Respected Charleston South Carolina Tax Settlement Lawyer
Certified Tax Specialist Helping Clients Eliminate Tax Debt
The idea of fighting the IRS is daunting to many of our clients. As unfair as it may sometimes seem, the most cost-effective approach to eliminating tax debt and associated IRS liens or wage garnishment is often to pursue a fair tax settlement with the help of a qualified tax attorney like John Kachmarsky.
To discuss your specific circumstances and your options for moving forward, please contact our office in Charleston today for an initial telephone consultation with an experienced tax lawyer.
Five Ways to Approach a Tax Liability Settlement
1. Pay all outstanding tax debt in full. This option is often the best for clients who are facing a small total tax liability, since the cost of entering into a legal dispute with the IRS or the state may exceed the amount of potential savings. Paying the debt in full should immediately lift any liens or levies and prevent additional penalties from being assessed.
2. Negotiate a payment schedule. By paying off tax deficiencies in installments, you may be able to limit the impact on your daily life while still avoiding a potentially costly tax dispute.
3. Bankrupt against your tax liability. Seeking relief through bankruptcy may allow you to discharge all or a portion of your outstanding tax debt, depending upon the nature of the debt and your income and assets. Declaring bankruptcy can stop the garnishment of wages and any bank restraints or IRS liens.
4. Make an offer in compromise. Experienced attorney and certified tax specialist John Kachmarsky has built a solid reputation for producing results for clients with significant unpaid or underpaid tax liability by preparing and negotiating an offer in compromise. If accepted, this allows our clients to pay only a portion of the total tax debt.
5. Allow the tax lien to expire. The idea of waiting for the statute of limitation to run out on your back taxes may be tempting; in reality, this option is generally impractical for most of our clients.
It is almost impossible to achieve a favorable tax settlement without the help of an experienced tax lawyer who understands the process, what is possible and what is not, and the full range of remedies available. As a certified tax specialist attorney, John Kachmarsky has that experience and knowledge.
Contact our Charleston SC law office today to make an appointment for an initial telephone consultation.
