Handling unpaid back taxes is a daunting task we’re well equipped to tackle. As a Kansas tax attorney firm, we understand the stress and worry you may be experiencing. We’re here to assure you that resolution is possible, and with our expertise in corporate finance, we can help you navigate this challenging situation.
Our role is to represent you in front of the IRS, ensuring you receive fair treatment and the best possible outcome. We’ll help you understand your rights and obligations, and work with you to develop a strategy that suits your unique circumstances.
Here’s a brief overview of how we operate:
Step |
Action |
Outcome |
1 |
Assessment |
Understand your unpaid back taxes situation |
2 |
Strategy Development |
Create a plan tailored to your needs |
3 |
Negotiation |
Work with the IRS to reach a resolution |
4 |
Implementation |
Execute the plan and resolve your tax issues |
Our team of Kansas tax attorneys has extensive experience dealing with unpaid back taxes. We use this expertise to provide you with the best representation and advice, leading to a resolution that meets your needs.
In the realm of corporate finance, understanding tax obligations can be complex. However, with our help, you’ll gain clarity and peace of mind. We’re here to assist you every step of the way, ensuring your unpaid back taxes issue is resolved efficiently and effectively. Trust us to guide you through this process – after all, resolving tax issues is our specialty.
Offer In Compromise
Moving forward from handling unpaid back taxes, we’ll now delve into the topic of ‘Offer in Compromise,’ a potential solution for those grappling with significant tax debt. If you’re in Kansas and find yourself in this predicament, understanding this option is crucial.
An Offer in Compromise (OIC) is a proposal made to the IRS to settle your tax debt for less than the full amount owed. It’s an option that could help many individuals and businesses. But how does it work?
- Review of Financial Situation: IRS will thoroughly review your financial situation. They’ll look at your income, expenses, asset equity and ability to pay.
- Offer Submission: Based on your financial analysis, an amount is proposed to the IRS. It’s ideal to work with experienced CPAs or lawyers for this.
- Payment: If the IRS accepts the offer, you’ll need to adhere to the terms and make prompt payment.
- Compliance: Post acceptance, you must stay compliant with all tax laws for the next five years.
In Kansas, Sam, a seasoned tax attorney, has helped numerous businesses with their OIC process. His understanding of the Kansas sales tax intricacies has proven beneficial for many local businesses.
However, an OIC isn’t for everyone. It’s a complex process and the IRS is particular about who qualifies for it. Therefore, it’s essential to consult with CPAs and lawyers who are versed in these matters. They can help determine if an OIC is a viable approach for your tax situation. Remember, the goal is to find a solution that fits your circumstances and offers the best possible outcome.