Fight for Relief with Dedicated Oklahoma Tax Attorneys
If you cannot pay the tax debt right now, you may be eligible for a postponement of payments under hardship status, you can prove that your monthly expenses prevent you from being able to pay what is owed. The Oklahoma tax lawyers at the Travis W. Watkins Tax Resolution & Accounting Firm are 100% devoted to helping clients fix their IRS issues.
Learn more about hardship status and your options by contacting our firm today.
Over the years, we've helped hundreds of companies and individuals fight for relief and are equipped to take on any case, no matter how complex. In addition, we provide ongoing accounting and bookkeeping services to prevent you from having to deal with this again.
Qualifications for Hardship Status
To find out if you qualify for hardship status (or currently not collectible) the IRS will investigate your financial situation and will expect to receive documents that reflect costs like your mortgage or rent payments, as well as pay stubs. The IRS also will ask about expenses like food, clothing, transportation, and utilities. You must prove that unnecessary economic hardship would be created if the IRS were to collect the taxes they are owed.
IRS may approve hardship status if:
- An exempt organization, corporation, or LLC was liquidated in bankruptcy
- A taxpayer dies and there is no way to collect from the estate or decedent
- An exempt organization, corporation, or LLC cannot pay taxes
- The taxpayer cannot be reached by the IRS even with the address
- The collections statute of limitations expired
- The taxpayer is in a foreign country and the IRS cannot collect
- The IRS cannot find the taxpayer and his or her assets
- The assessment was expired prior to the IRS issuing it
Call to Put Decades of Experience to Work for You
Our Oklahoma tax attorneys provide prompt responses to all your questions. We have represented clients in all different kinds of situations from all walks of life and will tailor our representation to your needs. Discuss your options with a knowledgeable attorney who can fight for relief on your behalf.
If you have questions about hardship status, call (405) 454-8373 today.