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IRS Tax Debt Relief in Vermont
Tax troubles got you down? Owing delinquent taxes can create a lot of stress, particularly if the Internal Revenue Service and Vermont Department of Taxes are pestering you for payment. But there are ways to solve your tax problems, even if you can't afford to pay your back taxes in a single lump-sum payment. A Vermont tax attorney can help you understand your legal options.
Solving Your Federal & Vermont Tax Debt Problem
You'll want to start by talking to your Vermont tax lawyer about your tax bill. Is it accurate? If there are errors, you'll want to start by getting those corrected. Your attorney can help you file new or amended tax returns, work with the government to correct mistakes and even file a tax appeal, if necessary. (There are some other ways to approach tax bills if you think you shouldn't be held responsible for the taxes. Ask your lawyer if you qualify for an offer in compromise or innocent spouse relief.)
Next, your Vermont tax relief attorney will want to analyze your finances. How much can you afford to pay in either a lump-sum payment or on a monthly basis? One of the most common solutions to tax debt is the installment payment plan, which lets you pay off your tax debt gradually. This is an ideal solution if you have monthly income. The primary disadvantage is that you'll continue to be charged interest and penalties until your tax debt is paid in full.
If you're facing serious financial hardships that make it difficult or impossible to pay off your tax debt anytime soon, you may qualify for the offer in compromise program, which lets you settle your tax debt for less pennies on the dollar. You'll pay a non-refundable application fee, so it's important to work with your Vermont tax debt attorney to come up with a settlement offer that stands a reasonable chance of being accepted.
You can also cut your tax debt through a program known as penalty abatement. This erases some or all of the tax penalties you may have been charged, and is available to taxpayers with financial hardships as well as those whose tax debt is the result of an honest mistake with their tax returns.
Finally, you'll want to ask your attorney if you're a candidate for discharging your tax debt through consumer bankruptcy. You must meet very specific criteria to wipe out tax debt through bankruptcy, and there are long-lasting repercussions, so you'll want to discuss this in detail with your Vermont tax attorney.
Find & Hire a Vermont Tax Lawyer
Although you're not required to use a lawyer to solve your tax debt problems, there are several advantages to hiring a Vermont tax relief lawyer.
Your attorney will be your advisor, advocate and guide through the available tax relief solutions. When you hire a lawyer, you're getting the assistance of someone who's spent years learning about the federal and Vermont tax laws—both while in law school and on the job representing countless clients facing tax debt problems just like yours. That education and experience works to your advantage in solving your delinquent tax problem.
If you're ready to find and hire a Vermont tax debt lawyer, then you've come to the right website. Attorneys.com offers a free service that can help you locate a tax attorney in your area. To use our service, complete the form on this page or call us at 877-913-7222. Whether you live in Burlington, Colchester, Rutland or elsewhere in Vermont, we'll quickly connect you to a local tax attorney.