Denver residents may qualify to legally avoid paying up to 90% of their back tax debts

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Which IRS Programs You Qualify For
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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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!

Our team of top rated experts is standing by, ready to help you today

Highly Experienced Denver Tax Lawyer

Give our Denver Office a Call Today

The IRS wants to add to the quantity you owe, and will stop at nothing to collect that money on additional fees and interest costs.

They are the greatest collection agency on the planet, and we firmly believe that no one should have to face them by themselves.

For many people, having them continuously harassing with revenue officers and letters, notices is a dreadful thought.

That’s why our Denver team is here to assist you. You no longer need to manage the IRS by yourself, and certainly will have someone in your corner to help negotiate for you.

If you owe the federal government, or the state of Colorado, our dedicated law firm is here to make your own life simpler.

With just 15 minutes on the telephone with our experts, you’ll learn what to do, and exactly what you’ll qualify for.

Give our Colorado team a call now!

So you do not have to pay an Installment Agreement can spread your payments out over time

So long as their tax debt is paid by the citizen in full under this particular Agreement, they are able to reduce or eliminate the payment of interest and fees and avoid the payment of the fee that is associated with creating the Understanding. Establishing an IRS Installment Agreement requires that all necessary tax returns have been filed prior to applying for the Understanding. The citizen cannot have some unreported income. Individual citizens who owe $50,000 or less in combined individual income tax including penalties and receive can interest 72 months the amount of tax owed . In some cases, a citizen may ask for a longer period than 72 months to pay back a tax debt of $50,000 or less.

Benefits of an Installment Payment Plan

The agreement will bring about some important advantages for the taxpayer. Enforced set activity is not going to be taken while an agreement is in effect. When the citizen can count on paying a set payment every month rather than needing to agonize about putting lump sum amounts on the tax debt there will be more financial freedom. The taxpayer will remove ongoing IRS penalties and interest. The Internal Revenue Service will help the citizen keep the arrangement in force if the taxpayer defaults on a payment supplying the IRS is notified immediately.

Obligations of the Installment Plan

Some duties come with the Installment Agreement. The minimum payment must be made when due. The income of an individual citizen or the incomes of taxpayers that were combined should be disclosed when putting in an application for an Installment Agreement. Sometimes, a financial statement must be provided. All future returns have to be submitted when due and all the taxes owed with these returns must be paid when due. Citizens paying their tax debt under an Installment Agreement may be asked to authorize direct debit of their checking account. This way of making monthly payments enable the taxpayer to request the lien notice be withdrawn. But, the lien could be reinstated in the event the taxpayer defaults on the Installment Agreement.

The citizen can negotiate an Installment Agreement with the Internal Revenue Service. However, particular information should be supplied and any information could be subject to confirmation. For taxpayers owing more than $50,000, a financial statement will be required.

How to Prepare to Apply for an Agreement

While taxpayers can make an application for an IRS Installment Agreement, there are a few precautions that must be contemplated. There are some condition which can make this a challenging task though the IRS tries to make applying for an Installment Agreement a relatively simple process. Since many issues can be eliminated by an Installment Agreement with the Internal Revenue Service, it is important to get it right the very first time that the application is made.

We’re the BBB A+ rated law firm serving all of Denver and Colorado, which can provide expert help to you. Our many years of expertise working on behalf of taxpayers that have difficulties with the IRS qualifies us to ensure approval of your application for an Installment Agreement.

Let our attorneys deal with the IRS and state of Colorado, so you could focus on running your company.

The IRS is a formidable collection machine for the government, and they’re going to collect in case your company has dropped into IRS business tax debt. Thus, in case your company has delinquent taxes such as payroll tax debts there isn’t any need to scurry for cover (and remember – never conceal) even in case you know little or nothing about coping with IRS company tax debts. There are seasoned professionals ready to help.

Un-Paid Payroll Tax Returns

The IRS looks at payroll tax – taxes imposed on employees and companies – from two standpoints:

  • (a) Taxes a company pays the IRS based on the wages paid to the employee (known as withholding tax’ and is paid out of the companies own funds) and
  • (b) A portion of wages the employer deducts from an employee’s wages and pays it to the IRS.

The employer ends up footing the bill for both the kinds of taxes as the withholding tax results in lower wages.

Repayment Timeline

The program of these payments depends upon the typical amount being deposited (based on the look back period’ – a twelve month period ending June 30). This payment schedule could be monthly or semiweekly.

In case you are a new company and did not have any workers during your look back span’ or in case your total tax liability is up to USD 50,000 for your look back interval’, you must follow a monthly program.

If your payroll tax liability is less than USD 50,000 you’ll have to follow a semiweekly deposit schedule. If you fail to pay your taxes on these days you may fall into a payroll tax debt. You must seek the professional services of tax professionals keep from falling into payroll tax debt and to direct you through this labyrinth of procedures and give a wide berth to significant fees.

How To Deal With Unpaid Tax Debt

Revenue collected through taxes such as payroll tax are spent on financing programs like; health care, social security, unemployment compensation, worker’s compensation and at times to improve local transportation that takes many workers to and from work.

When you have to take care of IRS tax debts, it is extreme important to keep in touch with your IRS officials – never avert or hide from them. Most IRS penalties contain a compounded rate of interest of 14% this can turn a company turtle in an exceedingly short time dealing with IRS company tax debt it predominant.

How a Seasoned Denver Tax Pro Can Help You

Being in an IRS company debt situation is serious. You may have time on your own side since the IRS is slow to start processing your account, but when they gain impetus things get worse for you. Nevertheless, you aren’t helpless. There are procedures you might be qualified for that a Colorado professional can use his good offices with the IRS to assist you over come your company debts.

Amongst others, you need a professional’s help, if you haven’t heard of an Offer in Compromise, Tax Lien Period, Uncollectible Status and Insolvency. Waste no more time, touch base with us now to get out of business tax debt and save your company from closure.

The most effective way of finally getting out of debt would be to utilize the expertise and know how of a reputable law firm serving Denver

Have you ever been fighting with your back tax debts for several years, and are finally fed up with dealing with the IRS by yourself?

Have they began sending notices and letters to your residence or company, demanding you pay interest costs and extra penalties for the amount you owe?

If so, the best thing you can do is hire a reputable and experienced tax law firm to be by your side each step of the way. The great news is, our Denver firm is an ideal candidate for the job, with an A+ company standing with all the BBB, tens of thousands of happy customers all over the country (notably in lovely Colorado), and our own team of tax lawyers, CPAs and federally enrolled agents, all ready to work on your own case today.

The IRS is the biggest collection agency on the planet, with a huge number of revenue officers and billions of dollars set aside to pursue good, hard working individuals like you for the money you owe. The only thing they care about is getting the money they are owed. You should not have to face them by yourself. We don’t get bullied around like normal citizens do, and can use our private contacts to negotiate the settlement that you need.

Using experienced Denver legal counsel on your tax dilemmas is like having a specialist plumber come and mend your massively leaking water main.

Our crew of experts is standing by, prepared to help you!

Will you qualify to conserve up to 90% on your back tax debt? With an OIC agreement, this might be the case

What is it

Basically, it refers to the type of arrangement between the person facing the tax issue (tax payer) and the IRS Business which helps the tax payer in this case to settle his or her debt. The client faced with serious tax problems by paying or instead bailing them out up to less in relation to the amount owed is helped by the Internal Revenue Service. However, not all citizens that are distressed qualify for IRS Offer in Compromise Agreement. This really is only after evaluation of the customer has been carried out because qualification is based on several factors. The IRS Offer in Compromise Agreement has an instrumental role in helping citizens with distressed fiscal challenges solve their tax problems. This implies that the IRS acts as the intermediary that helps their tax debt is paid by the taxpayer in the handiest and flexible way. The main interest and point of focus is the compromise that perfectly satisfies the needs of both the taxpayer as well as the Internal Revenue Service (IRS).It is wise to note that the taxpayer must make a valid and appropriate offer vis-a-vis what the IRS considers their true and exact potential to pay.

How Hard is it to Qualify?

Filling the applications does not guarantee the Denver citizen a qualification that is direct. Instead, the Internal Revenue Service begins evaluation process and the entire assessment that may render you incapable of paying your taxes. The applications must be filled with extreme precision saying definitely reasons for your inability to pay tax. These programs are then supported with other important records that’ll be utilized by the IRS to find out the eligibility of the taxpayer for an Offer in Compromise Agreement. However, there are a few of the few qualifications process that should be met completely be the citizen. These are the three basic tenets of qualification that each and every citizen seeking help from IRS must meet in order to be considered.

What to Do now

Then our BBB A+ rated tax law business helping Denver is there for you to help negotiating an IRS Offer in Compromise deal therefore if you’re just one of these taxpayers in need of care and guidance when it comes to IRS. This is an amazing law firm that’ll serve as a yard stick for people who need appropriate help in negotiating for an IRS offer in compromise deal. Do not hesitate to contact them because they’ve a strong portfolio and a great security reputation. They’ve a team of capable and dynamic professionals who are constantly on hand to assist you. Try them now and experience help like never before. It’s simply the greatest when it comes to discussion of an IRS offer in compromise agreement.

Our Denver team can remove your wage garnishment within 24-48 hours

What is a Garnish of Wages?

Should you owe the Internal Revenue Service back taxes and also don’t respond to payment notices or their phone calls then chances are that you may be subjected to an IRS wage garnishment. In other quarters, it is also called wage attachment or a wage levy. It is worth noting that a court order is usually not needed and other federal and state laws pertaining to the overall amount of exempted from garnishment does provide several exceptions for the wage levies.

The garnishment procedure is generally quite drawn-out, first the IRS determines how much you really owe them in back taxes, once this has been done, they will send you several payment request notices in the mail as well as more than one phone call with regards to the debt in question. You normally have thirty (30) days to touch base with IRS with regards to this notice till they go ahead and forwarding the notice to your Denver employer. After this notice was sent to the Denver company, you have an additional fourteen (14) days to make a reply before garnishment of wages starts. The employer generally has at least one pay period before they can be expected to send the money after receiving a notice of levy.

How Much Can they Garnish from My Paychecks?

IRS garnishment rules typically permit the IRS garnish or to deduct 70% or more of an employee’s wages; this is mostly done with the intention of convincing the employee or his representative to get in touch with IRS to settle the debt.

Wage garnishments are generally one of the very aggressive and severe tax collection mechanics and one should never take them lightly, as a matter of fact, they’d rather resolve tax issues otherwise and just sanction this levy when they feel they have ran out of viable options. This is usually not possible due to a wide array of reasons, even though paying off the taxes you owe the IRS is the easiest way out of such as situation. First of all, you might not have the tax liability or the entire sum may belong to somebody else or your ex spouse, you may be asked to show this however.

What should I do about wage garnishment?

Do so fairly quick and you therefore need to discuss any payment arrangements with the Inland Revenue Service. In this respect, it’s imperative that you simply touch base with an expert who’ll help you quit or end the garnishment and to easily get a wage garnishment release. We’re a Denver BBB A+ rated tax business with a team of tax lawyers that are exceptionally competent with years of expertise and also a long record of satisfied customers to demonstrate this. Touch base with us and we guarantee to get back to you within the least time possible, normally within one working day or less. We guarantee to help you achieve an amicable understanding with the Internal Revenue Service(IRS) and get you a wage garnishment discharge.

Other Cities Around Denver We Serve

Address

Denver Instant Tax Attorney

1600 Broadway, Denver, CO 80202
Phone

(720) 408-2090

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
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How Much could an Offer in Compromise Save Me?

An offer in compromise can save you lots of cash as it permits you to settle your tax debt for under the entire amount you owe. It may be a legitimate alternative if you can't pay your tax liability that is complete, or a financial hardship is created by doing so. The IRS consider your unique set of facts and circumstances. That is ability to pay, income, expenses for living in Denver and asset equity. They normally approve the most they are able to expect to collect within a reasonable time are represented by an offer in compromise when the sum offered.

What Should I Do If I Can’t Pay My IRS Tax Debt?

The IRS has payment options available if you can not pay the taxes you owe. Which alternative might work for you generally depends on how much you owe and your current financial situation. Each choice has different prerequisites and some have fees. People facing financial problems may find that there's a tax impact to occasions including Denver job loss, debt forgiveness or soliciting on a retirement fund. For instance, in case your income fell, you might be just eligible for certain tax credits, such as the Earned Income Tax Credit. Above all, if you think you could have trouble contact the IRS.

How Likely is the IRS to Accept an Offer in Compromise?

The Internal Revenue Service is likely to approve an offer in compromise when the most they can expect to collect within a fair time are represented by the sum. Before the IRS considers your offer, you need to be current with all filing and payment requirements. You are ineligible if you are in an open bankruptcy proceeding in Denver. Use the Offer in Compromise Pre-Qualifier prepare a preliminary proposition and to validate your eligibility. You'll locate step by step directions and all of the forms for submitting an offer in the Offer in Compromise Pamphlet, Form 656-B.

Are Tax Lawyer Feeds Tax Deductible?

It is generally uncommon to take tax deductions from the lawyer's fees. The general rule is straightforward enough: You can deduct your Denver lawyer's fees you pay for if you are trying to create or collect taxable income, or to aid in determining, gathering or getting a refund of any tax. In simple terms, you can take a deduction if you desire an attorney's help to make money you need to pay taxes on, like representing you in an IRS audit, or if you were helped by a lawyer with a tax issue. You can take a deduction if the legal fees are somehow connected to taxable income or taxes.

Should I Sign the Power of Attorney Form when Hiring a Tax Lawyer?

It is advisable that you sign the power of attorney form, when hiring a tax lawyer. The main reason for this is since if you sign a power of attorney, your attorney has the capacity to speak directly with the IRS so that you do not have to. This can go quite a distance in reducing some of the strain that has been put on you. The final thing you desire would be to wind up in prison in Denver and/or be slapped with large fines. Your tax lawyer can help reduce your penalty while you may not manage to prevent all difficulty.

Do Tax Lawyers Really Work?

Yes, Tax Lawyers do work. As a matter of fact, they comprehends everything about the tax laws and they know what to do in different situations. They have the expertise to devise a particular plan of action for your case and follow it for implementation in Colorado. Tax lawyers are trained, licensed and experienced to manage the technicalities involved in the tax resolution and settlement procedure. If you're in trouble with all the IRS simply an attorney may provide you with the attorney-client privilege. Just a Tax lawyer will possess the experience in attaining tax settlements. While a CPA might know about some tax settlement programs, they will not get a complete grasp of the ins and outs of the many systems in Denver.

How Do You Get an Offer in Compromise?

You'll find step by step instructions and all of the forms for submitting an offer in the Offer in Compromise Pamphlet, Form 656-B. Your completed offer bundle will comprise: Form 433-A (OIC) (people) or 433B (OIC) (businesses) and all necessary documentation as specified on the forms; Form 656(s) - individual and company tax debt (Corporation/ LLC/ Partnership in Colorado) have to be submitted on separate Form 656; $186 application fee (nonrefundable); and Initial payment (non refundable) for each Form 656. Choose a payment alternative. Your initial payment will be different based on your offer as well as the payment option you choose.

Does Tax Debt Go On Your Credit Report?

Owing the IRS a large tax bill does not automatically affect your credit report. But you decide to pay your taxes does, and outstanding taxes may affect your credit too. For instance, in the event you owe $10,000 or more the IRS will automatically file Notice of Federal Tax Lien, which will appear on your credit reports as a seriously adverse item. (It's in exactly the same class as a repossession or court rulings in Colorado.) State and/or local taxing authorities might also file tax liens. Once the IRS files a Notice of a Federal Tax Lien against you, it may limit your capability to get credit. And even though you file for bankruptcy, your tax debt and lien may continue.

How Does the IRS Offer in Compromise Work?

The IRS Offer in Compromise works in this manner it enables you to settle your tax debt for under the full amount you owe. If you can't pay your full tax liability it could be a legitimate option, or a financial hardship is created by doing so. The IRS consider Skill to pay your unique group of facts and conditions; Income; Expenses; and Asset equity. The Internal Revenue Service generally approve an offer in compromise when the sum offered represents the most they can expect to collect in Colorado within a reasonable period of time.

How to Reduce Tax Debt to the IRS?

There are several approaches to reduce the IRS tax debt of one. First, employing assistance from a CPA or a tax attorney in Denver to help in examining the citizen's situation and coming up with the very best game plan to reduce the individual's Internal Revenue Service (IRS) tax debt is a great starting point. These tax professionals can give sensible guidance on how best to reduce your tax debt and they're equipped with the knowledge on how best to manage the IRS. If a taxpayer truly has intense back tax debts, then the amounts can be dealt with by a tax professional and come up with the very best alternative to remove the tax debt in Colorado.