What is a Tax Attorney?

Hiring a tax attorney becomes a necessity for taxpayers struggling with outstanding balances and other issues with the Internal Revenue Service. A tax attorney or IRS attorney is a lawyer or law professional who is specialized in the field of tax law. To become a tax attorney, candidates must go through years of rigorous course work, exams, and numerous years of extensive training through internships and the like in order to be considered a tax attorney.  Many, if not most, tax attorneys have a bachelor’s degree in law and may have an emphasis or double-bachelor’s degree in accounting. While attending law school, a tax attorney focuses their learning on the field of tax law by taking specialized courses aimed to increase knowledge on the difficult body of knowledge known as the Tax Code.

An IRS attorney has graduated and passed a rigorous state examination called the bar exam. This rigorous test determines whether a candidate is qualified to practice law in a given jurisdiction. The exam itself is a notoriously demanding endeavor, but should he or she pass, they are thereafter licensed by the state to practice law.  It should be noted that less than half of those who take the exam for the first time pass, so you can be sure that your tax attorney is well-schooled in tax and finance law.

Tax Attorneys at Community Tax

Many clients in need of tax help find that tax professionals charge high rates that are out of their budget, leading these individuals to avoid hiring a tax attorney to solve their tax issues.  Unfortunately, many tax attorneys charge an hourly rate, which equates to steep mounting costs. It is not uncommon for hourly rates to reach upwards of hundreds of dollars.  In addition, those tax attorneys will most often tack on other service fees such as those relating to preparing tax documents or performing research.  This can add hundreds of dollars more to your already expensive hourly fee.

At Community Tax, we never charge by the hour.  We recognize that this is often too expensive and out of budget for many people who are in need.  Instead, we charge one flat and reasonable fee for the initial investigation of your tax situation.  If we determine that you need additional assistance to set up a resolution or to catch up on your taxes, we will never bill you for more than what you need.  We treat each case on an individual basis with special care and attention to your needs, without adding the stress and anxiety of a rising hourly bill.  We are committed to keeping bills within a reasonable amount, so that you can feel confident that we are taking care of you both legally and financially.

If you are in need of professional tax help with the IRS, then do not hesitate to reach out to us.  Our professionals will connect you with the right tax attorney or certified public accountant to fit your specific needs.  We will never charge you for more than what is absolutely necessary, and you will be able to work directly with an enrolled agent, IRS attorney or CPA on any aspect of your case. They will be sure that the resolution is tailored to your special needs, and they will personally answer any and all of your tax questions to make you more prepared.

How our Tax Attorneys Can Help

Many taxpayers may not be aware of their options when they can’t make their current year tax payment.  This is due in part to the overwhelming feeling of anxiety and intimidation surrounding dealings with the IRS.  This can often lead to mental and physical stress, impact relationships, and cause further professional strain.  The stigma surrounding the IRS causes many people to kowtow to the demands of the IRS without seeking alternative options, which leaves many at a loss.  Furthermore, others may avoid paying altogether out of fear.  Both avoiding payment and not considering other options are detrimental to your financial future, and possibly worse.  You should take note that avoiding payment is never a good option, and it can severely limit your financial well-being and result in serious legal action.

In reality, IRS is often willing to work with you. The IRS website provides a lot of information about your various options of repayment and negation. However, even though the IRS website does offer plenty of valuable information, the terminology and process can seem too difficult to comprehend.  In addition, without professional help, many taxpayers are unsure as to whether they are making the best decision with their tax debt.  We are here to sort through the information for you and streamline the process.

The tax attorneys and CPAs at Community Tax are here to provide only relevant information to you to reassure you that you are in good hands.  We are here to aid you with tax relief help and answer any questions you may have.  Our goal is to not only represent your case and provide a plan of action, but also to educate you and give you the tools so that you may avoid a tax burden in the future. We encourage you to remain compliant with the IRS until the IRS approves our proposal. Additionally, working with Community Tax professionals to resolve your tax problems can provide you with the assurance that all the necessary steps are being taken to fix your case correctly. Our Community Tax CPAs, tax attorneys, and enrolled agents are eager to work one-on-one with their clients to ensure that their case is streamlined. This ensures our clients the most optimal tax relief plans, designed to fit their goals and particular financial situation.

Our Attorneys Will Negotiate the Best Payment Plan for You

Tax debt is a heavy burden that can jeopardize you and your family.  However, it is essential that you respond right away.  If you do not respond in a proper and timely manner, you are at risk for a tax lien. A tax lien is one of the final courses of action against truant taxpayers. When the IRS is given the full right to seize all assets, including a garnishment on your income, extracting money from your bank accounts, taking any property you may have, seizing and selling all of your vehicles, and taking any other assets that have monetary value.  Our tax attorneys have a thorough knowledge and experience that will help clear you of your financial burdens.

The professionals at Community Tax are equipped to negotiate a number of tax issues before the IRS, including installment agreements and an offer in compromise.  Our tax attorneys are equipped to analyze all of your current tax information and up to date financial situation to find the best course of action for you.  While there are many payment options available, including using a credit card or taking finances out from your home, there are still others that may be more beneficial.  Below is a detailed description of some of the popular payment options that our tax attorneys may be able to negotiate, if you have the inability to pay in full.

Negotiate an Installment Agreement.  An installment agreement was designed by the IRS for taxpayers who are unable to pay off their entire tax debt in full.  An installment agreement provides a taxpayer the opportunity to make smaller payments over time, under the stipulations that you will comply to pay off all of your debt in monthly installments, until the tax debt is entirely paid off.  If they are able to receive all of the payment and you are able to pay within a reasonable amount of time, they are likely to accept an installment agreement.  If you negotiate with the IRS to enter an installment agreement, then you both agree that you will comply with timely payments every month within a certain timeline, and you also agree that you will make timely tax payments in the future.  If an installment plan is instated, you will not be issued a tax lien on your assets and income.

Guaranteed Installment Agreements.  The guaranteed installment agreement is typically the easiest to obtain, and therefore one of the most popular payment options for those who qualify.  The minimum payment for this plan every month is $25, however there is a catch: you still must pay in full within 36 months, which is the equivalent of five years.  The stipulations are simple: the principal being that your debt must be no more than $10,000.  Take note that to qualify for this plan, you must have also already filed all past tax returns.

Non-Disclosure Installment Agreement. In the non-disclosure installment agreement, you do not have to disclose the majority of your financial information at the time you apply.  In technical terms, this means that you are not required to fill out a 433F form, also known as the Collection Information Statement.  If you were required to fill out this statement, as in other payment agreements, you would have to disclose all living expenses living expenses, avenues of income, bill payments, and all other valuable assets.  If you are allowed to pay according to a non-disclosure installment agreement, you are then allowed up to seven years to pay off all tax debt.  Another benefit of this negotiation, just like in a guaranteed installment agreement, is that creditors will not be notified and you should not experience a change in your ability to earn or use credit.

Streamlined Installment Agreements. The Streamlined Installment Agreement has a much broader range of debt opportunity—your debt can be as much as $50,000 or less.  Within this plan, there are two different routes of payment.  One plan is for those who only owe $25,000 or less, while the second plan is administered for those who owe anywhere between $21,000 to $50,000.  As with all installment agreements, you must promise to pay all tax debt within a given time period—in this case, 72 months.  In addition, you must promise to file all future taxes on time.  As with the Non-Disclosure Installment Agreement, this installment plan eliminates the need to disclose detailed financial information to the IRS.  However, in some cases the IRS is allowed to gather more financial information.

Partial Payment Installment Agreements.  The partial payment installment agreement is considered a last-ditch resort for those who cannot realistically pay off all of their tax debt to the IRS.  If you are in danger of facing extreme financial hardship by paying all of your tax debt, then the IRS is likely to grant you this plan, should you appeal.  The IRS examines a taxpayers qualifications on an individual bases, and requires that you disclose all financial information.  They have the authority to provide a required monthly payment plan based on what they determine you can afford.  They do take into consideration your living expenses, and necessities to survive.  If making a large payment will force the taxpayer to live in squalor, the IRS is more likely to create a deal for the taxpayer to pay off a portion of what they owe over time.  One benefit to this plan is that you have the ability to adjust how much you pay every month, so long as you pay the agreed amount at the end of the term.  However, the caveat is that the IRS is allowed to impose a tax lien to guarantee payment, in which case, creditors will be notified.  To attain a Partial Payment Installment Agreement, you are required to fill out a financial statement form issued by the IRS.

Offer in Compromise.  This plan is generally the most difficult to obtain.  An offer in compromise allows you to pay a much smaller amount of tax debt than you already owe.  For many, this provides the best opportunity to pay off debt.  The IRS does require that you provide a detailed account of all financial information, which they will critically analyze to see if this is the most realistic plan for repayment.  As you can imagine, the IRS grants this payment plan only rarely.  However, if they know they cannot get the full amount of payment in a certain amount of time, they are likely to grant this option.

In the Community Tax attorney department, enrolled agents and CPAs treat you as an individual, our fees are manageable, and we will never bill you for calling in and asking questions. Call a tax practitioner today to find out more about our easy payment structure and tax services.