Texas Tax Collections
A taxpayer that does not pay when the tax filing is due will receive a bill from the IRS. This begins the collection process, which may continue until either the taxes, penalties, and interest are paid in full or the legal collection period has expired. The bill can amount to thousands or millions of dollars which grows rapidly and can snowball out of control. As a result, taxpayers may feel overwhelmed with no end to the difficult circumstance in sight. Fortunately, taxpayers have options and the experienced Texas tax collection attorneys at Brown, PC are available to help them pursue the right path to resolution.
Our tax firm has assisted individuals and businesses with complicated tax issues for 25 years. Fort Worth IRS collections attorney Lawrence Brown is a former DOJ Tax Division trial lawyer who has handled collection cases from the other side. He applies his insider knowledge to represent taxpayers that face enormous odds.
We represent celebrities, athletes, entertainers, business executives, and other high-profile individuals. We also represent multinational corporations whose brands are household names. These high-level clients typically face big-dollar tax bills with six and seven-figure price tags. Not only do they have a lot to lose, but the government aggressively pursues these big fish with the potential for high dollar returns. Our firm is successful in reaching equitable solutions in exactly these types of complicated high-stakes cases.
What Happens When the Taxpayer Does Not Pay?
Taxpayers may have a good reason not to pay taxes on time. If that is the case, our tax lawyers may be able to negotiate an installment plan with the IRS to bring our client up to date. Otherwise, the IRS has a variety of enforcement methods for going after a delinquent tax bill, including:
- Notice of levy. The IRS seizes property, such as salaries, other income, bank accounts and property.
- Trust fund recovery penalty. The IRS issues this device to recover certain unpaid employment taxes.
- Summons. The IRS obtains information from the taxpayer or third party to what assets the taxpayer has available to pay.
How Our Experienced Texas Tax Collection Attorneys Can Help
A taxpayer should hire legal counsel as soon as it becomes aware of the tax bill delinquency. We can often negotiate a reasonable settlement that provides our clients with substantial savings and extends the payback period. In addition, we protect property from IRS seizure. The IRS’s seizure action can be devastating for individuals who may face foreclosure or the taking of their valuable assets. In addition, we protect businesses that could otherwise be driven into bankruptcy or foreclosure because of large forfeiture proceedings.
Speak to a Texas Tax Collection Attorney Right Away
The IRS can seize money and property which can put you in financial difficulty. Let the Texas tax collection attorneys at Brown, PC protect your rights in collection proceedings for tax delinquencies.