Are you looking for a Honolulu Tax Attorney?
Are you a taxpayer living in or near Honolulu? Do have a problem with an IRS debt that is becoming increasingly hard to manage? For every tax problem that an individual experiences, a tax professional has a solution. Whether the issue is related to debt, collection efforts, or IRS audits, tax experts can help. You don’t need the help of a local Honolulu tax attorney to resolve your tax debt.
Tax experts recommend keeping detailed financial records for years to avoid struggling when the IRS sends any notices to inform taxpayers of a problem. These documents can be submitted to the CPAs, Enrolled Agents and attorneys at a tax company to expedite relief processing and aid tax professionals. Attorneys are important to hire for IRS consultations, but a tax professional may be able to provide the help you need today. Our main headquarters are not located in Honolulu, but we have helped taxpayers resolve their tax debts with the IRS all across the United States. One of the best moves you can make is to investigate all of your tax debt relief options before hiring a Honolulu tax lawyer.
For taxpayers in debt to the IRS, solutions lie in working with a tax professional to discuss debt resolution opportunities. A tax expert’s recommendation will be based on the relationship of income to expenses, as well as what other debts or financial obligations a client may have. Some taxpayers will benefit most from an Installment Agreement that allows for small monthly payments. Others may need to apply for Currently-Non-Collectible status. This consideration is reserved for taxpayers that have an income that is lower than their essential expenses.
A third resolution program is an Offer-In-Compromise, in which a tax professional and their client will agree on a payment amount that is set at a percentage of their full balance. This single payment will be offered to the IRS and if they determine that the amount is more than they would likely receive through other pursuits, they may accept it and release the taxpayer from liability. Recommendations from our tax professionals on these matters come quickly to better resolve your IRS debt. We offer services at rates that may be more affordable than local Honolulu tax attorneys and our tax professionals have access to the same IRS resolution programs.
Anyone facing collection efforts can check with Honolulu tax lawyers, but this may not be the best way to discover reasonable plans to avoid serious action from the IRS. The only way a taxpayer can be sure they will not have any trouble with collections is to pay off their balance or enter into a resolution agreement. If nothing is done, a tax lien will be placed on their accounts. This hold will remain until the debt is resolved or the IRS chooses to levy the individual’s property. Taxpayers that are being audited needs to do what best serves them, such as hiring a tax professional to represent them to the IRS. They will also benefit in this scenario by having a very well kept financial record for each year in question.
Regardless of the tax problem you are encountering, it is important to choose a fully staffed tax company to represent you so that you have more resources than a Honolulu tax attorney would be able to provide. Our tax professionals recommend keeping in mind that only attorneys can explain your legal rights to you. As all tax debt cases are different, not all IRS situations require an attorney’s assistance. To make sure you have proper representation, call a tax professional or attorney. We are not a law firm or a group of Honolulu attorneys. We do employ a full staff of Enrolled Agents, CPAs and Tax Professionals that can help you explore your options.
There is nothing better for avoiding tax problems than to make sure that each year’s return is filed on time and that all taxes and fees are paid by their deadlines. Tax professionals assist taxpayers with staying on top of their taxes every year. They are offering free consultations to current and potential clients, regardless of the tax question. Call a tax professional today to get the answers you need!