Ann Brookes Tax Attorney - What We Do
Many people who are dealing with the IRS feel overwhelmed. They spend sleepless nights agonizing over what might happen. They wonder if their home, car and other valuable personal assets will be taken from them. The fear losing your financial security is extremely stressful, but Attorney Brookes can help.
Ann Brookes deals with the IRS every day and is an expert in negotiating fair settlements for her clients. She knows that the government's ultimate goal is to collect a reasonable portion of the amount owed in the least amount of time and is prepared to settle your debt as quickly and efficiently as possible.
The point is there ARE options for dealing with exorbitant tax debts and Attorney Ann Brookes is prepared to help you find the solution that makes the most sense for you. There are several choices that she might discuss with you.
Tax Payment Plans
A payment plan can offer instant relief and allow you to live your life without that black cloud looming over you. Basically, it allows you to pay the government over time with a lower penalty rate. Once established, a payment plan will eliminate IRS attempts to levy your assets or garnish your wages. Attorney Brookes can help you decide if a payment plan is right for you and will handle all the IRS negotiations. She will keep you informed during every step to ensure that you are getting the best possible deal.
IRS - Offer in Compromise
Another way of handling tax debt is through an Offer in Compromise. This is basically a proposal made to the IRS to pay a lesser amount, often in a lump sum. You can submit an offer in compromise under three conditions:
- For legal reasons, you don't believe you owe the money they are trying to collect
- You can't afford to the pay your tax balance and want to settle for an affordable amount.
- It would be unfair to make you pay the full amount because of circumstances in your life- for example, disability.
Most often, Offers in Compromise ("OIC's") are submitted for the second reason, which is called "doubt as to collectibility." In order to make this type of offer, you have to make a full and honest disclosure of your finances to the IRS. This means you have to submit a signed financial statement with documents to show what you have and what you spend. The process can take many months, but the IRS won't levy your assets or wages during this time.
Like any settlement, submitting an OIC has its pros and cons. Attorney Brookes can help you evaluate whether an OIC is the right step for you and she can advise you on an amount that she believes will be a successful offer. She will prepare your offer submission for you and work with the IRS on your behalf through the entire process.
You don't need to go into greater debt while trying to alleviate the financial burdens that are on your shoulders Whether it's a payment plan or an offer in compromise, Attorney Brookes will guide you through the process while taking the steps necessary to hold off IRS collection against your assets while doing so.