Tax debt arises when individuals or businesses fail to pay the full amount owed to the IRS on time. What starts as an unpaid balance can quickly grow due to penalties and daily accruing interest, turning manageable debt into a financial crisis. For instance, the IRS charges a 0.5% monthly penalty on unpaid taxes, which can rise to 25%, leaving millions overwhelmed. As the debt grows, the IRS may take aggressive actions like wage garnishments and bank levies, making it even harder to get back on track.
J. David Tax Law offers a solution. Specializing in negotiating significant reductions—often by 50% or more—we provide customized strategies to help you regain control of your financial situation.
As tax lawyers, we frequently receive questions like these about tax debt accumulation, the consequences of unresolved tax debt, and how legal solutions can significantly reduce the amount owed.
1. What is Tax Debt and How Does It Accumulate?
Tax debt arises when an individual or business owes unpaid taxes to the IRS. This debt grows over time as the IRS adds interest and penalties for non-payment. Common causes of tax debt include underpayment, failure to file tax returns on time, and errors in tax calculations.
2. The Consequences of Unresolved Tax Debt
Ignoring tax debt can lead to severe consequences, such as IRS penalties, wage garnishments, and even property liens or levies. The longer the debt remains unpaid, the more it increases due to compounding interest and additional penalties, making it harder to resolve.
3. How a Tax Debt Attorney Can Reduce Your Debt by 50% or More
A tax debt attorney can negotiate with the IRS to lower your debt through legal solutions like Offer in Compromise, Installment Agreements, Currently Non Collectable or Penalty Abatement. These strategies can significantly reduce the amount you owe, sometimes by 50% or more, depending on your circumstances.
Our Comprehensive Tax Debt Relief Services
At J. David Tax Law, we provide a full suite of tax debt relief services to address any and all issues with the IRS:
1. Irs Tax Debt Relief Programs
An expert tax debt attorney will help you navigate IRS programs that offer tax debt relief, including:
Offer in Compromise (OIC): Settle your tax debt for less than you owe by negotiating an Offer in Compromise. This allows qualifying taxpayers to pay a fraction of their total debt, often leading to savings of 50% or more.
Installment Agreements: If paying off your tax debt in one lump sum is impossible, we can help you set up a manageable monthly payment plan through an IRS Installment Agreement under the Fresh Start Program.
Currently Not Collectible (CNC) Status: If your financial situation prevents you from paying your tax debt, we can request non collectible Status status to stop IRS collection efforts temporarily.
Penalty Abatement: We can help reduce or eliminate IRS penalties, which often make tax debt much harder to manage.
In other words we provide the best solutions to our clients providing them with relief from tax debt in no time!
2. Tax Debt Settlement Negotiations
When tax debts spiral out of control, an expert debt settlement attorney will negotiate with the IRS on your behalf. We aim to reduce your debt significantly, protecting you from IRS wage garnishments, tax liens, or bank levies. With four decades of collective experience in tax law.
The tax attorneys at J. David Tax Law has a proven history of securing favorable tax debt settlements for clients.
3. Tax Penalty And Interest Reduction
Unpaid taxes can quickly accumulate penalties and interest, sometimes doubling your debt. A tax debt attorney works to negotiate penalty abatements and reduce interest charges, making your total tax burden more manageable.
4. Irs Audit Representation
An IRS audit can lead to significant tax liabilities and penalties if not handled correctly. If you’re facing an audit, J. David Tax Law will provide full audit representation. We will review your financial documents, prepare responses to the IRS, and work to resolve any discrepancies in your favor. Our goal is to minimize your tax liabilities and ensure compliance with tax laws.
5. Wage Garnishment Relief
If the IRS is garnishing your wages, it can cause serious financial strain. Our wage garnishment relief services stop or reduce garnishments by negotiating directly with the IRS. By setting up payment arrangements or qualifying for hardship status, we work to ensure that you keep more of your paycheck while resolving your tax debt. In most of the cases we can get IRS or State wage garnishments removed within 48 hours.
Worried about wage garnishments or tax liens? An experienced tax debt attorney from our team can negotiate a solution that works for you. Contact J. David Tax Law now at (888) 342-9436 to get started!
6. Tax Lien And Levy Release
IRS tax liens and levies can make it impossible to access your funds or sell your property. We, as professionals, act swiftly to release liens and levies by negotiating payment arrangements or settlements with the IRS. An experienced attorney can successfully secure lien and levy releases for numerous clients, helping them regain control of their assets by providing you with the best tax debt solutions.
7. Payroll Tax Debt Resolution
Businesses that fall behind on payroll taxes face steep penalties and aggressive collection actions. J. David Tax Law helps businesses resolve payroll tax debt by negotiating settlements and payment plans with the IRS. An expert tax debt attorney from our team can work to prevent levies, asset seizures, and other disruptive enforcement actions so your business can continue to operate.
8. Trust Fund Recovery Penalty Defense
The IRS can hold business owners personally liable for unpaid payroll taxes through the Trust Fund Recovery Penalty (TFRP). If you’re facing TFRP assessments, an expert tax debt attorney will defend you by contesting liability and handling your tax debt negotiation to secure favorable payment terms. An attorney will fight to protect your personal assets and reduce your overall tax liabilities.
9. Innocent Spouse Relief
If your spouse or former spouse has left you with tax liabilities, you may qualify for Innocent Spouse Relief. An expert tax lawyer can help you apply for relief, which can remove you from liability for taxes owed on a joint return filed without your knowledge or consent. We will carefully evaluate your situation and guide you through the IRS process to secure the best possible outcome.
10. State Tax Debt Relief
In addition to federal tax debt, many individuals and businesses owe back taxes to their state. Our tax debt attorneys are well-versed in state tax law and can negotiate with state tax authorities to reduce or resolve your state tax liabilities. Whether you owe back income taxes, property taxes, or sales taxes, we’ll develop a solution tailored to your specific needs.
Struggling with overwhelming tax debt? Let us reduce your IRS liability by 50% or more. Call us today at (888) 342-9436 for a free consultation!
Our Debt Settlement Process How We Work?
At J. David Tax Law, we’ve streamlined the tax debt resolution process to get you results quickly and effectively:
Initial Consultation: We offer a free, no-obligation consultation to evaluate your tax situation and discuss your options.
Strategy Development: Our team of debt settlement tax experts develops a customized plan to resolve your tax debt based on your unique circumstances.
IRS Negotiation: We communicate directly with the IRS on your behalf, negotiating settlements, payment plans, or penalty reductions.
Tax Debt Resolution: Once we’ve secured the best possible outcome, we guide you through the final steps to resolve your tax liabilities and get your financial life back on track.
Why Choose J. David Tax Law?
We are committed to providing personalized and effective solutions to every client facing tax debt. Here’s why we stand out:
Decades of Expertise: Our finest professionals and tax attorneys have 40 years of collective experience negotiating tax debt relief and dealing with the IRS representing individuals and businesses in all 50 states. We know the ins and outs of tax law and have a proven record of reducing tax debt by 50% or more.
Client-Focused: We take the time to understand your specific financial situation and tax issues, providing tailored solutions that work best for you.
Proven Results: Our tax law firm has successfully resolved tax debts for countless clients, including individuals, small businesses, and corporations.
Full Representation: From the initial consultation to case resolution, we provide the best tax debt relief services, handling all IRS communications to ensure a seamless and stress-free experience for you.
Take the first step toward FINANCIAL FREEDOM! Contact J. David Tax Law who has helped countless individuals and businesses reduce their tax liabilities by 50% or more! Our comprehensive tax debt relief services are designed to provide you with the relief you need to move forward with confidence. Contact us today for a free consultation to learn how we can help resolve your tax issues.
Need relief from mounting tax debt? We’ll handle the IRS for you and find the best path to financial freedom. Call us at (888) 342-9436 for your free case review today!
Your Tax Relief Questions, Answered
