Pursuing Tax Debt Resolution For Individual And Business Taxpayers
Tax debt is one of the toughest types of debts to manage. The IRS and the Michigan Department of Treasury are powerful entities that have many tools at their disposal to aggressively pursue tax debt collection.
If you have unresolved tax debt, and you’re facing potential liens or property seizures, you need a strong lawyer on your side to level the playing field. You will find one at Bendure & Thomas. Our lead tax attorney, Marc Thomas, has more than 45 years of experience representing individual and business taxpayers in complex tax law matters. He knows how to leverage the right legal tools to favorably resolve state and federal tax debts.
Avenues For Resolving Tax Debt
Many taxpayers are unaware that they may have multiple avenues for resolving their tax debt – avenues that don’t require them to pay money they don’t have. Finding the strongest avenue for your specific situation requires a detailed analysis by a sharp legal mind.
Our lawyers know what to look for when identifying the strongest angles for tax debt defense. Those angles might include:
- Manageable payment plans
- Tax workouts
- Offers in compromise
- Installment plans
- Bankruptcy
These options require administrative compliance, which means preparing and filing accurate tax returns. We can help you meet this initial requirement. Our firm draws on a trusted network of experts to prepare solid tax returns when needed. We can also help you avoid costly mistakes that could jeopardize your ability to access these options.
Highly experienced in tax litigation, our lawyers can represent you in state or federal court. We can serve as the liaison between you and the IRS or state taxing authority. In many cases, we may be able to negotiate a reasonable settlement (offer in compromise).
Common Solutions We Can Explore
Every tax debt situation is unique. The good news? There are many ways to solve it. At Bendure & Thomas, we guide you through all the legal options for handling federal and state tax debts.
Here are some common solutions:
- Currently Not Collectible (CNC) status: If you are struggling financially, we may convince the IRS to pause their collection efforts for a while. This gives you breathing room during tough times.
- Innocent spouse relief: Sometimes, tax debt comes from a spouse’s or ex-spouse’s mistakes. If that’s your case, we can help remove your responsibility for their debt.
- Penalty abatement: Penalties can pile up fast. If you have a good reason – like illness, a natural disaster or bad advice from a professional – we may reduce or erase those penalties.
- Bankruptcy: You can clear some income tax debts through bankruptcy, but only if you meet specific rules about timing and filing. We’ll check if this works for you.
- Litigation: If other options don’t work, going to court might be the answer. Marc Thomas has years of experience fighting tax disputes in federal court – a skill most attorneys and CPAs do not have.
>Each case is different, so we start by reviewing your situation. Then, we create a plan that fits your needs.
The Critical Importance Of Acting Quickly
When it comes to tax debt, waiting is risky. Ignoring IRS or state notices gives them time to add liens, levies, wage garnishments or extra penalties. Interest grows fast, turning a small debt into a big problem.
Acting early opens more doors. It lets us find the best solutions and protect your rights from the start. Whether it’s dealing with the IRS, filing appeals or going to court, we are with you every step. Delaying only limits your choices.
Let our skilled attorneys help you take charge of your tax debt before it gets worse.
Strategies Tailored To Your Situation
We can leverage our experience to evaluate every detail of your case, create a tailored strategic plan and work hard to protect your interests. Our goal is not only to resolve your current tax issues but also to prevent future tax debts from hindering you.
Contact Us Today
To discuss your tax debts during a free initial consultation, please call our office in Bloomfield Hills, Michigan, at 248-782-6869.