Taxpayers all over the country have many different options to settle their tax debt for less than what they owe. But, unless you’re absolutely sure that which one works best for you, let Grand Junction tax debt attorney help you with that. A tax attorney is an expert in all aspects of tax law. They will help you decide how to legally settle your outstanding debt, whether through an Offer in Compromise (OIC), tax mitigation, or lump sum payment.
If you’re considering an OIC, it’s important to know that it won’t be the cheapest option available. However, if you do a little research into the process, you’ll find that an OIC will save you more money than you realize over the long run. There are several benefits to an OIC. First, it eliminates all collection calls from the IRS. Most people who receive an OIC are required to respond in writing within a few days, so by contacting the IRS first, you’re already ahead of the game.
Next, there’s the issue of commercial bathroom doors. Commercial bathroom doors, like any other door used for business, come with both federal and local tax liens. While tax liens will likely not hold up in court against you, liens on commercial bathroom doors will. The consequence of this is that, while you may be able to negotiate a lesser liability with the IRS, you may not be able to recoup the full amount you’re owed. An experienced Grand Junction tax attorney will be able to work a deal that satisfies your budget and still keeps you financially protected.
Another consequence of not keeping your commercial doors in good condition is that you risk losing your federal tax incentives. In most cases, the incentive money is not taxable income, so you will not owe taxes on it. If your commercial bathroom doors are in poor condition or unsafe for the person who uses it, you could lose that tax incentive. This isn’t something that most people will need to worry about. However, if a serious plumbing emergency occurs, you might find yourself out of luck.
A third consequence is that commercial bathroom cabinet doors don’t protect you from leaks and other water damage. No matter how careful you are with your water lines, moisture can penetrate through. In addition, mold and mildew can form as a result of damp conditions. A skilled tax attorney will be able to prevent liens and keep your business in compliance with tax laws. If a problem arises, your attorney can help you get your tax debt dismissed, lower your tax liability, and recover your losses. Additionally, your attorney can help you obtain lost time and back pay, as well as negotiate a payment schedule that meets your budget.
Your door may be old and brittle. It may be falling down or have rotting hardware. It may even have had a fire. If your door is not in a good condition, you could be risking the safety of your customers or employees and your ability to stay on the books.