What to Do When You Cannot Pay Your Taxes

When you need assistance in resolving a tax issue, you can rely on our experience and knowledge to efficiently and effectively respond to the IRS and find a reasonable resolution to your tax problem. The IRS and ADOR will not allow you to delay dealing with your tax problems. However, there is assistance that we can provide to help you deal with the IRS and ADOR.

Rather than let the IRS take your property or bank accounts, you can negotiate a collection alternative to those actions. You can enter into an installment payment plan to pay the full liability. You can also request Uncollectible Account status. Lastly you may qualify for an Offer-in-Compromise (OIC). The type of agreement that works for you depends on your facts and circumstances.

When available, we prefer the OIC option. The basis for an OIC is a formula referred to as “Reasonable Collection Potential” or “RCP.” RCP is effectively the net equity in assets plus the taxpayer’s excess future income for 12 or 24 months, depending upon how the OIC Application is structured. There can be significant planning done to help a taxpayer maximize the potential for the OIC’s acceptance.

If you or someone you know has an issue with paying their federal or state taxes and needs help to end their IRS nightmare, please contact us.

When you need a top Arizona tax lawyer, call:

McFARLANE LAW – A Tax Law Firm

T. 480-991-0032 / e: [email protected]/ net: www.taxlawaz.com

All we do is resolve tax problems! We have years dealing with the local IRS and ADOR agents.

With offices around the Phoenix valley, Tucson, and Flagstaff.

We represent clients at all administrative agency and appeal levels, the Arizona Tax Court, and the federal US Tax Court, and throughout Arizona: Phoenix, Glendale, Peoria, Scottsdale, Mesa, Tempe, Chandler, Queen Creek, Yuma, Casa Grande, Tucson, Sierra Vista, Bisbee, Flagstaff, Prescott, Payson, Coconino County, Yavapai County, Maricopa County, Pima County, Cochise County, Pinal County.