Navigating the IRS Collection Process in Richardson, TX
As of the end of 2016, there were over 14 million taxpayers in some stage of the collection process an many of those taxpayers were in Dallas, TX. If you don't solve your tax problems timely, you can expect levies, liens, a negative impact on your credit, and stress in your daily life and relationships that is unneccessary.
You can end up with your bank accounts levies, or a lien on your home. We have experience in helping Richardson, TX and DFW Taxpayers navigate the system and resolve their tax collection problems.
How do you Solve Your Tax Problems?
There are several different methods of settling collection issues.
- Fully pay the debt. That's the simplest solution but will require an immediate full payment of the tax debt.
- Setting up an Installment Payment Plan that allows you to pay your debt over time.
- Negotiating an Offer In Compromise where you will make an offer to the IRS for less than the full amount of the debt.
- Be placed in Currently Uncollectible Status if you qualify as not required to make payments at this time.
Not everyone qualifies for each of solutions. The IRS has specific rules to qualify for each of these solutions but by understanding the rules, you can make the best solution to your specific problem. There are also steps to effectively removes bank or payroll levies or allow you to sell your home that has a lien attached against it.
Once the issue is resolved, there are compliance requirements that you should be aware of in order to insure the agreement is not voided.
Do you Need Help?
In order to settle your debt, you need to understand the rules and communicate properly. If you are in or near Plano, TX and need help, feel free to contact me at Bob Jablonsky, EA at (972) 821-1991 or at bob@jablonskyandassocates.com. To learn more about us, visit our website at https://jablonskyandassociates.com/.
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