Tax Debt Resolution Lawyer in Waco
If you are dealing with tax debt, you may be upset and confused about the best way to move forward. Tax laws are complicated, and it is easy to feel anxious and overwhelmed. Now is the time to discuss your options with an experienced Waco tax debt resolution lawyer.
Attorney Erin B. Shank has nearly 40 years of experience helping people with tax debt relief. Erin has a deep knowledge of Texas tax laws and federal tax laws. She has helped thousands of Texans with her tax relief services.
When it is time to deal with your tax debt, let Erin B. Shank give you a helping hand.
Erin and her paralegals are committed to your safety and convenience. They offer a 100% contact-free practice. Erin uses technologies such as virtual conferencing, electronic document gathering, e-filing, and digital signatures to represent her clients during this Global Pandemic. She can help you resolve your debt from the comfort, safety, and convenience of your own home.
Do not wait another day to begin resolving your back taxes. Contact Erin B. Shank today. For a free consultation, contact Erin online or call her now.
How A Waco Tax Debt Resolution Lawyer Can Help
Tax law is complex, and your options will depend on your unique facts and circumstances. When you need tax debt help, a tax debt resolution lawyer can help by:
- Analyzing your case to understand your debts and your income
- Advising you on the law and your options for IRS tax debt help
- Guiding you on options such as bankruptcy
- Being your advocate in any discussions with tax creditors
If you are facing a mountain of debt and need tax relief services, Waco and Killeen attorney Erin B. Shank is ready to help.
Common Tax Debt Resolution Strategies
Every tax debt case has unique circumstances. However, many cases rely on these tax debt resolution strategies:
- Chapter 7 bankruptcy – A lot of people think that taxes are not dischargeable in bankruptcy cases. That is not true. If you owe federal income tax and the tax return was due more than three years ago, was filed more than two years ago, and was assessed by the IRS more than 280 days ago, that tax debt is dischargeable in a Chapter 7 bankruptcy case.
- Installment agreement – In some cases, it may make sense to create a plan and pay off your tax debt by multiple payments over time rather than as a lump sum. This option may allow you to reduce the monthly financial pressure that you face.
- Currently Non-collectible status – If you are facing a tax debt that may cause you significant hardship, you may qualify for currently non-collectible status. Under non-collectible status, the IRS will cease collecting from you and you do not have to make payments. After ten years, this debt is no longer collected by the IRS. While you are in non-collectible status, all IRS garnishments and other collection techniques stop. The non-collectible status will not eliminate your debt, but tax debt that is more than ten years old is no longer collected by the IRS.
- Offer in Compromise – Depending upon the facts of your case, you may be able to present an offer in compromise on your IRS back taxes. An offer in compromise allows you to settle your IRS tax debt for less than you owe. This offer, which is based on your income, assets, and expenses, requires detailed documentation. If you are facing a tax debt that could cause significant hardship, this may be an option for you to consider. However, this option is very difficult to obtain from the IRS and is therefore rarely used by Erin’s office.
- Chapter 20 – Erin has filed a Chapter 7 bankruptcy case to discharge all debt except for non-dischargeable IRS debt. After the client is discharged in their Chapter 7 case, she files a Chapter 13 and the only creditor paid in that case is the IRS debt that was not discharged in the prior Chapter 7 case. This is frequently called a “Chapter 20″ bankruptcy case ─ 7 plus 13 equals 20. Clients can pay their Chapter 20 case off early and reduce the taxes and penalties that are frequently very high in non-bankruptcy repayment plans.
When Do I Need to Seek Tax Debt Resolution?
Tax debt is a serious problem, but IRS tax debt help is available. If you are facing any of the following problems, turn to attorney Erin B. Shank for help:
- You owe the IRS a significant amount of money.
- The IRS is trying to collect the debt.
- The IRS is garnishing you.
- You are facing financial hardship because of your debt.
Don’t Take on the IRS Alone
The IRS is a powerful organization whose trained staff and attorneys focus on debt collection. Those attorneys may have their eyes on you. Now is the time to let attorney Erin B. Shank find the best way to resolve your debt.
As an experienced tax debt resolution lawyer, Erin can handle any negotiations with the IRS. Erin can ensure that all the paperwork is correctly completed and filed on-time. Erin can advise you on options such as bankruptcy that make the most sense in your situation.
Erin also has a close personal professional relationship with a local Certified Public Accountant who helps her represent her clients. Many clients have delinquent returns that need to be filed, or amended, and working with this accountant enables Erin’s clients to have the benefit of both a tax resolution lawyer and accountant address their tax resolution needs.
Find Out How A Waco Tax Debt Resolution Lawyer Can Help
IRS officials specialize in collecting money, and they will do everything in their power to get it. If you are facing tax debt, it is important that you talk as soon as possible with Waco, Killeen, and Central Texas tax debt resolution lawyer Erin B. Shank.
Erin B. Shank has nearly 40 years of experience providing back tax help to people just like you. Erin and her paralegals are committed to helping you find the IRS debt relief you need. Erin’s law office puts your safety and convenience first, with a 100% contact-free practice. Erin can help you resolve your debt from the safety of your own home.
For a free consultation about your tax debt, contact Erin online today or call her.