Installment Agreements

If you don’t pay your taxes on time, you will owe back taxes. Back taxes can be a real drain on your finances, especially if you missed paying them on time because you were struggling financially. This leads to further stress and penalties, which can create even more debt. What you need is a plan to pay the IRS in installments you can afford so that you can catch up. This plan is called an installment agreement. Some installment agreements are short term and some are more long term, but all of them include penalties and interest payments, which means an installment agreement is not the best choice for everyone.

Additionally, not everyone is eligible for an installment agreement with the IRS or New York State, and you need to fill out an application in order to get started. This application must be accurately filled out and would benefit from the assistance of a professional. A professional tax attorney can also help you determine if installment agreements are right for you or if there is another solution to your tax debt. If you need an installment agreement attorney in Rockville Centre, NY, look no further than Wynne Law. We can help you resolve your New York State tax debt in a way that works best for your unique situation.

Currently Not Collectible

If you are unable to pay anything toward your tax debt without sacrificing basic needs like food, utilities, and rent, you may be eligible to obtain a Currently Not Collectible (CNC) status from the IRS. With CNC status, you will not be contacted by the IRS to collect taxes, nor will they levy your funds, though you will still accrue interest. Though this situation is not ideal, it is a form of protection to give you some breathing room as you get your finances in order while still being able to afford the basics. At Wynne Law, we help taxpayers in Rockville Centre, NY apply for CNC status and understand the benefits it provides.

Appeals For Rockville Centre Business Owners

Has the IRS denied a request you made or issued some other decision, like a Federal Tax Lien, that you do not agree with? Thankfully, you can file an appeal against an IRS decision. If you file your appeal with the Independent Office of Appeals, the appeal is generally informal, but you do have to make sure to file it by the date noted by the IRS. After the appeals process, the appeals officer will send an official Notice of Determination. If you intend to file a petition with the United States Tax Court, you have 30 days from the Notice of Determination or 90 days from a Notice of Deficiency. This process is more formal, involving a trial in front of a Federal Judge in the location that has jurisdiction over the town where your home is located.

If your dispute is with New York State, you would follow the New York State protocol, which gives taxpayers two avenues for appeal. You can either request an informal Conciliation Conference or file directly with the Division of Tax Appeals. Either way, having the help of a professional tax attorney can be crucial to getting the outcome you hope for. At Wynne Law, we help Rockville Centre taxpayers file appeals and reach successful outcomes.