Pennsylvania Tax Relief Attorney People Trust
While it can be quite easy for bills from the IRS and creditors to pile up, the consequences of falling behind on payments can be severe.
If you are having trouble with managing your back taxes, income taxes, or any other form of tax debt, Frost Law can help you create an effective tax relief strategy. Our well-versed attorneys can get the resolution you need for your tax problems.
Are you ready to plan your debt free future?
Give us a call at (717) 251-5029 or fill out a brief contact form
Unfiled or back taxes are unpaid or partially paid federal, state, or local taxes. It is important to keep up with these payments as missing them can lead to accumulating interest and penalties.
Income taxes are directly deducted from an employee’s paycheck and are given to the federal and state government. Each individual is placed in a different tax bracket based on their yearly salary, and must pay the appropriate amount based on this categorization.
Tax Relief Methods
Due to our extensive experience and resources, Frost Law can offer its clients a vast number of strategies to tackle their tax issues. These include:
Offer In Compromise (OIC)
OICs allow qualified individuals to negotiate with the IRS for a lower payment amount to settle and clear away their debt. OICs are rare and typically reserved for those who are suffering severe financial hardships.
Currently Not Collectible Status
This is a designation that a person behind on their bills can attain to temporarily halt all active due payments. This status can only be given to those who cannot reasonably pay off their back taxes without incurring economic hardships.
A payment plan is a deal made between the taxpayer and the IRS to pay back any owed taxes within an agreed upon time frame. A person can enter into either a short-term or long-term payment plan based on their specific circumstances.
Bankruptcy is a legal status a person or entity can declare when they have no other means of repaying their debt. There are different types of bankruptcies that can be declared, each with its own benefits and drawbacks. The most common types include:
- Chapter 7 bankruptcy
- Chapter 13 bankruptcy
- Chapter 11 bankruptcy
Our tax relief lawyers can further explain each chapter so that you can better understand which one suits your needs.
Let Our Accomplished Attorneys Build Your Tax Relief Case
Do not make the mistake of taking on the IRS or creditors without the help of our dedicated tax relief attorneys. By leveraging Frost Law’s vast array of skills and resources, you can be free of the financial burdens weighing you and your business down. Get the help you deserve today by contacting (717) 251-5029 for an initial consultation or using our brief contact form.