The Tax Attorney Indianapolis, IN, Trusts

Unlike many other creditors, the IRS does not need to sue you before garnishing your wages. In addition, they might also garnish other income, like Social Security, and put liens on real estate and levy bank accounts.

If you are concerned about your taxes and the IRS, it is vital that you seek the assistance of a tax lawyer. Indianapolis, IN, based Colby J. Leonard is here to help. Because time is of the essence when you’re dealing with the IRS, it pays to have a professional on your side in order to ultimately discharge your debts and hang on to your property.

It doesn’t take much time for penalties and interest to get tacked on to your debts, compounding your state and federal tax issues by the day. Again, a tax attorney can do a lot to curb this, but you need to act fast.

Take advantage of a complimentary consultation with the Law Office of Colby J. Leonard to discuss your particular situation, and find out more about how you can reduce or even eliminate your tax debt. Below are some of the options that might be available:

- Abatement Of Interest Or Penalties: The elimination of penalties and interest can make it easier for you to repay the original debt through a plan. One thing we can do is request that the IRS forgive a portion or all of these.

- Offer In Compromise: We will present the state tax authority or IRS with a settlement offer that is less than the complete amount that you owe.

- Uncollectable Status: Our office might be able to get you qualified for this. You may be able to be declared uncollectable if you are disabled or unemployed, have minimal to no assets or are retired. Once we have secured this status for you, the IRS will stop its collection activities for a while. The uncollectable status is renewable when your situation changes, perhaps even lasting indefinitely.

- Bankruptcy: If the debts you hold in addition to tax debt are significant, bankruptcy may be a viable option for minimizing or getting rid of it.

Bankruptcy Facts

When you file for Chapter 7 bankruptcy, you can have certain tax debt discharged. This is the best option for many clients.

Chapter 13 bankruptcy can make it possible to add tax debt to a repayment plan that you observe over a three to five year period, and avoid the accrued penalties and interest.

Schedule Your Free Initial Consultation

Contact the Law Office of Colby J. Leonard sooner rather than later to set up a free initial consultation. You can call our Indianapolis, IN, office at 317-894-0626 or complete the contact form on this site. We look forward to representing you!