Tax Debt Resolution

Waco Tax Debt Resolution Attorneys

The consequences of not paying back significant tax debt can be pretty severe for people living in Waco. However, when there is not a realistic way for a person to pay back his or her tax debt, there may be a number of opportunities to deal with the Internal Revenue Service and find a more realistic way to resolve tax debt.

If you would like to learn more about our tax debt resolution services, Waco tax resolution debt attorney Erin B. Shank, PC, can help you get a better understanding of your financial situation and what actions may be taken to help relieve you of your unbearable burden. Though facing these debts can be nerve-wracking, an experienced attorney can help you find a better way to work through your current situation and regain control of your finances.

Common Tax Debt Resolution Strategies

Tax debt resolution can offer critical relief to people in Waco who are struggling with significant debt to the IRS. Though not every strategy will be applicable to every situation, the following strategies represent those that are most commonly employed to achieve tax debt resolution:

  • Chapter 7 bankruptcy-some debt owed to the IRS can be discharged in a Chapter 7 bankruptcy case.
  • Installment Agreement
  • Penalty Abatement
  • Non-collectable Status
  • Offer in Compromise

Regardless of the situation you are currently facing, our Waco legal team will do everything they can to help you make informed decisions about your financial future and propose solutions to your tax debt.

Consult with a Tax Debt Resolution Attorney in Waco

If you would like to learn more about how you may be able to benefit from tax debt resolution, Waco attorney Erin B. Shank, PC, will talk to you about what actions may be applicable to you and your financial circumstances. To discuss the particulars of your situation, please call our Waco office at (254) 296-1161 today.