Tax Relief Frequently Asked Questions

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The world of tax law can be confusing and makes your current situation difficult to navigate. Fortunately, you are not alone! With the aid of an Oklahoma City tax attorney, you can better understand your legal options. Check out our frequently asked questions below to get started or, contact The Carver Law Office, PLLC, to arrange a confidential case evaluation.

What is the best way to avoid a federal tax lien?
Tax liens occur when you miss important tax deadlines. If incurred, a lien can impact several aspects of your life and can create more debt. The best way to avoid a lien is by paying your taxes on time and in full. If you are unable to do so, it is best to be upfront with the IRS before any deadlines have passed.

What is an installment plan?
Installment plans are a way of paying back tax debt in monthly installments rather than in one amount all at once. These plans are typically granted when tax collectors believe you are unable to make a full payment.

How do I set up an installment plan?
To set up an installment plan, you are required to provide a copy of your most recent pay stub to Oklahoma's tax office and may also have to disclose your other assets and bank account information. You are typically required to commit to your monthly payments at the time of your appointment, so it is best to arrive with an amount that you feel comfortable with.

How does the innocent spouse rule work?
The innocent spouse rule applies in situations where one spouse committed tax fraud without the knowledge of the other spouse. You are considered an innocent spouse if you did not know about the fraud, nor could you have known. The IRS will require proof in order for you to qualify as an innocent spouse.

If my bank accounts were frozen by the IRS, what can I do?
It is important to take action right away if your accounts were frozen. The longer you wait, the less time there may be to receive a favorable outcome. You may have to collect information regarding your outstanding tax liabilities, assets, income, and expenses. It is also important to show the IRS that you are equipped to pay your tax debt back in a timely manner. A tax attorney can be especially helpful in this situation.

If I have significant tax debt, can bankruptcy be used to discharge it?
Although it can be difficult, bankruptcy may be used to discharge certain tax debt. In order to qualify, the tax debt in question must have been due three years prior to the date of your bankruptcy. Accordingly, any filings of fraudulent returns will negate any form of bankruptcy discharges.

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