Being over your head in any kind of debt is a painful experience for just about anyone. Being over your head in Tax Debt, though, brings unmatched pressures. Virtually without warning, and usually without the necessity of a court order, the IRS or a state taxing agency may:
Seize your bank account.
Garnish your wages (or your accounts receivable if you’re self-employed).
Levy on your home, car or business property, and sell it right out from under you.
Keep your tax refund.
Truly, for those with tax debts, there is no place to hide! But with proper representation, tax problems can be solved! Here are just a few of the ways how:
Offers in Compromise
Large tax debts do NOT necessarily have to be paid in full. Both Federal and State laws recognize that people deserve a break if they cannot conceivably pay back a tax debt within several years. In that situation, taxpayers may make an Offer in Compromise – that is, taxpayers may offer the IRS or state taxing agency as little as pennies on the dollar in full satisfaction of their outstanding tax debt.
Offers in Compromise require the completion of detailed forms and the assembly of numerous financial records. Furthermore, the IRS and state taxing agencies have strict guidelines for what constitutes an acceptable Offer in Compromise. You need to work with someone who knows the process, and knows your realistic chances for success. Arnie Wuhrman knows how to get Offers in Compromise done, and accepted!
Innocent Spouse Relief
Sometimes the one you trust the most – your spouse – leaves you "holding the bag" for tax debts you don’t deserve. Federal and state laws recognize that an individual should not necessarily have to pay taxes where:
Their spouse incurred the tax liability through fraud, and kept it from them;
Their spouse was supposed to pay taxes they both rightfully owed, but secretly used the money for another purpose; or
Their former spouse agreed to take full responsibility for a tax debt in a divorce case, but then failed to pay the tax bill as promised.
Arnie Wuhrman has helped many "innocent spouses" escape the tax holes their spouses or ex-spouses left them in. Arnie can help you, as well, to avoid suffering for the sins of someone else.
"Tax debts don’t go away in bankruptcy," you’re thinking to yourself. Surprise! Many of them will.
For instance, income and sales tax debts usually can be erased in Chapter 7 bankruptcy, or substantially reduced and paid off over time in Chapter 13 bankruptcy, if they are:
At least three years (3) old (calculated from the due date of the return, including any extensions taken);
Based upon taxes for which the return was actually filed at least two (2) years before the bankruptcy case is commenced; and
Based upon taxes which were assessed at least two hundred forty (240) days before the bankruptcy case is commenced.
The analysis of whether or not tax debts are dischargeable in bankruptcy requires specialized knowledge and experience. Arnie Wuhrman not only has years of both, but is also a recognized authority on the subject who has taught other lawyers about the subject nationwide. Let Arnie put these special skills to work for you.
In still other cases, a taxpayer can, and should, pay his or her taxes in full, but needs time to do it. The IRS and state taxing agencies have detailed guidelines for the preparation and allowance of proposals to pay off taxes over time, in instalments. Arnie Wuhrman will put together your installment proposal and fight for its acceptance by the taxing authority. Arnie will see to it that, if you do have to pay your taxes back over time, you can pay them on a schedule that you can live with.
Audit Defense and Appeals
Occasionally, an individual or business really doesn’t owe taxes, but the IRS or state taxing agency won't accept the taxpayer's claim agree. Arnie Wuhrman can help you defend your position to the taxing authorities, and beyond. Arnie will pursue your rights through the internal appeals process, and even take your case to court if need be.
Unfiled Tax Returns
Still others being pursued by the IRS or a state taxing authority are in trouble simply because they haven't prepared and filed the appropriate tax returns (sometimes, these taxpayers may even ben entitled to a refund that they're not getting due to non-filing). Arnie Wuhrman can help you file all of your old tax returns, even those going back several years. What if you no longer have the information needed to prepare the returns? Arnie can often help you get all of your income and tax withholding records from the appropriate authorities.
Taxpayers With Homes/Families Abroad
Many American taxpayers living abroad don’t realize that they are entitled to special tax treatment under federal and state tax laws, and that the families they create abroad entitle them to still further tax breaks. Arnie Wuhrman has years of experience in working with taxpayers who live overseas. Arnie will help you qualify for your Foreign Earned Income Exclusion, and also help you register your foreign-born spouses and children with the IRS, so that you may claim all of the exemptions and deductions allowed to taxpayers with families.