Nation`s Largest Tax Resolution Law Firm Negotiates Payment Plans For Taxpayers Owing the IRS $2,4 Million
Released on: September 12, 2008, 10:57 am
Press Release Author: Roni Lynn Deutch, A Professional Tax Corporation
Industry: Law
Press Release Summary: In the month of August 2008, The Tax Lady Roni Deutch and her team of experienced tax attorneys helped a group of clients owing over $2.4 million in back taxes to the IRS. The firm’s attorneys negotiated Installment Agreements with the IRS for their clients. Installment Agreements allow taxpayers to repay all or part of their tax liability in manageable monthly payments.
Press Release Body: North Highlands, CA – The Tax Lady Roni Deutch and her law firm negotiated Installment Agreements for a group of taxpayers owing the Internal Revenue Service (IRS) over $2.4 million in aggregate.
“Trying to pay off a tax liability with one lump sump payment can be difficult, even impossible for thousands of families,” claims Ms. Deutch. “In our current economy, families are having enough trouble just putting food on the table, let alone paying off thousands of dollars in tax debt. Fortunately, my law firm is experienced at helping taxpayers find resolutions that they can afford and, in this case, it was through Installment Agreements with the IRS.”
In August 2008, Ms. Deutch and her law firm, Roni Lynn Deutch, A Professional Tax Corporation represented Installment Agreement clients who owed in aggregate over $2.4 million to the IRS. On average, each client owed approximately $23,000.00. By negotiating with the IRS, Ms. Deutch and her firm were able to get these clients on an average monthly installment plan of $370, with some as low as $50 per month.
Depending on each client’s financial situation and the amount of time the IRS has left to collect on the debt, an Installment Agreement may pay back all or part of the total back taxes owed. Once the IRS has accepted an Installment Agreement, the IRS will immediately suspend all collection efforts, including notices, wage garnishments, bank levies, and asset seizures, and will continue to suspend collection efforts so long as the taxpayer remains current with his or her monthly payments. Although collection efforts are suspended, the IRS may file a federal tax lien against a taxpayer to protect its interest until the tax debt is fully paid. Additionally, interest and penalties will continue to accrue on the outstanding tax debt through the life of the Installment Agreement or until the total balance due is paid in full.
“All of my firm’s Installment Agreement clients have the intention to fully pay the amount they owe to the IRS. However, they may not have the financial means to do so in a single payment. This inability to fully pay their IRS tax debt is in constant conflict with the IRS’s desire to collect as much as they can, as fast as they can,” states Ms. Deutch. “Nevertheless, our office has had success representing individual and business taxpayers and negotiating with the IRS to establish affordable and manageable monthly payments. Our representation can provide taxpayers the relief they deserve and ensure that the IRS doesn’t cause additional financial hardship.”
Installment Agreements are only one of the various services that Roni Lynn Deutch, A Professional Tax Corporation offers. The firm has experienced tax lawyers specializing in tax debt relief through a variety of tax relief services including: offer in compromise, currently not collectible status, wage garnishment release, bank levy release, revenue officer assistance, payroll tax representation, tax account review, and full pay service.
Millions of people recognize tax attorney Roni Deutch as The Tax Lady. She has been helping taxpayers nationwide resolve their tax liabilities for seventeen years. As an industry leader, she has saved her clients tens of millions of dollars and has helped thousands of families settle their back taxes.
Web Site: http://www.ronideutch.com
Contact Details: Contact:
Mathew Guiver Roni Lynn Deutch, A Professional Tax Corporation 877-232-8477 Ext. 1914 http://www.ronideutch.com