Massachusetts IRS Tax Negotiation Attorney
If you owe taxes to the IRS which you cannot pay, it may be possible to negotiate an Offer in Compromise (OIC), which reduces your tax liabilities. Although the IRS has guidelines in place to determine the amount of an Offer in Compromise, negotiating an OIC is not always a simple or straight-forward procedure. In fact, so many complex factors go into an OIC that you should not attempt it on your own. Your best bet is to engage a tax lawyer who has the expertise and knowledge needed to obtain good results for you.
Theodore L. Craft is an experienced Boston Offer in Compromise attorney. He has successfully negotiated numerous OICs on behalf of clients, and always works to reduce his clients' tax liabilities as much as possible.
For a consultation about your case, contact Theodore L. Craft.
Choosing an Effective Negotiation Strategy
There are only two places the IRS can get the money it is owed — from your assets or from your future stream of income. The key to a successful OIC negotiation then is to convince the IRS that the value of one or both of those is worth less than what the IRS thinks.
Theodore L. Craft will thoroughly review your situation and choose the best negotiation strategy in your case. For example, let's say you owe $1.7 million in taxes but your house is worth only $900,000 in today's real estate market. It may make sense to use an objective appraisal to convince the IRS to negotiate an OIC. In terms of personal income, showing the true level of your expenses may show the IRS that you cannot really pay off your tax liabilities from your income.
Experience and Expertise Make a Difference
Many cases are far more complex than these simple examples. Theodore L. Craft has more than 30 years experience working for the IRS and as a private tax attorney. He has the expertise needed to resolve the complex tax problems of high-asset and high income people. You can depend on Theodore L. Craft to do everything possible to resolve your tax problems in a positive manner.
Learn more about Offers in Compromise, or call 888-TAX-RISK (829-7475) today to talk with Theodore L. Craft.
Contact a Massachusetts IRS Tax Negotiation Lawyer
For a consultation with an experienced tax lawyer, contact Theodore L. Craft.