Tax Collections Attorney in Houston, Texas
According to the Internal Revenue Service (IRS), about 143 million taxpayers paid over $1.6 trillion in individual income taxes in 2019. If you live and earn money in the United States, you must pay taxes by reporting your total income and filing income tax returns with the IRS. Failing to file a tax return is a violation of Texas state statute and federal codes. This may attract fines, interest charges, and other penalties. If you need help filing taxes or resolving tax issues with the IRS, it is critical that you consult with a knowledgeable Texas tax law attorney for reliable legal counsel.
Here at my firm, the Law Office of Joseph Onwuteaka, P.C., I am committed to providing experienced legal counsel and guidance to clients facing tax-related issues. I am available to discuss the details of your unique circumstances and help you explore all possible legal options when filing your taxes. Even if you need assistance resolving a tax issue or responding to IRS correspondence, I can offer you the comprehensive legal counsel and advocacy you need to make informed decisions regarding your taxes so that you can move forward with confidence.
My firm also proudly serves clients throughout Texas, including Houston, Harris County, and the surrounding areas. Reach out today to schedule a one-on-one case evaluation.
IRS Tax Collections
When you file your income tax returns, you are required to pay in full. However, if you fail to make full payment, the IRS will send you a bill. This bill starts the IRS tax collection process. The first bill explains the reason for your balance due and requires you to make the payment in full. The bill may outline the taxes due, along with any interest charges and other penalties.
Types of Collection Methods
Once you receive your tax bill from the IRS, it is crucial that you make the necessary arrangements to pay your taxes voluntarily. However, if you do not take any action, the IRS may take collection efforts. Some of their different methods of collection include:
Notice of Federal Tax Lien
A lien is a claim against your asset or property. By filing a Notice of Federal Tax Lien, the government is establishing its interest in claiming your property as a creditor when you neglect or fail to pay your tax debts.
Filing a Bank Levy
An IRS levy allows the authorities to seize your property legally to satisfy a tax debt. The IRS can serve a bank levy, by legal authority, to confiscate and sell your property to satisfy your tax debts, garnish your wages, retirement income, or take money in your bank accounts.
Collection Due Process Hearing
A Collection Due Process (CDP) hearing is a chance to discuss alternatives to the enforced collection and allow you to dispute the amount you owe if you have not had the opportunity to do so. The final notice will advise you of your right to a Collection Due Process (CDP) hearing with the IRS before the authorities take any action to collect.
Statute of Limitations
The statute of limitations for the IRS to assess taxes on a taxpayer expires three years from the due date of the income tax return or the date the taxes were filed.
Tax Compromises and Negotiations
Individuals owing back taxes can pursue relief through various different legal avenues. These legal options include the following:
Taxpayers who earn enough to pay off their back taxes using monthly payments can enter into an installment agreement with the IRS to settle tax debts.
Offer in Compromise
This allows debtors to settle their back taxes for less than the amount owed. The tax authorities will essentially reduce your debts through a settlement offer.
This involves eliminating an imposed tax liability completely. A taxpayer may request for penalty abatement to partially remove their tax liability due to an error or delay on the part of the IRS.
IRS Tax Payment Plans
Depending on your specific situation, the IRS may offer you more time to pay back taxes through the following installment plans:
Short-term Payment Plan: If you owe $100,000 or less in combined tax, penalties, and interest. To be paid within 180 days or less.
Long-term Payment Plan: If you owe a maximum of $50,000 in combined tax, penalties, and interest. To be paid within 120 days or less.
Penalties and Interest
Failure to file your past-due tax returns and previous tax debts can attract late payment penalties and interest charges. Actions that can trigger penalties and interest charges include:
Failure to file
Failure to pay taxes reported on your return
Failure to pay properly estimated taxes
Work With a Skilled Tax Collections
Attorney in Houston, Texas
Filing your income tax returns, resolving tax debt issues, and other tax-related problems often involve complicated legal procedures. Thankfully, you don’t have to face the IRS alone. An experienced Texas tax law attorney can offer you the comprehensive guidance and reliable legal representation you need to file taxes or face the IRS and resolve your issues.
At the Law Office of Joseph Onwuteaka, P.C., I have devoted my career to providing reliable legal guidance and advocacy for clients facing tax-related issues. As a knowledgeable Texas tax attorney, I will review the details of your unique situation, explore all available legal options, and work diligently with you to ensure you’re making strategic decisions with your taxes.
As your legal counsel, I will help you prepare and file your income tax returns and annual taxes. I can handle all communications with the IRS, help resolve any current and past tax issues, and outline a reliable strategy that can help you resolve any lingering tax issues. Reach out to my firm today to discuss your situation with an experienced tax collections attorney. Together, we can work towards a more secure and tax-compliant future for you and your family.
Experienced Tax Collections
Attorney in Houston, Texas
If you need help filing income tax returns or resolving complex tax issues, contact the Law Office of Joseph Onwuteaka, P.C., today to schedule a one-on-one case assessment. I can offer you the comprehensive legal guidance and advocacy you need to navigate key decisions in your tax matters. My firm is proud to serve clients throughout Texas, including Houston, Harris County, and the surrounding areas — so reach out today to get the legal guidance and support you need!