Pay Back the IRS in Baton Rouge
Attorneys & Accountants Helping You with Overwhelming Tax Debt
If you have been saddled with too much tax debt for too long, it’s time to take action to recover your finances and keep the IRS at bay. At Alpha Tax Relief Specialists L.L.C., we can help you pay off your tax debt by negotiating special arrangements with the IRS.
Our attorneys and accountants share more than 80 years of combined experience when it comes to helping people reduce their tax debt to make it paying it more affordable. If you need legal assistance for paying your tax debt in Baton Rouge, our attorneys and accountants at Alpha Tax Relief Specialists L.L.C. are ready to help you.
Steps to Take to Pay Off Your Tax Debt
When you're facing mounting tax debt, it is important to take a look at the situation as a whole. You can take the following steps to find out where you stand and mitigate further damages:
- Work with a professional - Whether you have existing tax debt or you have determined you will not be able to repay your full tax return, it is important to retain an experienced attorney or accountant for tax debt right away
- Determine your total tax debt - You can use a free tax calculator to find an estimate for your tax debt, and your attorney or accountant can look over all of the details to determine what you owe
- File all tax returns - Even if you can't pay the full amount, not filing your taxes can land you in a far worse situation
How We Can Help You Eliminate Your Tax Debt
Options that may be available to you include an installment agreement – where you pay off your tax debt over the course of 120 or more days – or an offer in compromise, which involves negotiating a settlement of your tax debt for less than its full value.
These two options are often the most effective means for most people to deal with owing the IRS in back taxes.
An installment agreement is a payment plan with the IRS, allowing you to repay your tax debts over a period of time. Installment agreements must be approved by the IRS and do require setup fees. These fees can be waived or reimbursed if you qualify as low income taxpayer.
You are afforded some amount of freedom in choosing the amount you pay per month on your installment agreement. However, paying more per month can reduce your interest and tax penalties.
If you owe less than $10,000 to the IRS, you will likely be approved from a guaranteed installment agreement. This means that you have no minimum payment required as long as you pay off the balance within three years.
Offer in Compromise
An offer in compromise may allow you to settle your debt for less than what you owe to the IRS. In approving an offer in compromise, the IRS considers factors such as:
- Your ability to pay
- Your current income
- Your expenses
- Existing equity in your assets
Applicants involved in an ongoing bankruptcy or with recent unfiled returns are automatically disqualified from an offer in compromise.
Offers in compromise can be paid either through a lump sum cash or through periodic payments. Periodic payments can be made while the IRS looks over your application, counting toward the offer in compromise amount if it is accepted.
Why People Choose Alpha Tax Relief Specialists L.L.C.
At Alpha Tax Relief Specialists L.L.C., our past clients have valued our legal support for several reasons. Foremost is the confidence we can give them by demonstrating that we have the experience, knowledge, and skill it takes to help them achieve better outcomes. Although our firm was founded in 2020, our tax specialists bring 80+ years of experience to the table for each client.
Clients also value us because we care about their outcomes. For each client we serve, we strive to provide a personalized experience where the details of their situation and their goals are taken into account. With this input, we craft a unique legal strategy that responds to our clients’ concerns and takes advantage of opportunities that may help them achieve their goals or the best possible outcome.
We also offer flexible payment plan options for clients who need a tax attorney’s assistance but may not have the financial resources on-hand to afford one. With a smaller down payment and monthly installments to cover the rest, you can rest assured that affording legal help is possible with Alpha Tax Relief Specialists L.L.C.
Interested in a free initial consultation? Contact us online today to schedule yours.
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Skill & Qualifications Put to Work for You
Over 80 Years of Combined Experience in Tax Law
Call us for a free, no-obligation consultation to review the validity of your tax debt and provide you the advantages and disadvantages of the solutions to your unique situation. After our initial consultation, you will know the recommended course of action. We will provide you with the steps to take to be on the path to recovery in reducing your tax debt and the stress that tax debt causes. At the end of the of this path you will have obtained your financial freedom and peace of mind.Schedule a Free Consultation Today!