IRS Tax Debt Relief Lawyer in Katy, TX

In Debt To The IRS? Let Us Help You.

Do you owe money to the Internal Revenue Service (IRS)? Are you looking for a way to manage your tax debts? If you find yourself owing the IRS, particularly for multiple years, you might be feeling, and rightly so, a high level of anxiety. Few creditors have as much authority to collect as the Internal Revenue Service: 

• They can levy on your bank account. 
• They can garnish your wages. 
• They can even garnish up to 15% of certain types of social security benefits. 

It might feel overwhelming, but it is important to find out your rights and options. Filing bankruptcy is one of several alternatives to consider when seeking solutions to your tax problems. At the Law Office of Corey L. Mills, our Katy IRS tax debt relief attorney helps people resolve debts and get out of difficult financial situations. If you have any questions about resolving tax debt, we are more than ready to help. To schedule a free, strictly confidential initial consultation with an experienced tax relief lawyer, please call our Katy law office at (281) 918-4997 or send us a message directly online.

KNOW YOUR OPTIONS FOR SOLVING TAX DEBT WITH THE IRS

The IRS is a powerful and aggressive debt collector. If you owe money in taxes, the federal government is not simply going to go away on its own. At the same time, there are debt relief options available. No matter how much you owe in tax debt, there is always a path back to financial stability. Depending on your circumstances, you may be eligible to resolve your tax debt with: 

• Installment Agreement (Payment Arrangement): Through an IRS installment agreement, you can catch up on outstanding tax debt—including penalties and interest—over a period of months or years. Under current federal regulations, an installment agreement can last for up to 72 months. If you cannot reasonably catch up on all of the federal tax debt through a 72-month payment plan, you may be eligible to settle it for less than you owe. 
• Office in Compromise (Settlement for Less): Under federal law, the IRS is authorized to reach an agreement called an Offer in Compromise (OIC) that allows an insolvent or financially-challenged taxpayer to fully resolve their tax liability for less than the amount owed. With the help of a skilled attorney, you may be able to get an Offer in Compromise to settle your tax payment for a small percentage of the original amount. 

If you are considering filing for bankruptcy protection, you should speak to your attorney about tax issues. An experienced Texas tax debt relief lawyer can help you take action to minimize your tax liability and help you resolve outstanding payments. 

TWO TYPES OF BANKRUPTCY FOR IRS DEBT

Generally, there are two chapters of the code available to file, Chapter 7 and Chapter 13. Chapter 13 bankruptcy is a repayment chapter, where you repay some or all of your debts over a period of three to five years. It is important to know that you may or may not have to pay the full amount owed to the IRS when filing chapter 13. That varies from case to case based upon a number of factors, some of which are noted below.

Chapter 7 bankruptcy does not involve repayment of debts, and you might be able to discharge some or all of your tax debt, once again depending on a number of factors. 

What are these factors? Well, there are several. Picture a track with hurdles around it, each representing a factor for determining dischargeability. Some of these hurdles would include the age of the tax debt, whether your tax returns were filed timely, whether the returns were substantially correct at the time they were filed, whether the IRS has assessed a different amount owed and whether it has been at least 240 days since that assessment was made. If you are able to jump all of the relevant hurdles, some or all of your tax debt might be dischargeable.

You Can Rely On IRS Tax Debt Relief Lawyer Corey L. Mills

IRS issues are complex, so it is important to consult a professional to figure out the best course of action for your individual situation. Corey L. Mills is a skilled bankruptcy and debt relief lawyer with extensive experience handling complex tax issues. When you reach out to our Katy law office, you will have an opportunity to consult with a Texas tax relief attorney who can: 

• Listen to your story and answer your questions; 
• Conduct a comprehensive review of your financial situation; 
• Organize all documents, records, and information; and
• Take action to protect your rights and solve your financial problems. 

We know that everyone’s financial situation is unique. You deserve personalized guidance and support from an IRS tax relief attorney who is truly invested in getting you the best outcome. Corey L. Mills is standing by, ready to help you find long-term solutions to your financial challenges, including tax debt. 

CALL AN EXPERIENCED ATTORNEY TODAY TO GET THE HELP YOU NEED

At the Law Office of Corey L. Mills, our Texas IRS tax relief lawyer has the experience and skills to help you find your way out of debt. We provide comprehensive, solutions-driven guidance to our clients. For a free, no-obligation consultation, give us a call or fill out the contact form on our website. With an office in Katy, we represent taxpayers throughout the region, including Harris County, Fort Bend County, and Waller County. There is hope, and we are here to help.