the maximum to accumulate, the monthly interests continue to pile up until the tax has been paid by you. They’ll send you a notice of the exact amount you need to pay as a fee and interest rate, after the IRS has received your tax returns.

You may need to work with all the IRS if you’re not able to pay your tax returns in full. However, you should note the past due debts and taxes that are back, can decrease your federal tax refund. Treasury offset program may use part or your whole federal returns to settle any unpaid state or national debt.

It might use component or your complete tax refund to pay some debts including unemployment compensation debts, delinquent student loans, and parent support. If you have filed tax returns jointly with your partner you might be entitled to part or the entire offset.

But if you owe any common responsibility payment, IRS can offset the liability against tax refund due to you personally.

What You Should Do If You Have Back Tax Returns

You can consult our BBB A+ rated Texarkana tax law company for help in case you have not filed your back tax returns for many years.|} Our team of experts in Arkansas is always ready to help you solve your problems and in addition they’re always ready to answer your questions.

Our Texarkana team can remove your wage garnishment within 24-48 hours

What is a Garnishment?

Should you owe the IRS back taxes and also don’t respond to payment notices or their phone calls chances are that you may be subjected to an IRS wage garnishment. In other quarters, it is also known as wage attachment or a wage levy.

The garnishment procedure is usually quite drawn-out, first the IRS discovers how much you owe them in back taxes, once this has been done, they’ll send you several payment request notices in the email in addition to more than one phone call with relation to the debt in question. Failure to respond to the phone calls and notices,automatically results in a ‘Notice of Intention to levy” being sent to your last known mailing address. You generally have thirty (30) days to touch base with IRS with regards to this notice till they proceed and forwarding the notice to your Texarkana company. After this notice was sent to the Texarkana company, you’ve got an additional fourteen (14) days to make a response before garnishment of wages starts. The employer generally has at least one pay period before they are expected to send the money, after receiving a notice of levy.

How Much Can they Take from My Wages?

IRS garnishment rules typically allow the Internal Revenue Service garnish or to deduct more or 70% of an employee’s wages; this is mainly done with the aim of convincing his representative or the employee to get in touch with IRS to settle the debt.

Wage garnishments are generally one of the very competitive and severe tax collection mechanisms and one should never take them lightly, as a matter of fact, they would rather solve tax issues differently and just sanction this levy when they feel they’ve ran out of feasible alternatives. Though paying off the taxes you owe the IRS is the simplest way out of such as situation, this is generally not possible because of wide array of reasons. First and foremost, you may not have the tax liability or the whole sum may belong to someone else or your ex spouse, you will be asked to show this though.

What should I do because of a wage garnishment?

Do pretty quick and you thus have to discuss any payment arrangements with the Inland Revenue Service. In this respect, it’s imperative that you simply get in touch with an expert who’ll allow you to easily get a wage garnishment discharge and stop or end the garnishment. We are a Texarkana BBB A+ rated tax firm with a team of highly competent tax lawyers with years of experience along with a long record of satisfied clients to demonstrate this. Touch base with us and we promise to get back to you within the shortest time possible, normally within one working day or less.

Other Cities Around Texarkana We Serve

Address

Texarkana Instant Tax Attorney

122 E Broad St, Texarkana, AR 71854
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
Cities Around Texarkana We ServeAlleene, Ashdown, Ben Lomond, Blevins, Bradley, Buckner, Cale, Columbus, De Queen, Delight, Dierks, Doddridge, Emmet, Foreman, Fouke, Fulton, Garland City, Genoa, Hope, Horatio, Laneburg, Lewisville, Lockesburg, Magnolia, Mc Caskill, Mc Neil, Mineral Springs, Murfreesboro, Nashville, Ogden, Ozan, Prescott, Rosston, Saratoga, Stamps, Taylor, Texarkana, Waldo, Washington, Willisville, Wilton, Winthrop
City WebsiteTexarkana Website
WikipediaTexarkana Wikipedia Page

How do I settle my tax debt for less?

An offer in compromise permits you to settle your tax debt for significantly less than the entire amount you owe. It might be a legitimate option if you can not pay your full tax liability, or doing so creates a financial hardship. IRS consider your unique set of facts and conditions: Skill to pay; Income; Expenses; and Asset equity in Arkansas. They usually approve the most they are able to expect to collect within a fair period of time are represented by an offer in compromise when the sum offered. Investigate all other payment options before submitting an offer in compromise.

How Do You Get an Offer in Compromise?

You'll find step-by-step directions and all the forms for submitting an offer in the Offer in Compromise Pamphlet, Form 656-B. Your accomplished offer package will comprise: Form 433-A (OIC) (individuals) or 433-B (OIC) (companies) and all required documentation as specified on the forms; Form 656(s) - individual and business tax debt (Corporation/ LLC/ Partnership in Arkansas) have to be submitted on separate Form 656; $186 application fee (nonrefundable); and Initial payment (non refundable) for each Form 656. Pick a payment option. Your first payment will vary based on the payment option as well as your offer you select.

How to Reduce Tax Debt to the IRS?

There are many methods to reduce one's IRS tax debt. First, using assistance from a CPA or a tax lawyer in Texarkana to aid in assessing the citizen's situation and coming up with the very best game plan to reduce the person 's Internal Revenue Service (IRS) tax debt is a good starting point. These tax professionals can give sensible guidance on how to lower your tax debt and they are equipped with the knowledge about how to handle the IRS. If a taxpayer really has intense back tax debts, then a tax professional can deal with the amounts and come up with the most effective alternative to remove the tax debt in Arkansas.

Can Tax Debt Be Reduced?

Yes, your tax debt can be reduced. There are many ways to reduce one's IRS tax debt. For instance, using the help of a CPA or a tax attorney in Arkansas to help in assessing the taxpayer's situation and coming up with the very best game plan to decrease the person 's Internal Revenue Service (IRS) tax debt is an excellent starting point. These tax professionals can give sound advice about how to lower your tax debt and they are more equipped with the knowledge about how to deal with the IRS. If a taxpayer indeed has severe back tax debts, then a Texarkana tax professional can handle the amounts and produce the most effective remedy to eliminate the tax debt.

How Much Can My Tax Debt Be Reduced?

Depending on your individual situation, you can expect to lower your tax debt beyond and by anywhere from 35% to 85%. If you have faced substantial financial hardship in Texarkana, such as medical emergency, job loss, or something different, you may qualify for some programs which might drastically lower your debt. But should you do not, simply by removing the IRS fees and interest charges, you can easily get 25% to 40% off of the sum you owe.

How Does the IRS Offer in Compromise Work?

The IRS Offer in Compromise works in such a style that it permits you to settle your tax debt for under the full amount you owe. In the event you can't pay your tax liability that is complete, it could be a valid option, or a financial hardship is created by doing so. The IRS consider Ability to pay your unique group of facts and circumstances; Income; Expenses; and Asset equity. The Internal Revenue Service generally approve an offer in compromise when the sum offered represents the most they are able to expect to accumulate within a fair time in Arkansas.

What Should I Do to Prepare for an Offer in Compromise Agreement?

As a way to get ready for an offer in compromise arrangement, you should make sure that the following are included in your offer in compromise package sent to the IRS: Cover letter and memorandum including the facts along with a discussion of the law; Form 656-B (Pamphlet with forms) or 656-L; Form 433-A (OIC) or Form 433B (OIC) (not needed if Doubt as to Liability); Supporting records for Form 433A or B. In preparing an offer, ensure that you clearly say in the opening paragraph of the memorandum under what ground you're submitting the offer from Arkansas.

How Should I Choose My Tax Lawyer?

Selecting your tax lawyer can sometimes be challenging but it is extremely crucial when it comes to your tax problems. Hiring a tax lawyer to assist you with your tax needs in Texarkana, AK depends on your particular scenario. The tax lawyer you select can make it a million times worse or correct the problem. This is specific questions must be asked before you hire the lawyer. You need to make sure you have someone knowledgeable, truthful and working for you, and not against, on your side. Locate the tax lawyer who's going to cool that hot water for you.

Can Tax Debt Be Included in a Chapter 13?

How a tax debt will be treated in Chapter 13 bankruptcy depends on whether it is a precedence or non-priority tax obligation. Priority tax debts are not dischargeable in bankruptcy and also you should pay them off in full through your Chapter 13 repayment plan. In comparison, non-precedence tax obligations are treated the same as your other general unsecured debts (such as credit cards and medical bills) and wiped out when you receive your discharge. Most taxes are considered priority debts in bankruptcy. Therefore, you can't remove them merely by receiving a discharge and filing for bankruptcy. Should you file for Chapter 13 bankruptcy in Texarkana, you should pay off your priority tax debts in full through your repayment plan.

Can My Tax Debt be Forgiven?

Yes, your Tax Debt can be forgiven, but the tax impact of debt forgiveness or cancellation will depend on your own individual facts and circumstances. Generally, in the event you borrow cash from a Arkansas commercial lender and the lender after cancels or forgives the debt, you may have to comprise the cancelled amount in income for tax purposes. The lending company is generally required to report the amount of the canceled debt to you personally and the IRS on a Form 1099-C, Cancellation of Debt. There are many exceptions to the taxability of cancelled debt, including insolvency or bankruptcy.