Short Hills, New Jersey
51 JFK Parkway First Floor West
Short Hills, New Jersey 07078
Phone: 551-226-9927
Toll-Free: 866-236-4TAX
Email: info@freemantaxlaw.com
Tax Resolution Attorney Serving New Jersey
Attorneys Specializing in Offer in Compromise, Installment Agreements and Placement Into Currently Non-Collectible Status
If you have accumulated IRS debt that you cannot pay, the Law Offices of Jeffrey S. Freeman can help you determine effective alternatives to remove or minimize your tax debt. Unpaid and ignored tax debts are a serious problem. You face the realistic possibility of wage and bank garnishments, tax liens, seizure of property and/or assets, excessive interest and penalties, and other possible serious consequences.
Various law firms and "tax resolution" companies frequently make unrealistic promises about their ability to settle your outstanding tax debt for "pennies on the dollar." In the overwhelming majority of cases, these claims are simply too good to be true and should be considered with caution. Our law firm can help you determine which options will best resolve your outstanding tax liability.
Offer in Compromise
An offer in compromise allows taxpayers to settle their debt for less than their outstanding balance based on their ability to pay. Very specific requirements and laws govern your potential ability to acquire an offer in compromise. Our professional tax law team will review your specific situation, while taking the necessary measures to determine your eligibility for an offer in compromise. Contact us now to discuss whether you qualify for this beneficial program.
Installment Agreements
Installment agreements can be negotiated to full or partial payment of your liability over an extended period. Our team of seasoned tax attorneys and accountants can review your finances and negotiate a payment arrangement on your behalf. This agreement will allow you to remain in compliance with current tax obligations, as well as pay back all or a portion of your tax liabilities over an extended period.
Currently Non-Collectible Status
If you do not have the financial resources to pay your tax liabilities in full or in part, an installment agreement or an offer in compromise may not be possible. In this case, our team of experienced tax attorneys will work with the IRS to obtain a determination that places you in a "non-collectible status." You may be able to defer payment of tax liabilities for an extended period based on your unique financial situation. All collection actions will then cease, and there will be no pressure to pay your tax bill at this time.
Penalty Abatement
For certain reasons, e.g., medical conditions, family issues, destruction of records, theft, etc., it may be feasible to seek abatement of tax penalties. Depending on the specific facts of your case, our innovative tax attorneys will request that penalties and penalty-related interest be removed from your tax liabilities. The removal of penalties and penalty-related interest can substantially reduce your tax liability.
Solutions to Reduce and Overcome Tax Debt
Many people are suffering from adverse tax situations due to various unique circumstances. The IRS, New Jersey Division of Taxation and other authorities place a high priority on ensuring taxpayer compliance. These authorities will take into account the taxpayers' current living expenses, income and assets, health status, and other factors. Our experienced team will focus on presenting your situation in the most favorable light and obtaining the best possible resolution in your case.
Contact the Law Offices of Jeffrey S. Freeman now to speak with a lawyer who will advise you of all your options under the law. Founded in Michigan, our respected tax law firm has a location in New Jersey to serve clients across the state, including people in Somerset County, Morris County, Hunterdon County, Essex County, Union County, Millburn, Chatham Township and Summit.
