Ladson Tax Relief Attorney
Paying your federal and state taxes is a regular responsibility you should never miss. Fortunately, there are tax relief options that you can utilize to make this obligation not as overwhelming as you might think.
Our Ladson tax relief experts can help you find ways to reduce your monthly tax bill and outstanding tax liabilities (e.g., penalties, interests, debts) as much as legally possible. We will identify which expenses or income can be excluded from your tax amount and, if necessary, help resolve your tax debts.
Defense Tax Partners has already helped thousands of taxpayers reduce their tax liabilities, giving them more financial stability in the process. More importantly, we are well-versed in both federal and state tax laws—letting us cater to more than just your need for tax relief.
Talk to us about any of your tax concerns, and we can help you address them as soon as possible!
Call Defense Tax Partners at (803) 258-6729 for your Free Consultation with a Ladson Tax Relief expert!
How to Get Tax Relief
Both the Internal Revenue Service and the South Carolina Department of Revenue will ensure that you pay the right amount of tax, imposing penalties if you fail to do so. However, you shouldn’t pay more than what you’re only required to pay. This is where our Ladson tax relief expert can help.
Aside from lowering your monthly tax payments, we can also help you settle your tax debts. Regardless of how much money you owe to the IRS or how complicated your situation has become, our tax experts can help you reach a settlement agreement.
Here are some forms of tax relief available for every taxpayer:
1. Tax deductions – There are certain expenses and contributions that you can subtract from your adjusted gross income. This will then lower your taxable income and, therefore, lower your tax bill as well. Depending on your situation, we might recommend the use of standard deductions or itemized deductions.
2. Tax credits – These are expenses that can be subtracted from your actual tax amount dollar for dollar. Tax credits can lower your tax bill better than tax deductions and are divided primarily into three categories: (1) tax credits for people with kids, (2) tax credits for investing in education or for retirement, and (3) tax credits for big-ticket ‘green’ purchases.
Tax credits include:
- Child tax credit
- Child and dependent care credit
- Earned income credit
- Adoption credit
- The saver’s credit
- American Opportunity credit
- Lifetime Learning credit
- Residential energy tax credit
- Plug-in electric-drive motor vehicle credit
3. Tax exclusions – These are income or assets that are non-taxable, therefore, not required to be reported on your gross income. Our lawyers can help you determine if you have assets that are not taxable.
4. Tax debt forgiveness – The money you owe to the IRS can also be reduced or can be paid through a more manageable installment plan. Other debt forgiveness programs can also allow you to temporarily stop any collection or lower your incurred penalties. We can help you apply for the most suitable program for your case, letting you avoid more penalties and preventing the IRS from levying your properties.
Some of the more common tax debt forgiveness programs are:
- Installment Agreements
- Innocent Spouse Relief
- Offer in Compromise (OIC)
- Currently Not Collectible (CNC)
Credible Ladson, SC Tax Relief Professionals
Finances can be hard to manage at times. Add in your tax responsibilities, and it can get a little bit too much. That is why our Ladson tax relief experts are here to help!
Defense Tax Partners’s goal is to help you fulfill your tax responsibilities without succumbing to a financial crisis at all. We will help prepare your tax return so all deductible expenses, contributions, and non-taxable income will be properly credited to your account.
And if you’re having problems paying off your tax debts, we can help you with that as well. There are various tax debt relief options offered by the IRS and the South Carolina DOR. We can help you go through all of them and determine which one will best help your current financial status.
Talk to us about your specific concern, and our lawyers will help resolve it as efficiently as possible!
Let’s Talk – Compassionate Legal Advice
You can’t avoid paying your taxes. You can, however, keep your payments to a minimum.
Learn all the ways you can lower your tax bill and allow us to help you resolve your debts in the best way possible.
Call Defense Tax Partners at (803) 258-6729 for your Free Consultation with a Ladson Tax Relief expert!