Non-Bankruptcy Tax Resolution in Honolulu and the rest of Hawaii
Looking Over Your Shoulder for the IRS of the State of Hawaii? Have a competent Hawaii Lawyer talk to them for you!
BENEFITS:
Having Back Tax Problems Gets Old!
Once you owe the IRS or the State of Hawaii money, they become very aggressive in their collection attempts. Common collection methods include bank levies, wage garnishments, and even having your home and personal assets seized for sale at auctions. The tax collectors don’t care. They just want to get paid, and they don’t care who pays your taxes. Although bankruptcy is often times your most workable option to eliminate back tax problems, it’s not always the best choice. Therefore, we also offer other solutions to deal with the IRS and State that could help you avoid having to file for bankruptcy.
Offer In Compromise
The IRS allows you to negotiate with them to repay old tax debts. It’s their way of cleaning up an existing mess and encouraging you to get back into the system. The Offer In Compromise program is based on supplying the IRS or the State with financial information about you which will show them, hopefully, that you’re entitled to a break on repayment of the whole liability. And, depending on how bad your net worth and current income looks, you’re often entitled to a “pennies on the dollar” settlement.
Penalty Abatement
Unfortunately, tax problems just continue to get worse and more and more costly with new penalties and interest being added each day. If your reason is justified for failing to file your return, pay your taxes on time, or forget to do any myriad of tax compliance steps, we may be able to negotiate an abatement of your tax penalties and the interest associated with them. There are many grounds the IRS and the State typically consider “reasonable cause” for avoiding the assessment of a penalty. Maybe your situation qualifies.
Innocent/Injured Spouse Relief
If you were unaware of some of the failures on your spouse’s part to be forthright on your joint tax return, then the taxing entities allow a simple approach to relieving you from the responsibility of shouldering your half of the tax burden. Special forms and facts are brought to the IRS and the State of Hawaii’s attention.
Installment Agreements
If your situation just falls outside the parameters of the Offer In Compromise, Penalty Abatement, or Innocent/Injured Spouse programs, then the IRS and the State will still accept a repayment of your tax liabilities on an installment basis, if we can convince them that that’s the most effective and efficient way of collecting the tax. Installment agreements relating to taxes under a certain dollar amount are relatively automatic, while higher tax liabilities can often require significant negotiating to prevent a levy or seizure from taking place.
Releasing Tax Liens and Levies
As a preliminary step in dealing with the taxing entities with an Offer In Compromise, Installment Agreement, or other program, we often need to act quickly in order to delay, avoid, or release their powerful lien and levy capabilities. This can be accomplished often times if we can explain that our offer to them is the most effective and unobtrusive form of satisfying the tax liability.
Trust Fund Penalty Relief
If you’re one of the unfortunate taxpayers assessed as “the responsible party” for failure to pay employment taxes, and you’re questioning the accuracy of the IRS or State’s assessment, then let us intercede on your behalf. If the taxing entity acts to lodge this heavy-handed tax on you, and you fail to respond in time, then you will be saddled with the most onerous of all tax liabilities. It can never be discharged in bankruptcy and is attended by significant interest and penalties.
Yes, there are ways to end IRS and State of Hawaii tax problems, but you must decide to end them. No one else can decide for you. Our firm assists in ending the misery, but you must take the first step. I can help you explore all the choices and options.
Time May Be Critical In Your Case. Give Us A Call Today At (808)528-4274
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