Tax Debt Lawyer Scottsdale, AZ
Turn to a Scottsdale, AZ tax debt lawyer if you owe more money in taxes than you are able to afford. A lawyer will be able to set up a repayment plan for you and negotiate the rate which you must pay. They can also determine your eligibility for tax relief programs. Contact a lawyer today at Wright Law Offices for help.
Tips To Avoid Debt
If you are simply worried about tax debt, here are some tips to help you avoid it:
- If you are a business or contractor, make quarterly estimated payments. These amounts are estimated by an accountant. They look at how much you owed in taxes last year and factor in other information such as the rate at which your company is growing to estimate what you will owe the next fiscal year. They will then divide this into four, for the four quarters of the year, and create paperwork. Each quarter, you will make these payments to the government. Quarterly estimated payments are not required, but if not paid can result in a fine. It is recommended that you make these in order to owe less in taxes at the end of the year.
- Create a budget. Write down the goal for what you will make in a year. Factor in your current expenses, and then look up the general tax rate for your state — and don’t forget to verify what the federal tax rate for the year is. You can then use this to estimate what you will owe in taxes at which point you can create a plan on what you need to save monthly to pay at the end of the year.
- If you are employed for someone else, research what deductions you should claim in order to ensure the correct amount is being taken out of your paycheck so that you do not have to worry about owing taxes at the end of the year.
Steps After Debt
Sometimes, even if you follow all the tips listed above, you may still find yourself in debt for unexpected reasons. That is when you should reach out to a Scottsdale tax debt lawyer. They will be able to examine your case and determine which steps to take. Only extreme cases normally qualify for assistance programs from the government. This means that if your lawyer finds that you are not eligible for any of these programs, they will work to negotiate what you owe with the IRS as well as create a payment plan that fits in your budget and meets the government’s rules on timelines.
Tax law can be very complex. Having a knowledgeable attorney by your side can also have the added benefit of preserving your peace of mind. They will take care of all the paperwork necessary for your case and interact with the government so that you do not have to do so. They are here to represent your best interests. Contact a Scottsdale tax debt lawyer at Wright Law Offices for help.
Speak With Our Tax Debt Lawyer
As a Scottsdale, AZ tax debt lawyer knows, it can be difficult for many people to pay taxes to the IRS, whether it is your business taxes, your personal taxes, or payroll taxes. Although owing money to the IRS can seem scary and there can be serious implications, working with a lawyer you can count on from Wright Law Offices can make the difference between working out a repayment plan or having penalties imposed. The sooner you are able to get in touch with one of our lawyers, the sooner we can begin working toward a better solution for you. Give our office a call when you are ready to look at the options that are available to you.
What makes tax debt so difficult?
Debt is one of the hardest things to get out of because it is so easy to lose control of how much you owe. This kind of debt can quickly spiral and you may have a more difficult time making payments when you owe larger amounts of money. Further, you may be surprised to find that the IRS can not only garnish your wages but also seize your property. That means that even if you were counting on your money for other things that you find necessary, you may suddenly have a difficult time paying for groceries or other bills.
While it is possible to speak with the IRS on your own, you may be cautious and nervous to do so. Many people are concerned about the IRS using scare tactics or making threats. When you work with a lawyer, they can negotiate on your behalf while educating you on what you can do to relieve your tax debt. Even though you may be intimidated speaking with someone from the IRS, your Scottsdale tax debt lawyer can do this on your behalf.
What are my options when I am dealing with tax debt?
When you are dealing with tax debt, you have several routes you could go down. One thing your lawyer may recommend is filing for bankruptcy. If you are eligible for Chapter 7 bankruptcy, this can give you the chance to discharge all of your debts through liquidation. Additionally, if you are eligible for Chapter 13 bankruptcy, you have the opportunity to restructure your tax debt so that you can whittle away your debt through more affordable monthly payments.
Knowing that you are struggling with debt and that you owe the IRS money can feel hopeless. However, your lawyer can help you with an IRS tax settlement. In Arizona, you have the option of a payment plan, having a Currently Not Collectible status, and an Offer in Compromise. Your lawyer will know which forms you need to fill out and how long you will have to submit these forms.
Speak With Us Today
You should not hesitate any longer when you are struggling with IRS debt. Typically, the longer you wait to pay, the more severe the penalty will be. If you would like to see what Wright Law Offices can do for you, schedule a consultation now. Our Scottsdale tax debt lawyer is here to help you discover which option might be best for you.
What to Do When Tax Debt Collection Goes to Court
Not paying your taxes can have serious consequences — including being taken to court where you will need the help of a Scottsdale, AZ tax debt lawyer on your case. Many people are unaware of the process that takes place when they are sued by tax debt collection agencies. To help, we’ve broken down what happens when tax collectors take you to court and how best to deal with it. Learn more about this process, and then contact Wright Law Offices for help.
The First Step: Receiving a Summons
When you owe back taxes, the IRS will usually send you notices via mail or email, warning you about your unpaid taxes and giving you a chance to pay up before legal action is taken against you. Once all other attempts fail, the IRS may issue a summons from the court that requires you to appear in person at a hearing in front of a judge or jury. Failing to appear will result in an automatic judgment in favor of the IRS and could even lead to jail time for contempt of court charges. It is important that if you receive this summons, you take it seriously and do not ignore it; contact a Scottsdale tax debt lawyer as soon as possible so that they can advise on how best to proceed with your case.
Dealing with Your Tax Debt
At this point, your attorney can negotiate on your behalf with the IRS regarding any outstanding payments due. This can include reducing the amount owed (known as an Offer in Compromise) or setting up an installment plan where payments are made over time until the full amount is paid off. In some cases, negotiating with the IRS may be easier than dealing with debt collectors since debt collectors do not always have authority over payment plans and compromise offers. However, if negotiations break down then there may be no choice but for the debt collector to take legal action against you.
The Final Step: Resolving Your Tax Debt
If negotiations cannot be reached between yourself and your debt collector then you will need to appear in court for a hearing where both parties present their arguments as evidence before a judge or jury makes a ruling on whether or not any money is owed and how much should be paid by whom. It is important that when preparing for this hearing — with assistance from your attorney — you ensure that all documents and evidence presented is accurate so that there is no room for dispute later on down the line. Once all evidence has been presented at court, then hopefully an agreement between both parties can be reached regarding repayment terms or even dismissal of any claims made against you by the debt collector.
No one wants to be taken to court by their tax collector because it can potentially put them in financial difficulty and could even lead them into prison if ignored completely. If ever faced with such a situation it is highly recommended that professional legal advice is sought out as soon as possible so that any potential issues arising from being sued by a debt collector can be resolved quickly and efficiently without further damage being done either financially or legally-speaking; hopefully resulting in either settlement terms being agreed upon or complete dismissal of any claims made against them altogether. Contact a Scottsdale tax debt lawyer at Wright Law Offices today for help.