Drowning in tax debt? You may find relief via an IRS Offer in Compromise, or OIC—an option that allows taxpayers to reduce outstanding IRS tax debts. We’ve guided countless clients through this program and negotiated their tax bills down to pennies on the dollar.

But be warned: The rules are inflexible and messing up can be costly. If you’re considering an Offer in Compromise, you need an experienced IRS debt lawyer who will fight for your rights, deliver the lowest tax bill possible, and be honest about what you can expect.

Are you facing tax debt due to your spouse’s (or former spouse’s) actions? If you had no knowledge of their tax issues, you may qualify for Innocent Spouse Relief. This will reverse IRS collections of back taxes, penalties, and interest.

We’ve successfully helped many clients file for Innocent Spouse Relief. If the IRS is breathing down your neck, call our experienced tax attorneys today at (847) 580-1279 for a confidential consultation.

In addition to tax debt, you may incur tax penalties—most commonly for non-filing and non-payment. However, in some cases, you may be eligible for tax penalty abatement.

Penalties can add up quickly, making it even more difficult to pay off your tax debt. Penalty abatement can help reduce or eliminate these penalties, making it easier to pay off your tax debt over time.

There’s nothing worse than the IRS taking your hard-earned money while you’re struggling to make ends meet. If you are unable to pay your tax debt due to financial hardship, you may be able to apply for Currently Non Collectible status, which temporarily suspends collection efforts. This can give you time to get back on your feet and avoid more serious consequences.

Want to explore this option? Speak to a tax relief attorney today! Contact Gordon Law online or call (847) 580-1279.

Did you know you can settle tax debt with an IRS installment agreement? This can help you pay off your tax debt within a predefined time limit, and finally rest easy knowing your tax woes have come to an end. There are 2 types of installments available:

Streamlined Installment Agreement

A Streamlined Installment Agreement may be the best option for paying IRS tax debt if your debt is below $50,000. Unlike other payment plans, if you qualify for a Streamlined Installment Agreement, you do not have to provide the IRS financial information such as your income, expenses, or equity in assets. However, the balance must be paid off within six years or before the Collection Statute Expiration Date. Interests and penalties may still be issued by the IRS until the full amount is paid.

Complex Installment Agreement

A Complex Installment Agreement is a payment plan for taxpayers who owe over $50,000. The balance must be paid off within 5 years (60 months) or before the Collection Statute Expiration Date. Interests and penalties may still be issued by the IRS until the full amount is paid.

With a Complex Installment Agreement, you must provide your financial information to determine a minimum monthly payment. The payment amount is calculated by subtracting monthly allowable expenses from your monthly gross income.

Our experienced tax debt attorneys can negotiate your monthly payment down to as little as possible, helping you finally find the relief you need from overwhelming tax debt.

Call (847) 580-1279 or contact us online today to schedule a confidential consultation.