The IRS is willing to negotiate, and even cease collections, if you show them that you cannot afford to fully repay your tax liability. The lawyers at my law firm are skilled at negotiating with the IRS and know how to get taxpayers the resolutions they deserve.
North Highlands, CA (PRWEB) October 9, 2008
In September 2008, The Tax Lady Roni Deutch and her law firm negotiated placement on the IRS' Currently Not Collectible status for a group of taxpayers owing the IRS over $2.1 million in aggregate.
"Every day it seems like there is a story in the news about how the American economy is collapsing. The other day I read a study that said that 8 out of every 10 Americans are stressed about the economy and their personal finances," claims Roni Deutch. "From sky high gas prices and increasing unemployment rates, many taxpayers are now finding themselves unable to meet basic living expenses. If this hardship is coupled with a debt to the Internal Revenue Service, it is easy to understand why many of these individuals lose hope."
However, hope can be right around the corner for many individuals owing the IRS. In fact, in September 2008 alone, Ms. Deutch and her law firm, Roni Deutch, A Professional Tax Corporation represented a group of clients owing the IRS $2.1 million in aggregate. She and her tax attorneys helped these clients get placed into the IRS' Currently Not Collectible status, which recognizes the hardship the individual taxpayer is facing by shielding them from further IRS collections. These individual clients owed on average approximately $31,000 each.
Once the IRS places a taxpayer's account into Currently Not Collectible status, the IRS immediately ceases all collection activity against the taxpayer. Thus, the IRS will no longer issue collection notices, notices of intent to levy, final notices, or a notice of levy. In addition, the IRS will immediately stop any active levies on bank accounts or income, or already in place wage garnishments.
However, interest and penalties will continue to accrue until the tax liability is paid in full or expires. In addition, the IRS may issue a federal tax lien against the taxpayer to protect the outstanding debt. Finally, if the taxpayer's financial situation improves, the IRS can remove the individual from Currently Not Collectible status and ask them to begin making payments.
"When it comes to tax debt, sometimes people do not realize that they have options," explains Ms. Deutch. "The IRS is willing to negotiate, and even cease collections, if you show them that you cannot afford to fully repay your tax liability. The lawyers at my law firm are skilled at negotiating with the IRS and know how to get taxpayers the resolutions they deserve."
Placement on Currently Not Collectible status is only one of the various services that Roni Deutch, A Professional Tax Corporation offers. The firm has experienced tax lawyers specializing in tax debt relief through a variety of tax relief services including: offer in compromise, installment agreement, wage garnishment release, bank levy release, revenue officer assistance, payroll tax representation, tax account review, and full pay service.
Millions of people recognize tax attorney Roni Deutch as The Tax Lady. She has been helping taxpayers nationwide resolve their tax liabilities for seventeen years. As an industry leader, she has saved her clients tens of millions of dollars and has helped thousands of families settle their back taxes.
About Roni Deutch, A Professional Tax Corporation
Roni Deutch, A Professional Tax Corporation is a nationally recognized law firm that has been helping clients find solutions to their back tax liabilities for seventeen years. To find out more about the law firm or its IRS tax relief services, visit their website at RoniDeutch.com or call 1-888-TAX-LADY. To learn more about The Tax Lady Roni Deutch you can visit her blog or YouTube profile.
Roni Deutch, A Professional Tax Corporation
877-232-8477 Ext. 1914
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