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How Todd Spodek’s Law Firm Can Help You Get out of Tax Debt
Are you struggling with tax debt? Are you worried about the IRS garnishing your wages or seizing your assets? At the Spodek Law Group, we understand how stressful and overwhelming it can feel to be in debt. Our attorneys have extensive experience in dealing with tax issues and helping clients get back on track financially. We offer legal assistance 24/7, and you can reach us at 855-466-6796 for a free initial consultation. In this article, we discuss some ways our firm can help you get out of tax debt.
Negotiating an Offer in Compromise
The Offer in Compromise (OIC) program allows taxpayers with outstanding tax liabilities to settle their debts for less than what they owe. This program may be beneficial if you cannot afford to pay your entire tax bill or are experiencing financial hardship. However, the OIC program is complex, and many applications are denied each year. Our attorneys can assist you in negotiating an OIC that works for your unique circumstances.
Installment Agreements
An installment agreement is an arrangement between a taxpayer and the IRS that allows the taxpayer to pay off their tax debt over time through monthly payments. Depending on the amount owed and other factors, an installment agreement may be more favorable than paying off a lump sum or filing for bankruptcy. Our attorneys can help you negotiate a reasonable payment plan that works for your budget.
Stopping Wage Garnishment and Levies
If you owe back taxes, the IRS may garnish your wages or seize your assets as a means of collecting payment. Wage garnishments and levies can cause financial hardship and lead to additional stress. If you are facing wage garnishment or asset seizure, our experienced attorneys can work quickly to help stop these actions from taking place.
Bankruptcy Options
In some cases, filing for bankruptcy may be a viable option to relieve tax debt. Depending on your circumstances, filing for bankruptcy may enable you to discharge or reduce your tax debts or create a payment plan that allows you to get back on track financially. Our attorneys can assist you in deciding if bankruptcy is the right option for your situation.
Conclusion
At the Spodek Law Group, we understand how daunting it can be to face tax debt. Our attorneys are committed to helping clients achieve financial relief and peace of mind. We offer legal assistance 24/7, and our initial consultations are always free of charge. Don’t wait any longer to get out of debt – contact us today at 855-466-6796 for help with your tax issues.
Table: Tax Payment Options
Option
Explanation
Offer in Compromise (OIC)
A negotiation between taxpayers and the IRS to settle their tax liabilities for less than what they owe
Installment Agreement
An arrangement between a taxpayer and the IRS that allows the taxpayer to pay their taxes over time through monthly payments
Wage Garnishment/Levy Release
Assistance in preventing wage garnishments or asset seizures by negotiating with the IRS
Bankruptcy Options
Filing for bankruptcy may discharge, reduce taxes owed or create payment plans that can offer a fresh start for individuals struggling with tax debt
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