Segal, Cohen & Landis, P.C. - Tax Attorneys

If you are facing trouble paying your tax debt, you can heave a sigh of relief as revenue service of the US federal government, Internal Revenue System (IRS) have come up with a program known as Offer in Compromise. You and the IRS can sit down, discuss, and agree on a tax debit that you are able to pay, which is less than the actual debt required to pay. IRS offer in compromise is beneficial for both the tax payer and the revenue service. You get relief from debt burden and IRS is able to acquire whatever it can from the owed tax debt amount. While this program is advantageous for all parties involved, not all taxpayers can enjoy its benefits. IRS does not accept every offer in comprise from the taxpayers as it has its own criteria to judge who is suitable for this program and who is not. That is why it is important for those with tax debts to get legal assistance in this matter.  Some of the advantages you can enjoy as a struggling taxpayer with this program: You ca...

Dealing with a tax lien is frustrating. In order to stay calm, hiring a federal tax lien attorney  a good decision to take. When a lien affects your property, the attorney will help you with the following tricks to remove the tax lien: The best way is to pay off the complete debt. The IRS releases the property within a month after receiving the debt amount from the owner. Some of the   other alternative methods to reduce the impact of lien includes: Discharge of property A discharge lifts the lien applied to a specific property. The owner must determine which provision of Internal Revenue Code is eligible for their case. After the review of by an IRS officer, explanation of the selection will be provided. Subordination Unlike discharge, subordination does not remove the lien but allows the creditor to look for mortgages and loans. Refer to IRS codes to check your eligibility. All forms of payments like cash, cheque is acceptable. Withdrawal Thi...

Have you been suffering from financial hardship and searching for ways to lower your due tax? If so, you have come to the right place as this blog is about to tell you what you can do to lower your past-due back tax liabilities. Many people nationwide, at some point, suffer from financial instability and fail to pay their taxes. As a result, they get penalized for not paying their taxes. However, they don’t always have to because offer in compromise with the IRS is an excellent way that can help resolve their past tax issues. Not only do they get a settlement with due tax debt, but they also get a significant reduction in their payable amount. That said, the road to application acceptance by the IRS is not a simple one. Most applications submitted by taxpayers either get rejected or require them to pay a huge amount. When trying to get your IRS offer in compromise application accepted, it’s always best to take IRS offer in compromise advice from professionals and help them with...

IRS is an agency of the federal government which deals with tax collection meaning  they have a significant role in your credit score. Other than credit files from bank loans you have to worry about the additional taxes on your mortgage. A settlement or benefit helps when you can't afford to pay your debts. The law is the priority, and if you have accumulated debt, you may be in trouble with the law. However, do not stress, with the right debt counseling you can avoid any backlashes and bankruptcy. Here is where applying for an   IRS offer in compromise or OIC or tax settlement helps you as a taxpayer. A taxpayer shares a relation with tax authorities in which he/she can apply for a lower taxation scheme. He/she can even choose to pay in installments. Are you close to bankruptcy? If that is the case then you might be looking at a poor credit score Wage garnishment can be a long process that often leads to legal procedures, and for that, you will have to go...