Connecticut Tax attorneys to resolve your tax problems

At the Law Offices of Neil Crane, we’ve resolved hundreds of state and federal tax problems for clients throughout Connecticut. In most cases, we are able to solve problems that have continued for many years within weeks or months of our first free consultation. We understand all the legal options available to resolve overdue tax problems for all types of Federal, State and local taxes. With our history of success, knowledge and experience, tax experts, CPAs, tax firms, accountants and other tax professionals have relied on our specialized knowledge. They routinely refer their most difficult tax cases to our office.

Connecticut Tax Professionals Serving CT Residents and Small Businesses

Don’t trust your future to an out-of-state company or a national website. With over 35 years of experience in resolving personal and small business tax problems, we deliver the proper analysis and personal attention your tax problem deserves.

We are a dedicated office of hardworking attorneys who understand the overwhelming pressures of tax debt that can threaten your family or your business. We will promptly and effectively deliver all tax relief available under the law, beginning with a free consultation with an experienced tax relief attorney.

Call us today and speak directly with Attorney Neil Crane. We offer a prompt, free consultation to create a comprehensive solution for your specific needs. Call us at 203-230-2233 or complete our online Contact Form.

Addressing Tax Debt Through Installment Agreements

Our tax debt resolution lawyer knows that one of the most common ways to resolve tax debt is by entering into an installment agreement with the IRS. This option allows taxpayers to pay off their debt over time through monthly payments. Depending on the amount owed, the IRS may offer a streamlined process for qualifying individuals, which can make the arrangement easier to set up. The payment terms are typically based on your ability to pay, and it’s important to ensure the agreement is manageable to avoid default. When you work with us you are getting a team who has helped clients quickly resolve tax debt issues they have been struggling with for years. 

At The Law Offices of Neil Crane, we work with individuals to determine if an installment agreement is the best option for their financial situation. We can also assist with setting up the arrangement and addressing any potential challenges that might arise during the process.

Settling Tax Debt Through Offers In Compromise

An offer in compromise provides a way to settle tax debt for less than the full amount owed. This option is available to individuals who cannot pay their tax liability in full or if doing so would cause financial hardship. The IRS evaluates offers based on the taxpayer’s income, expenses, asset equity, and overall financial situation.

Submitting an offer requires careful preparation, as the IRS reviews applications thoroughly to determine eligibility. If approved, this approach can provide significant relief by reducing the total debt owed. However, it’s important to meet the specific criteria and submit a complete and accurate application to avoid rejection.

Requesting Penalty Abatement

Our tax debt resolution lawyer knows that tax penalties can significantly increase the total amount owed. In some cases, taxpayers may qualify for penalty abatement, which reduces or eliminates penalties assessed on their tax debt. This relief may be granted for reasons such as reasonable cause, reliance on incorrect advice, or a first-time penalty abatement for those with a clean compliance history.

Penalty abatement does not reduce the underlying tax debt but can make repayment more manageable by removing added costs. It’s an effective tool for taxpayers who can demonstrate they acted in good faith and encountered circumstances beyond their control.

Addressing Tax Debt Through Bankruptcy

In some situations, bankruptcy may be a solution for tax debt. Depending on the type of bankruptcy filed, it may be possible to discharge certain types of tax liabilities. For instance, Chapter 7 bankruptcy can eliminate qualifying older tax debts, while Chapter 13 allows individuals to create a repayment plan that includes tax debt.

Not all tax debts are dischargeable, and specific conditions must be met. The timing of the tax assessment, filing, and due dates plays a critical role in determining eligibility. Exploring bankruptcy as an option requires a clear understanding of how it applies to your situation.

Resolving Tax Debt Today

Tax debt can feel overwhelming, but there are legal strategies available to help address it and move forward. Whether through an installment agreement, offer in compromise, penalty abatement, or bankruptcy, taking action is the first step toward relief.

At The Law Offices of Neil Crane, we are committed to helping individuals and families resolve their tax challenges effectively. We have over 35 years of experience helping clients with their tax issues. Contact our tax debt resolution lawyer today to schedule a consultation and let us work with you to find a solution that fits your circumstances and provides a path to financial peace of mind.