If you fail to pay what you owe to the IRS on time, the government won’t just wait patiently for you to resolve the situation. The IRS imposes tax penalties and fines on your account almost immediately after you miss the due date. The longer you wait to pay what you owe or negotiate a tax settlement, the worse your income tax penalties will become. Eventually, you might even face seizure of your assets or your business to cover your debt. Don’t let a tax penalty mean the end of your financial well-being. You can trust Tax and Financial Planning of Charlotte for experienced and knowledgeable tax abatement and tax debt reduction services. So, if you live in, or own a business in, the greater Charlotte area, call today to schedule your free initial consultation!
Depending on your specific financial and tax circumstances, you might be dealing with tax penalties including:
- Fines and interest on your account
- Wage garnishment to cover your debt
- Tax liens against your assets
- Tax levies, representing seizure of your assets
Luckily, if you meet certain eligibility guidelines, you may be able to receive penalty abatement. You may also be able to negotiate tax settlements to help you resolve your debt once and for all. For instance, the tax settlement known as an offer in compromise promises major tax debt reduction in exchange for assurance that you’ll pay the remainder of what you owe, while an installment agreement will allow you to pay your tax debt off in manageable monthly payments. You’ll need a tax abatement professional on your side to ensure that you get the best possible result in your dealings with the IRS, which is where Tax and Financial Planning of Charlotte comes in.
Our firm is fully licensed and insured for all of the IRS settlement and penalty abatement services we offer. We have four decades of experience in the industry, so whatever tax settlements are right for your case, you can count on our team for some of the most attentive and skilled workmanship in Charlotte and the surrounding area. Our customer service is top-notch, as well. We understand that when you’re facing a tax penalty, you need a competent, caring, and knowledgeable tax attorney by your side throughout the IRS debt forgiveness process.
We Know Your Taxes Settlement Options
From an offer in compromise to innocent spouse relief, Tax and Financial Planning of Charlotte is well-versed in all of the taxes settlement options available to our individual and business clients. We can look at the income tax penalties you’re facing and come up with a customized plan of action to bring you relief. We can negotiate an IRS settlement to help you pay what you owe while stopping wage garnishment, appealing tax liens and levies, and putting you back on firm financial footing once more. Call or email Tax and Financial Planning of Charlotte to learn more about what we can do for you!