There is no doubt that dealing with the IRS can be stressful. Even if you haven’t done anything wrong and are up-to-date on your tax filings, hearing from the IRS can quickly ruin your day. The good news is that our skilled attorneys can often help resolve any issues without the need for costly litigation or audits.

Whether you have a tax debt to resolve or need counsel on a dispute, we are here to help. Over the years, we have helped countless taxpayers reach resolutions with the IRS while protecting their rights. Reach out to a West Palm Beach tax attorney at Frost Law today to learn more.

What Are My Tax Relief Options?

If you owe back taxes, you are not alone. Many individuals and business owners find themselves behind for a variety of reasons, from economic hardship to honest bookkeeping errors. Thankfully, our West Palm tax lawyers can help with the following options:

Offer in Compromise

An offer in compromise allows you to settle your tax debt for less than the full amount you owe. There is no doubt that shaving off some of your tax debt can be helpful, but the reality is that the IRS only agrees to this option in a limited number of cases. Our team can advise you on whether you qualify.

Installment Agreements

If you cannot pay your balance in full, you may be able to set up a monthly payment plan to cover what you owe over time. While you still have to pay the full debt, keeping up with your monthly payments usually means the IRS will halt any attempt to collect from you in other ways.

Penalty Abatement

Penalties can add up quickly, and they often represent a significant component of a tax debt. If you can show you had a reasonable excuse for not paying your debts, you might be able to avoid those penalties.

Currently Not Collectible Status

If you truly cannot afford to pay anything right now, the IRS may temporarily pause collection efforts until your financial situation improves. That does not mean they won’t come back in the future if your situation changes.

Audits and Appeals

An IRS audit does not automatically mean you did something wrong. Sometimes audits are random, and other times they are focused on a specific deduction or transaction. Unfortunately, it is never safe to assume that handling an audit on your own can be quick and easy. Our seasoned tax attorneys in West Palm can help you prepare and even meet with the IRS agents on your behalf.

If the audit does not go your way, you still have options. The IRS provides an appeals process that allows taxpayers to challenge audit findings without immediately going to court. It is not uncommon for disputes to be resolved in this way.

How a Tax Attorney Can Help

When you are dealing with the IRS, having the support of a strong legal team matters. A West Palm Beach tax lawyer can step in and communicate directly with the IRS on your behalf, which often brings immediate relief from constant notices and calls.

An attorney can evaluate your financial situation and determine which tax relief option makes the most sense. Rather than guessing which program you qualify for, your attorney can spell out the eligibility requirements. This can prevent costly mistakes, such as submitting incomplete applications or agreeing to payment terms you cannot realistically maintain. More than anything, your attorney can answer your questions and provide you with clarity in a complicated situation.

Speak With a Knowledgeable Tax Attorney in West Palm Beach Today

If you are facing a tax controversy or simply need some guidance on a complicated matter, our team is here to help. Call Frost Law today to discuss your options with a West Palm Beach tax attorney.