Reducing Your Tax Debt

Baton Rouge Attorneys & Accountants for Reducing Tax Debt

Representing Clients Who Need Help Dealing with the IRS

It may seem too good to be true, but many people can actually deal with their tax problems by reducing what they owe to the IRS. If you are behind on paying your taxes, there’s never a better time than right now to explore options that can help you reduce what you owe to the IRS.

Our attorneys and accountants for reducing your tax debt in Baton Rouge share more than 80 years of combined experience when it comes to helping clients deal with the IRS. We’ve successfully brokered installment agreements and offers in compromise before and can guide you toward developing a proposition that may be agreeable to the IRS.

No attorney can guarantee success, but by applying our personalized approach to your situation, we can provide an individual level of service that may increase your chances of reducing your tax debt.

Take advantage of a free initial consultation with our tax specialists. Schedule yours today by filling out our online contact form or calling (225) 434-5533.

Methods for Reducing Tax Debt

While not impossible, reducing your tax debt is anything but easy. That’s why clients have relied on our team at Alpha Tax Relief Specialists to negotiate installment agreements and offers in compromise for them with the IRS.

Because both of these methods either deny the IRS an immediate or full repayment of your tax debt, care must be taken in properly negotiating your plan. There may also be penalty abatement opportunities to eject tax liabilities accrued because of penalties placed against you by the IRS.

What Is an Installment Agreement?

If you cannot afford your full tax bill out of pocket this year, an installment agreement can help you pay off your combined tax debt, penalties, and interest in monthly installments.

  • If you owe $50,000 or less to the IRS, you may qualify for a long-term installment agreement where you may have more than 120 days to pay off your debt after it was initially due.
  • If you owe more than $50,000 but less than $100,000 to the IRS, a short-term payment plan of 120 days or fewer may be available to you.

Qualifying for an installment agreement often requires filing all of your tax returns on time in the past five years and not currently engaging in bankruptcy proceedings. If you are not current on your tax returns, you can request an extension, agreeing to file and pay on time in future years,

Negotiating an installment agreement is typically easier and more straightforward than an offer in compromise. Nonetheless, you should seek guidance from Alpha Tax Relief Specialists before taking action to secure your best possible chances of success.

What Is an Offer in Compromise?

An offer in compromise allows you to settle your tax liability to the IRS by paying an amount that is less than the total of what you actually owe. It’s not too good to be true, and in fact, those who can’t satisfy their debt with an installment agreement might consider making an offer in compromise to the IRS.

That said, some basic qualifications must first be met:

  • You must have filed all tax returns for the current year
  • Paid all required estimated taxes for the current year
  • Made all required federal tax deposits for the current quarter (if you are a business owner with employees)

As an additional consideration, you shouldn’t expect to lowball the IRS. Your offer in compromise must be equal or greater to what the IRS believes it could shake out of you if it took a collections action such as a lien or levy. By working with a tax specialist from our firm, you can get a better idea of how much you should propose paying to the IRS if you want to settle your tax debt for less than its worth.

What is a Penalty Abatement?

Another way of reducing what you owe to the IRS is to challenge the penalties it placed against you. Shockingly, penalties and interest can make up nearly 40 percent of your total tax bill when you are penalized for filing a late return or not paying your taxes in full.

If your initial tax liability nearly doubled because of penalties, the good news is that a capable tax attorney from our law firm can help you remove or reduce the penalties you owe.

Contact Us for Assistance

It’s possible to reduce what you owe to the IRS when you work with capable and competent attorneys and accountants. At Alpha Tax Relief Specialists, our team brings more than 80 years of combined experience to bear for our clients. We assist clients with important negotiations involving the IRS to make their tax liabilities more affordable.

If you want to explore the options that may be available to you when it comes to lowering your tax debt, reach out to Alpha Tax Relief Specialists for help. Schedule a complimentary consultation with our attorneys and accountants today if you want a risk-free opportunity to learn more about how we can help you.

Contact us online or call (225) 434-5533 today to tell us you’re interested in scheduling a free initial consultation.

Real Clients. Real Testimonials.

  • Danette is the finest tax preparer and financial advisor I have ever known.

    “Danette is the finest tax preparer and financial advisor I have ever known.”

    - Ron B.
  • She is an experienced tax professional working to make the tax code fair...

    “She is an experienced tax professional working to make the tax code fair...”

    - Deb A.
  • Danette is top notch...

    “Danette is top-notch at what she does”

    - Amanda F.
  • Thank you!

    “With the help of Alpha Tax Relief Specialists, I was able to rest easy at night knowing that my business was saved. Thank you for everything!”

    - Previous Client
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We Do Everything We Can to Help You

What You Can Expect With Us
  • Discounts Available for Quick Document Submission
  • Free Consultations & Flexible Payment Plans
  • Skill & Qualifications Put to Work for You
  • Over 80 Years of Combined Experience in Tax Law
Have Questions? We Can Help!

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.

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