Owing money to the IRS is no one’s idea of a good time—especially when your debt is far past due. A failure to pay the IRS on time will likely result in tax penalties and fines on your account. In fact, the IRS typically imposes these penalties as soon as you miss the due date.
Then, as you continue to delay payment, your income tax penalties only increase in severity with every passing day. Eventually, if those tax penalties get high enough, you might even face seizure of your assets or your business to cover your debt.
Don’t let this happen to you! When you need help reducing a tax penalty or negotiating a settlement, call the professionals at David B. Newman, LLC, as soon as possible. We’re here to help taxpayers like you in the Charlotte area get the tax abatement and tax debt reduction you need. Call now to schedule your free initial consultation!
How We Can Assist You With Tax Penalties
At David B. Newman, LLC, we take a personalized approach to every new case, which means your unique set of circumstances will dictate our strategy for handling your tax penalties. You can call us if you’re facing any of the following state or federal tax penalties:
- Fines and interest on your account
- Tax liens against your assets
- Wage garnishment to cover your debt
- Tax levies, representing seizure of your assets
Thankfully, most taxpayers will be eligible for penalty abatement (as long as you meet certain guidelines) to prevent further financial distress for your family or business. You may also be eligible to negotiate a tax settlement to make repayment easier and possibly more affordable. Whether it’s an offer in compromise (which results in a significant tax debt reduction) or an installment agreement (which breaks up your tax debt into more manageable monthly payments), David B. Newman, LLC, will get you the tax abatement you deserve.
A fully licensed tax attorney with 40+ years of experience in the taxation field, our skills with IRS settlement and penalty abatement are second to none. You can count on us to thoroughly assess your case and determine the most effective and favorable solution to your income tax penalties. When you’re facing the stress of a tax penalty, you need our competent, caring, and knowledgeable tax attorney by your side throughout the IRS debt forgiveness process.
Call Now for Swift Tax Settlements!
From an offer in compromise to innocent spouse relief, David B. Newman, LLC, is well-versed in all of the taxes settlement options available to our individual and business clients. We can look at the income tax penalties you’re facing and come up with a customized plan of action to bring you relief. We can negotiate an IRS settlement to help you pay what you owe while stopping wage garnishment, appealing tax liens and levies, and putting you back on firm financial footing once more. Contact David B. Newman, LLC, to learn more about what we can do for you!
David Newman is a licensed attorney belonging to the New York State Bar. He is permitted to solve tax problems and appear before the IRS in the state of North Carolina.