IRS Tax Debt Relief in Rhode Island
Owing money can be stressful—particularly when your creditor is the government. If you owe money to the Internal Revenue Service or the Rhode Island Division of Taxation, tax relief solutions are available. You may even be able to get part or all of your tax debt erased. A Rhode Island tax attorney can explain your legal options.
Common Federal & Rhode Island Tax Debt Solutions
Are you unable to pay your delinquent taxes? Even if you can't afford a lump-sum payment other tax relief options are available.
One of the most common solutions is the installment payment plan, which allows you to gradually pay off your tax debt. Each month you'll send the IRS and/or the Rhode Island Division of Taxation a minimum monthly payment that's applied to your tax bill. The payments continue until you've paid off your tax debt, plus any tax penalties that have accrued.
Typically the government will charge interest fees and late-payment fines if you fail to pay your taxes in their entirety by the tax deadline. If your past-due balance is the result of a financial hardship or an honest mistake, the government may agree to a penalty abatement, which erases these tax penalties.
Taxpayers facing financial difficulties can also apply for an offer in compromise, which allows you to settle your tax debt for less than the total amount you owe. Because there's a non-refundable application fee, you'll want to work with your Rhode Island tax lawyer to ensure you make an offer that stands a reasonably high chance of getting accepted. Offers in compromise are also available to taxpayers who can convince the IRS they aren't responsible for the full tax debt.
In some circumstances, your best option is to discharge your tax debt through personal bankruptcy. However, there are strict eligibility requirements and bankruptcy has long-lasting consequences. You'll want to talk to your Rhode Island tax relief attorney in more detail to thoroughly understand the implications of this decision.
Find & Hire a Rhode Island Tax Debt Attorney
You can attempt to solve your tax problems on your own. But there are a number of advantages to working with a Rhode Island tax debt lawyer:
- Your attorney has years of education and hands-on experience dealing with the tax laws, working with the government and representing clients just like you. You benefit from that experience when you hire a Rhode Island tax lawyer.
- Your lawyer can walk you through all of the tax relief solutions for which you qualify and explain the pros and cons of each choice. Then your attorney can help you decide which option will work best for you.
- When you hire a Rhode Island tax relief lawyer, you're hiring someone to deal with the government on your behalf. No more sitting on the phone waiting to talk to an IRS tax specialist. No more trying to decipher confusing letters from the Rhode Island Division of Taxation. Your attorney can handle those details.
Are you ready to hire a Rhode Island tax lawyer to tackle your tax debt problems? Congratulations, you've made a smart decision. Your next step is to find and hire a lawyer—and Attorneys.com can assist you in the process. Whether you live in Providence, Warwick, Cranston or elsewhere in Rhode Island, we offer a free service that can quickly connect you with local tax lawyers. To get started, simply complete the form on this page or call us at 877-913-7222.