Our team of qualified tax attorneys take on each case with the utmost confidence.
Every expert on our team has extensive experience in taxation and tax debt relief.
We will work to negotiate a settlement or amnesty on unpaid back taxes. We can facilitate
tax relief from IRS and state tax problems. We can consolidate your debt and create
realistic payment plans. We can have a levy or garnishment halted in the case that
you are already facing collection action due to unpaid taxes. No matter the situation,
RK Attorneys will assess your case and determine the best feasible course of action
to diminish your tax problem in a timely and cost efficient manner.
Our team has handled thousands of tax cases, most likely some of them very similar to
your situation. Call us for a free consultation to see if you qualify for an Offer In
Compromise, a penalty abatement, or other tax relief.
Offer in Compromise (OIC)
An Offer in Compromise (OIC) is an agreement filed by a taxpayer which offers a payment
to the IRS that is less than the full amount of tax debts owed. Once the IRS has establishes
your need for tax relief under one of the following premises they may approve your OIC.
Our attorneys have the experience and knowledge to not only deal with OIC's but to
repeal OIC's that have been revoked.
The IRS will accept an OIC if the amount offered is equal to or greater than
the reasonable collection potential (RCP). The RCP determines the value of the
taxpayer's assets; such as property and cars, as well as any expected future income.
Types of OICs
The IRS may accept an offer in compromise if any of these factors prove to be true:
1. Doubt as to Collectability -
Doubt exists that the taxpayer could ever pay the full amount owed within the remainder of the legal time for collection.
2. Doubt as to Liability -
A genuine doubt or disagreement regarding the amount of tax debt owed as claimed by the IRS.
3. Effective Tax Administration -
There is no doubt that the amount owed is correct and there is potential to collect, but an exceptional circumstance like; hardship, public policy, and equity exist as factors when deciding to negotiate an OIC settlement.
4. Identity Theft -
The taxpayer should not be liable for the amount due because they were a victim of identity theft and did not earn the income that was reported.
The IRS can audit you for any year and determine that you owe additionally to what you had originally paid in. When you are audited for one year and inconsistencies are found, you typically will be audited for two more years.
Handling an IRS audit on your own can lead to mixed results and is an extremely difficult task. At RK Attorneys, the attorney assigned to your case will go through all of your audit documentation, represent you before the IRS, and make sure you get the best result possible. When the audit is over, if it is determined that you have an additional tax due, your attorney will handle the rest of your case, reaching a tax resolution that you can afford.
RK Attorneys also offers programs which allow assistance and relief in paying your state taxes. Since, often those who the IRS, also owe state taxes. And since the state's taxpayer pool is smaller than that of the IRS their tactics are more aggressive in their collection efforts. Our tax attorneys and professionals feel the utmost confidence in assisting our clients to move forward on such actions as State OICs and Penalty Abatement.