Binghamton, NY Tax Attorney for IRS and NY Tax Problems

Summary

This text describes common tax problems to people in Binghamton, NY, and how the tax attorneys at IRS Tax Pros can help resolve them. Tax issues, such as unpaid taxes, unfiled tax returns, tax liens and levies, wage garnishment, payroll tax issues, and tax audits, are common and can cause significant stress for individuals and businesses.

IRS Tax Pros offers tax relief and resolution services, including payment plans, offers in compromise, IRS appeals, penalty abatement, currently not collectible status, FBAR and FACTA compliance, tax court representation, New York State Tax Problem Resolution, and business tax solutions.

Attorney Timothy S. Hart, a CPA and tax lawyer, specializes in both IRS and New York State tax issues and offers personalized, client-focused approaches to tax relief. The firm has successfully helped clients resolve significant tax debts and offers free consultations to discuss potential solutions.

Binghamton, NY Tax Attorney for IRS & State Tax Issues

When you’re dealing with a tax issue in Binghamton, NY, the experienced tax attorneys at IRS Tax Pros are here to assist you. We work with you to understand the problem you’re facing and will guide you through tax relief and resolution services you may not be aware of.

Our firm provides tax relief services on any IRS issue and with New York state tax issues. We also work with both individuals and businesses in the Binghamton, NY, area and throughout the rest of the state to help you deal with your serious tax challenges.

Set up a free consultation with IRS Tax Pros to get started today. Contact Attorney Tim Hart to learn more about our services.

Common Tax Problems in Binghamton, NY

If you have a tax issue and need help with unfiled tax returns in Binghamton, first remember that you’re not alone. Tax issues are some of the most common financial problems people face. Americans continue to owe billions of dollars to the IRS in back taxes and penalties, and over half say the complexity of the tax system is frustrating to deal with.

Taxes can be one of the top stressors for individuals and businesses in a given year. When a problem arises, like a missed deadline or an inability to pay, it becomes much more stressful.

Here are common tax problems for Binghamton taxpayers:

• Unpaid taxes: When you owe the IRS taxes and they go unpaid, the issue isn’t just ignored. The IRS and state tax agencies will send you notices and issue penalties for missed deadlines and failing to pay – in addition to accruing interest that increases your balance.
• Unfiled tax returns: It’s also key to file your returns on time. If you don’t, the IRS also has penalties for late filings. Failing to file or pay may also lead to legal trouble and charges, such as tax evasion.
• Tax liens and levies: The IRS or state may also file public tax liens on your property or decide to levy (seize) your assets to cover your tax debt. Aside from potentially losing your property, liens and levies can impact your overall financial health.
• Wage garnishment: The government can also decide to garnish your wages when you haven’t fulfilled your tax obligations.
• Payroll tax issues for businesses: Businesses have several requirements when it comes to taxes, and doing things improperly can lead to penalties and other serious implications of non-compliance.
• Tax audits: Whether you’re an individual or a business, you may also be facing an audit from the NY state tax agency or the IRS. Getting through an audit requires expertise so everything is done correctly and the matter is resolved quickly.

These problems are more common than you may think. Always turn to a Binghamton tax attorney for unpaid taxes. Our team at Timothy S. Hart Law Group is here to assist you with any type of tax problem you’re facing. Schedule a call with us today.

Tax Relief and Resolution Services in Binghamton, NY

Taxpayers dealing with common tax issues luckily have options when it comes to resolution. The IRS and state tax agencies offer a variety of options for paying off debt over time, requesting relief based on financial hardship, or working out another option with the government.

Here are tax resolution services in Binghamton to know:

• Payment plans: One of the most common steps taxpayers take when they can’t pay their tax bill in full is to apply for an installment agreement. Payment plans allow you to make smaller monthly payments until the balance is paid off. Some taxpayers may qualify for streamlined agreements depending on their tax balance.
• Offer in compromise (OIC): One way to settle your debt for less with the IRS is to request an OIC. This is essentially an offer you make to the IRS that’s lower than your balance based on your current finances. You’ll be required to send in your financial information to show your situation.
• IRS appeals: If you receive a penalty, a proposed collection action, or other notice in the mail, you may not agree with the information provided. You can then initiate an appeal that will hopefully ensure the error is corrected.
• Penalty abatement: The IRS allows some taxpayers to remove or reduce their tax penalties. One common example is if you have good tax compliance for the last three years and didn’t have a penalty in those years. The IRS may agree to waive or reduce the current penalty in that case.
• Currently not collectible (CNC) status: CNC is a type of status the IRS puts on your account when you’re dealing with a financial hardship that prevents you from paying taxes. This is just a temporary status, so you’ll have to start paying what you owe when your financial situation changes.
• FBAR and FACTA compliance: There are special regulations related to foreign accounts and reporting. If you have overseas accounts, you need to file an FBAR, which our FBAR attorney in Binghamton can help with.
• Tax court representation: Many taxpayers end up needing legal representation to get their tax matter resolved. Our experienced Binghamton attorney can represent you in tax court.
• New York State Tax Problem Resolution: Don’t forget that not all tax issues are federal and involve the IRS. There are also state-specific tax issues and solutions, including state tax payment plans. Work with an attorney with local expertise.
• Business tax solutions: Businesses can also take advantage of resolutions like setting up installment agreements or applying for penalty abatement when dealing with payroll tax problems.

Whatever challenge you’re dealing with, a solution is out there. Talk to a Binghamton tax relief attorney to talk through your options and take the right steps forward.

Why Choose Tim Hart as Your Binghamton Tax Attorney?

Attorney Timothy S. Hart has been helping Binghamton clients with tax issues for years. He specializes in both IRS and New York State issues, including settlements, offers in compromise, unfiled tax returns, audits, and criminal investigations. Tim is both a CPA and a tax lawyer, so he understands laws and issues from all angles.

NY has specific tax laws to navigate, so it’s key to work with an attorney based in Binghamton who understands local laws and requirements for taxpayers. Our firm takes on a personalized, client-focused approach to ensure clients have long-term tax relief solutions in place.

Contact our experienced tax attorney in Binghamton, NY, today.

Client Success Stories

Timothy S. Hart Law Group recently helped out a client who owed $285,000 in both federal and New York State income tax. The taxes had built up over six years and accrued penalties and interest. To help the client get some relief, we first set up payment plans on federal and state levels. We were able to limit the tax payment to $60,000 through a multi-year installment agreement, saving the client more than $200,000 and ensuring they could afford their monthly tax payment.

We also had a client from Manhattan who owed the state $48,000 in taxes, fees, and penalties. This person didn’t file their taxes for nine years. Our attorney negotiated an offer in compromise with New York, explaining that the client isn’t able to pay the balance because of problems with mental health. We settled the account with the New York State Tax Department for just one payment of $500.

FAQs about Tax Relief and Resolution in Binghamton, NY

How Can a Binghamton Tax Attorney Help with IRS Debt Relief?

It’s important to work with a tax attorney anytime you’re dealing with a New York State tax problem or IRS issue. Tax attorneys will get to know your situation, help you understand tax laws and deadlines, and advise you on the best method to resolve your issue, whether setting up a payment plan, representing you in court, or applying for penalty abatement.

What If I Haven’t Filed Taxes in Several Years in Binghamton?

You may owe an increasing amount of back taxes to the IRS and New York State if you haven’t filed in a few years. A tax attorney will help you assess your exact number, including penalties and interest, and help you get the matter resolved so you avoid further collection action, such as liens and levies on your property.

Do I Qualify for an Offer in Compromise?

When you can’t pay off your full balance, you may consider an OIC. You’re eligible with the IRS on a federal level if you:

• Have filed your tax returns and made any necessary estimated tax payments
• Are not going through bankruptcy
• Have an extension on your taxes for the current year
• If a business made necessary tax deposits for this and the last two quarters

New York considers OIC requests from individuals or businesses who are insolvent or discharged in bankruptcy and individuals who would face undue hardship if they paid in full.

Your OIC request also requires providing information about your taxes and financial situation to either the IRS or tax agency (or both).

Talk to a Binghamton tax attorney for IRS debt relief assistance.

What If I Ignore a Tax Lien or Levy?

When you’re notified that the IRS has filed a lien or levy on your property, never ignore those notices. The agency may move forward with seizing your bank accounts, wages, physical property, or other assets to pay off your taxes. Talk to an attorney right away if you are facing a lien or levy.

Can I Settle My Tax Debt for Less?

Usually, taxpayers have to pay the full balance that they owe, even if it’s split up over monthly installments. However, there are cases where you can settle your tax debt or get penalties waived.

If your account is in CNC status, for example, for the full 10-year period of the statute of limitations for collections, the IRS wouldn’t be able to collect the balance after that time. A partial payment installment agreement (PPIA) allows you to pay monthly installments until the period is up, and then the rest of the balance doesn’t have to be paid.

An OIC also allows you to send an offer of a payment you can afford, which the state or IRS may or may not accept. If they do, you can settle your tax debt for less.

Contact a Binghamton Tax Attorney for Tax Resolution

Tax problems are common in New York. If you live in Binghamton and you’re facing issues like unfiled returns, unpaid taxes, tax audits, criminal charges, or liens and levies, don’t hesitate to contact a tax attorney. Never try to deal with the state and federal agencies on your own, as you want to be sure to get back in good standing and find the tax relief options best for you.

Tim Hart provides tax relief services for Binghamton and surrounding areas of New York. We’ll get to know your unique situation before advising you on the right path forward.

Contact Timothy S. Hart Law Group to set up a consultation with a tax attorney.