To settle back owed taxes. When the IRS settles do they want the whole payment or can you set up a payment option.
2006-12-04 17:38:51 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You can try it on your own. The IRS has publications on collection of tax debts, installment payment plans and offers in compromise. If you owe more than $10,000 and the IRS has filed a notice of federal tax lien, tax relief services, which may or may not be attorneys, will contact you. Be very careful. You may be able to find a good tax attorney by asking your accountant for a recommendation. Some states' bars have listing of attorneys by specialty. Expect to pay between $250 and 500 per hour for a tax attorney, depending on your location. Good luck and don't ignore the problem.
2006-12-04 18:58:05 · answer #1 · answered by mattapan26 7 · 1⤊ 0⤋
Whatever you do, do not call one of the ones that advertises on TV. They tend to be a huge ripoff. They will charge you $5000 and basically do nothing for you.
If you owe under $10k, there is not much you can do except make an installment agreement.
If you owe over $10k you may qualify for an "Offer in Compromise" based on your current and future income potential. This is a very drawn out process that can take up to two years.
2006-12-05 08:52:28 · answer #2 · answered by Wayne Z 7 · 1⤊ 0⤋
depends on quality of work.
a good tax attourney will chaarge upwards of 100dollars/hour
2006-12-05 01:43:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋