Options For Resolving Tax Debt

Benjamin Franklin famously opined about the certainty of death and taxes. If you are facing tax debt, you certainly have plenty of company. If you owe tax debt that you are unable to pay, relief is available and we can help.

But it is important to enlist a lawyer who can help you resolve your tax debt most effectively. At Marsh, Higgins, Beaty & Hatch, P.C., in Vancouver, Washington, our attorneys can help you choose among the available options for addressing tax debt in a way that makes the most sense for your situation. Give us a call today to discuss your circumstances with us in a free consultation.

What Is The Best Option For Dealing With Your Debt?

Of course, it is entirely possible that you don't owe the back taxes that the IRS or a state revenue agency says that you owe. Our firm has the strength in tax litigation to help you challenge tax authorities, either in court or within the agencies' own internal processes.

In many cases, however, it may not be advisable to challenge the tax debt itself. The question should be how to resolve it in the way that makes the most sense for you. At the federal level, one option is a short-term payment plan. If you have enough money to pay within your tax debt within 120 days, this could be a good way for you to move forward and avoid a tax lien.

A short-term payment plan may not be long enough, however, to resolve your tax debt fully. To get the tax relief you seek, you may need to look at an installment agreement that stretches the payments out longer. It may also be possible to get the IRS to agree to an offer in compromise (OIC), under which you negotiate to settle your tax debt for less than the full amount that you owe.

Our attorneys can analyze your situation and guide you toward the tax debt resolution that fits best with your goals and circumstances.

Get The Skilled Counsel You Need

To arrange a confidential consultation with an experienced tax attorney at our firm, call 360-450-0993 or 866-678-1372. Or, if you prefer, complete our online form.