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How Much You Can Legally Avoid Paying
Exactly What Steps to Take Next

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1) Who do you owe tax debt to?

2) About how much do you owe in tax debt?

3) Do you have un-filed back tax returns?

4) Have you had a wage garnishment, tax lien or bank levy?

5) Have you received threatening or confusing letters from the IRS?

6) Great! Now we just need to know where to send your results to?

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Proudly Serving Rockford, and All of Illinois

Here's How the Process Works:
1

Free Initial Consultation and Financial Analysis

15 Minutes - We will go through your entire financial situation, step-by-step and see what programs you qualify for, determine how we can help, and answer any questions that you may have.

2

Research & Investigation

4-7 Days - Using the Power of Attorney, we will work with the IRS to determine what evidence they have against you (without disclosing anything), so we can create a plan of attack.

3

Fight for the Best Resolution

1-3 Months - After learning exactly what they have against you, we will negotiate with the IRS on your behalf, removing all the penalties we can, and fighting for a great settlement for you.

4

FREEDOM!

Forever - Once your tax burdens have been lifted, you can go on living your life again! You will finally be free of the burdens chasing you, and can start fresh with no tax debt!

Get Relief from Your Tax Debt Burdens in Rockford

Highly Experienced Rockford Tax Lawyer

Our Rockford Office is here for you today, ready to offer our services

One of many primary issues that most Rockford citizens run into in relation to IRS back taxes is feeling anxious and overwhelmed concerning the money they owe.

We believe that no one should need to go up against the IRS alone anymore.

It’s merely not fair what they get ordinary tax payers through, and we believe they shouldn’t get away with it any longer.

That means you don’t pay a penny for the full use of our seasoned team for a full week.

That’s on top of our no questions asked 30 Day Money Back Guarantee. If you aren’t satisfied for any reason with our service, simply let us know within 30 days, and you will get all of your cash back.

So what are you waiting for? The longer that you wait and put it off, the more fees and interest costs the IRS will tack on to the amount that you just owe. Take action and call our Rockford team a call now to get started!

Give our office a call now!

Let our Illinois team so you are able to afford to repay your debt over time negotiate a payment plan that's right for you

The IRS Installment Agreement is a means for citizens in Rockford when they cannot pay it in full with their tax return to pay their tax debt. So long as their tax debt is paid by the taxpayer in full under this particular Agreement, they prevent the payment of the fee that’s connected with creating the Understanding and can reduce or eliminate the payment of fees and interest. Creating an IRS Installment Agreement requires that all necessary tax returns have been filed before applying for the Understanding. The citizen cannot have any unreported income.

Benefits of an Installment Plan

The agreement will result in certain significant gains for the citizen. While an arrangement is in effect, enforced group action will not be taken. There will be more financial freedom when the citizen can count on paying a set payment each month rather than having to be concerned about getting lump sum amounts on the tax debt. The taxpayer will remove interest and continuing IRS penalties. The IRS will help the citizen keep the arrangement in force in the event the taxpayer defaults on a payment providing the IRS is notified promptly.

Problems with the Installment Agreement

Some duties come with the Installment Agreement. When due, the minimum monthly payment should be made. The income of an individual citizen or the incomes of citizens that were joint should be disclosed when putting in an application for an Installment Agreement. In some instances, a financial statement must be supplied. All future returns must be filed when due and all the taxes owed with these returns should be paid when due. This method of making monthly payments enable the citizen to request the lien notice be removed. But, the lien may be reinstated if the taxpayer defaults on the Installment Agreement.

The taxpayer can negotiate an Installment Agreement with the Internal Revenue Service. Nevertheless, particular information must be supplied and any information may be subject to verification. For taxpayers a financial statement will be required.

How to Get Ready to Apply

While citizens can make an application for an IRS Installment Agreement, there are several precautions that should be contemplated. There are some circumstance which can make this a challenging job, though the IRS attempts to make applying for an Installment Agreement a relatively easy procedure. It is essential to get it right the very first time the application is made, since many problems can be eliminated by an Installment Agreement with the Internal Revenue Service.

We’re the BBB A+ rated law firm serving all of Rockford and Illinois, which can offer you expert support. Our many years of experience working on behalf of citizens that have problems with the IRS qualifies us to ensure acceptance of your application for an Installment Agreement.

Your tax debt could instantly cut in half, by using our fee abatement program.

Once the IRS hit you or your company using a tax bill, it generally appends interest charges and penalties. These additional fees may be terrible such that an old tax bill could have double in fees and interest pinned onto it. Some fees, like late payments, they can be included automatically by IRS computers. Otherwise, penalties may be inflicted by IRS staff like filing a late return, if you dishonored a tax code provision.

Once penalties are inflicted, in the event you do not complain, the Internal Revenue Service assumes you recognize them. Fortunately, the IRS can confiscate a fee just as straightforward as it contained one. The key to the realm of the tax penalty relief is demonstrating a reasonable reason behind your letdown to obey with tax law.

The total amount of tax code fines that are distinct is staggering. Below are some of the fees that IRS will tack on to the debts of individuals who have not filed their tax debts that are overdue.

Incorrectness:

The IRS will impose a 20 % penalty on you if you were negligent or greatly minimized your taxes. This precision-linked fine is implemented when you CAn’t set a tax write-off in a review, or you didn’t submit all of your income and the IRS learns it.

Civil deceit:

A fee 75% could be attached, in the event the Internal Revenue Service finds that you were not reported your income with a deceptive aim.

Delayed Payment:

Typically, the Internal Revenue Service will add a penalty from 0.25 % to 1% for each month to an income tax statement, which isn’t paid punctually.

Not Filing on time:

The IRS can fine you an additional 5% per month on any outstanding balance, if you did not file your return on time. But this punishment might be employed just for the initial five months following the due date of the return, equal to a 25% higher cost. If there is no outstanding balance, the IRS can still impose lesser punishments.

Knowing the way as well as the reason the IRS hit on you with fines, you can need that they be abridged or removed. The IRS name for this particular procedure is called an abatement. About one-third of all tax penalties are finally abated, and it will be more if you know the strategies to challenge them.

Just notifying the IRS that you do not like a penalty, or cannot manage to compensate it, WOn’t work. You need to demonstrate sensible cause, which means a plea that is good. According to the IRS, any sound cause advanced as the reason for postponement by a citizen in filing a return, making deposits, or paying tax when owed will be carefully analyzed.

Methods to request for an IRS penalty and interest abatement

Enclose the following documents with your written request.

  • Letter from a registered medical practitioner, describing your condition that prevented you from filing your tax return punctually.
  • Death certificate substantiating the bereavement of close relationships or your blood.
  • A detailed report from the fire division if your property is damaged due to fire.

What to Do Next

When you have been levied penalties by the Internal Revenue Service, there are some easy and effective methods to get interest condensed or your tax fines or even eliminated entirely. We’ve really been in the business for years and we’re dedicated to offer our customers a professional IRS fee and interest abatement service legitimately. Contact us today to resolve your tax problems all and the associated fees imposed on your Rockfordcompany or on you by the Internal Revenue Service.

A bank levy could be taken out within 24-48 hours, but only in the event you act quickly and let our Rockford team help you

Bank levies are charges imposed on your Rockford bank account when you have outstanding tax debt. The law permits the IRS to seize funds in your bank account for clearing your tax obligations. Sadly, the procedure is always rough. Generally, the institution ends up freezing all the cash that’s available in a given account for a period of 21 days to handle a person’s or a business’ tax obligation. During the halt, you can’t get your money. The single possibility of getting them at this phase is when they’re unfrozen when the interval lapses. Preventing the levy allows you to access your funds for meeting other expenses.

Why and When Bank Levies Get Slapped On

The Internal Revenue Service bank levies are applied as a final resort for you to your account to pay taxes. It happens to people in Illinois that receive many evaluations and demands of the taxes they owe the revenue agency. Failure to act within the legal duration of a tax obligation leaves the IRS with no choice other than to proceed for your bank account. This happens through communication between the Internal Revenue Service as well as your bank. If you are not aware, you will find that on a specific day. The freezing exclusively changes the amount equal to your tax debt, but nevertheless, it can be more than that and you get a refund following the levy period. A final notice is followed by bank levies for meaning to levy as well as a notification about your legal right to a hearing. In summary, the IRS notifies you of the pending bank levies. When employed, the IRS can just take money that was on the date a levy is applied in your bank.

How to Get Your Levies Removed in Rockford

There is a window of opportunity for you to use to get rid from your account of bank levies. Getting professional help as you take measures to safeguard your bank assets is a wise move that you need to take. With a professional service helping out, it’ll be simple for you to understand when to take your cash out of the bank. Before the bank levy occurs besides removing your funds, you also have to enter into a payment arrangement with the Internal Revenue Service to stop future bank levies. You can certainly do it by getting into an installment agreement. You may also appeal and seek qualification for ‘uncollectable status’. Lastly, you can go for ‘offer in compromise’ as a means to get tax forgiveness.

They may be quite complex to carry out while the solution sound easy. Understand every aspect of the law, have the resources to do so, you have to act fast and deal with related bureaucracies levied by banks and also the IRS. The smart move would be to phone us for professional help by means of your IRS situation. We’ve abilities and expertise which have made us a number one pick for lots of folks. For partnered tax professional aid, contact us for much more details and help.

Imagine notices and letters being sent to your Rockford house or business. Our team can help.

Notices and IRS Letters are sent to individuals in Rockford who have not paid all of their tax obligation or have not filed their tax returns. The IRS accounts for collecting taxes due from citizens to make sure the Federal Government has the funds to run its business. The IRS presumes that taxpayers who are delinquent in filing their tax returns and who fail to pay their taxes are ignoring the reason why taxes are not unimportant. The Internal Revenue Service also assumes that taxpayers do not have an excellent reason for not fulfilling their tax obligations. Aggressive pursuit of these taxpayers is the reason why IRS letters and notices are sent. People who have filed their tax returns but haven’t paid the taxes that are due all, will also get IRS letters and notices. Delinquent taxpayers are on the IRS radar for executing swift group activity. Citizens should recall the IRS will not have to begin any court action to levy wages, bank accounts and property. Even pension income could be attached.

Penalties are prolific. In 1988, there were only 17 penalties the IRS could levy, but the different of penalties is 10 times that amount. The Internal Revenue Service also has over 75 distinct letters and notices it can send to individual taxpayers. Some of these can certainly become serious difficulties for the citizen.

Some Examples of Notices

Notice of Low-Reported Tax Debt

A notice that maintains their income has been under reported by a citizen in Rockford is a serious question. Often, this may be accommodated easily, in the event the IRS claim is valid but the citizen will be assessed a penalty and interest. Then the citizen may be accused of filing a fraudulent return, whether this notice crosses more than one year of tax filings. The interest as well as the penalties will amount to an incomprehensible amount of money regardless of the perceived intention.

Property Garnishes

A notice that threatens to attach property, bank account or a citizen’s wages is serious. This notice follows letters which have been sent to the citizen in an attempt to solve the delinquency before it reaches the collection action.

Property Liens

A notice saying that the IRS has filed a lien on the citizen’s property also follows this action to be taken by letters of intent. The notice will contain the amount of the governmental agency as well as the lien where it was recorded. This lien will prevent the citizen from selling the property until the lien is filled, or the lien amount will be deducted from the profits of a sale. The IRS can also induce the selling of the property to acquire fulfillment of the lien. If a deal is planned, a notice will be issued.

What you should do with a IRS notice

The citizen should never dismiss IRS letters and notices. Rather, they ought to immediately seek help with these potential threats to their financial protection. Actually, if a taxpayer who considers they may receive notices and letters from the IRS can contact us so we can stop these from being sent. Contacting our BBB A+ Rockford law firm is even more important if a letter or notice has been received. We have many years of successful experience in working with the IRS and state of Illinois to resolve taxpayer problems.

You need to act quick to prevent future levies if you have had a tax lien placed on your own home or property

What is a tax lien?

The lien cushions the authority’s claim to all your present property, inclusive of personal, financial and real estate assets. Liens typically record the exact amount owed to IRS at the precise time that it’s levied in a public document called the Notice of Federal Tax Lien. The document notifies creditors the government has a right to seize your property at any particular time. Different credit reporting agencies conventionally acquire this particular information consequently tax liens finally reflect on your own credit reports.

Federal tax liens can simply be avoided from being lodged by paying all your tax dues up and also before the IRS decide to levy a lien in your assets. They can also be evaded through creating payment agreements which adequately fulfill the demands of the IRS so as not to file a lien. A federal tax lien is unable to be filed if a citizen made a decision to prepare a streamlined or guaranteed installment accord. Such deals require the citizen keep a balance of $10,000 or a figure less than that for the guaranteed payment and for that is treaty the streamlined arrangement , it should be $25,000 or less. In a situation where the taxpayer owes more than $25, 000, a tax lien can be averted if he/she a streamlined accord. lays out tries their best to reduce that particular outstanding balance to just $25,000 or less and instead There are two methods of removing tax liens: release and withdrawal.

How can I get my lien wiped away?

Getting federal tax liens is like it never existed, when the IRS resort to revoking the lien. Whenever the lien is filled erroneously, lien withdrawals typically take place. In a case where the tax lien is incorrectly filed, contact the IRS when possible. The IRS representatives will check your account to be able to substantiate that you have no tax arrears then take the measures that are essential in removing the lien.

Releasing a national or Illinois state tax lien usually means that the lien that is imposed constrains your assets. Instantly after lien releasing, the county records will immediately be brought up to date to demonstrate that is has been released. Nevertheless,the existence of a federal tax lien once will be exhibited in your credit reports for ten years.

What to Do Next

 

Other Cities Around Rockford We Serve

Address

Rockford Instant Tax Attorney

321 W State St, Rockford, IL 61101
Phone

(312) 614-1618

Customer Rating
Services / Problems Solved
Removing Wage Garnishments
Getting Rid of Tax Liens
Removing Bank Levies
Filing Back Tax Returns
Stopping IRS Letters
Stopping Revenue Officers
Solving IRS Back Tax Problems
Ironing out Payroll Tax Issues
Relief from Past Tax Issues
Negotiating Offer in Compromise Agreements
Negotiating Innocent Spouse Relief Arrangements
Penalty Abatement Negotiations
Assessing Currently Not Collectible Claims
Real Estate Planning
Legal Advice
Tax Lawyers on Staff
Steve Sherer, JD
Kelly Gibson, JD
Joseph Gibson, JD
Lance Brown, JD
Cities Around Rockford We ServeAlden, Ashton, Baileyville, Belvidere, Burlington, Byron, Caledonia, Capron, Cedarville, Chana, Cherry Valley, Clare, Cortland, Creston, Dakota, Davis, Davis Junction, Dekalb, Dixon, Durand, Eleroy, Esmond, Forreston, Franklin Grove, Freeport, Garden Prairie, Genoa, German Valley, Hampshire, Harvard, Hebron, Holcomb, Huntley, Kent, Kingston, Kirkland, Lanark, Leaf River, Lee, Lena, Lindenwood, Loves Park, Machesney Park, Malta, Marengo, Mc Connell, Monroe Center, Mount Morris, Nachusa, Orangeville, Oregon, Pearl City, Pecatonica, Polo, Poplar Grove, Ridott, Rochelle, Rock City, Rockford, Rockton, Roscoe, Scioto Mills, Seward, Shannon, Shirland, South Beloit, Steward, Stillman Valley, Sycamore, Union, Winnebago, Winslow, Woodstock, Woosung

Can I Negotiate My Tax Debt with the IRS?

Yes, you can negotiate your Tax Debt with IRS. If you owe the federal government a tax debt, it may be easier to reach a deal to pay your debt for under the total balance via an Offer in Compromise, thanks to new guidelines recently issued by the Internal Revenue Service. The IRS normally approves an offer in compromise when the most they are able to expect to accumulate within a reasonable period of time are represented by the amount offered. Nevertheless, it is best that you investigate all other payment options before submitting an offer in compromise. Thus, the Offer in Compromise application isn't for everyone.

Can My Tax Debt be Forgiven?

Yes, your Tax Debt may be forgiven, but the tax impact of debt forgiveness or cancellation will depend on your own individual facts and circumstances. Normally, in the event you borrow cash from a Illinois and the lender later cancels or forgives the debt, you might have to include the cancelled amount in income for tax purposes. The lender is usually required to report the total amount of the canceled debt to you as well as the IRS on a Form 1099-C, Cancellation of Debt. There are many exceptions to the taxability of debt that is cancelled, such as insolvency or bankruptcy.

Can Tax Debt Be Inherited?

The brief answer is, not in most cases. However there are situations where someone could be legally accountable for paying off your bills after death. Plus, aggressive lenders have been known to coerce heirs into paying off debts for which they are not responsible, only to be left alone. If you're afraid that your monetary heritage will be a batch of unpaid bills, here's the thing you need to understand and prepare for: In general, kids aren't responsible for paying off their parents' unsecured debts - things like credit cards, personal loans and medical bills, which are not collateralized by physical property in Rockford or Illinois. Creditors will need to write them off if there's not enough cash in the estate to pay off those bills.

Can Tax Lawyers Really Help?

Yes, tax attorneys in Rockford, IL can really help. It is very crucial that you handle your tax problems very carefully. IRS tax matters are sensitive and very critical issue and also a minor mistake in the process can cost you really dearly in the form of loss of money, time, can get you frustrated and may land you in jail. The legalities involved in the procedure of tax resolution of your IRS taxes and the tax laws could be very complex and you also might not understand it at all. Thus, it is best to hire a specialist in tax representation, who will be able to handle your situation in Illinois .

Can I reduce my Tax Debt on My Own?

While you can try and solve you tax issues on your own right from your home in Rockford, it is advisable to leave it up to a tax professional. In case you were having a leak in your plumbing in the middle of the night, and your cellar was flooded, the best method to solve the issue quick is to call an expert. The identical thing applies to tax difficulties. Save yourself the time, money and hassle of attempting to figure it out yourself, and just leave it up to our Illinois tax experts.

What Do Tax Lawyers Do for You?

Tax attorneys in the Rockford area enable you to solve your tax issues with the Internal Revenue Service since they specialize in the minutiae of the Internal Revenue Service tax code. They supply guidance on complex legal problems, especially in the areas of trusts, estate planning, tax disputes, and business tax law. Lawyers are powerful negotiators who develop arguments which best support a position that is desirable and assess case facts in light of the law. The court system can be used by them in ways that provide leverage in resolving tax cases.

Does IRS Forgive Tax Debt After 10 Years?

The statute of limitations for the Internal Revenue Service to collect taxes back is 10 years following the IRS has determined of a tax liability. Essentially, this means after that window shuts the IRS loses its authorized claim towards the back taxes and the IRS has a 10 year window to collect on a taxpayer's want. This is hardly a get out of jail free card as the IRS will still likely take collection action in the type of a tax lien and/or levy, although this system sounds great for the enthusiastic tax protester. A lien is a claim on the taxpayer's Illinois property used as security for the citizen's debt, while a levy is the lawful seizure of the taxpayer's property to satisfy the debt.

How Much Do Tax Attorneys Charge?

Generally, their clients will charge on an hourly basis for all services. This can usually be an hourly cost of between $200 and $400. In most cases, a tax attorney will require that a prepayment, which is known as a retainer is made by their customer. This retainer is a prepayment based on the amount of hours your tax lawyer considers they'll be working on your behalf. In case the money is used up before the task is finished, the tax attorney in Rockford will routinely charge you for an added payment.

How Should I Calculate my Offer in Compromise Agreement?

Your first step in determining whether to pursue an Offer in Compromise will be to estimate what the IRS terms your Reasonable Collection Potential (RCP). This really will be the foundation of the Internal Revenue Service's conclusion as to whether to accept or reject your offer, since the IRS requires that your offer equal or exceed your RCP and is basically the core of any Offer in Compromise. The Reasonable Collection Potential, in essence, is what the IRS potentially and reasonably could expect to gather from the connection of your wages and income in Illinois in addition to from the seizure of your assets from you in order to settle the tax assessment against you.

How Does the IRS Offer in Compromise Work?

The IRS Offer in Compromise works in such a manner that it allows you to settle your tax debt for significantly less than the entire amount you owe. If you can't pay your full tax liability, it could be a valid alternative, or doing so creates a financial hardship. The IRS consider Ability to pay your unique group of conditions and facts; Income; Expenses; and Asset equity. The IRS generally approve an offer in compromise when the sum offered represents the most they are able to expect to collect in Illinois within a reasonable period of time.