IRS Tax Debt in Kings Mountain, NC

Settle the IRS tax debt that you owe in Kings Mountain, NC when you hire Mitchell Advisory Company. As your trusted tax experts, we help clients just like you settle IRS tax debt in a number of ways. Some of these include the following:

Ways to Settle Your Tax Debt in Kings Mountain, NC

Tax Installment Agreements

So, you owe a lot of money to the IRS, and you’re concerned about how you’ll pay it back? Mitchell Advisory Company can help. We work with clients from different, diverse financial backgrounds in order to help them qualify for a tax installment agreement.

We know how stressful things can get when talking about finances – especially if you know that you’re carrying a lot of debt and/or owe a lot of money to the IRS. On top of that, if you’re not a tax professional, attempting to figure out your complicated tax situation on your own can be stressful and intimidating.

We’re here as King Mountain’s most trusted tax professionals – especially when it comes to sorting through complicated tax returns. We’ll walk you through all of the steps, making sure that you completely understand all aspects of your installment agreement and how it will be applied towards paying off the balance that you owe.

Offer in Compromise (OIC)

When you’re faced with serious tax debt, you may qualify for an offer in compromise (OIC). The offer in compromise is more or less what it sounds like; it is an agreement between the taxpayer and the IRS that essentially allows the taxpayer to pay back tax debt for less than the full amount that is owed.

To be considered for an offer in compromise, you must meet a certain set of criteria from the IRS, which includes your:

• Ability to pay
• Income
• Expenses
• Assets

At Mitchell Advisory Company, we will walk you through the process of an OIC, and we will help determine whether or not you may be eligible as well as whether or not this is the best option available given your unique financial circumstances.

Bankruptcy

People often mistake bankruptcy as a one-stop fix for all of their financial problems. However, this is not the case. In fact, you may or may not even qualify for bankruptcy; it all depends on a number of factors.

At Mitchell Advisory Company, we will sit down with you to determine exactly what your tax debt situation is, how much you owe the IRS in taxes, and how much you can actually afford to pay back.

Throughout the process, we guarantee that you’ll have a thorough understanding of what bankruptcy may mean for your tax debt and financial situation, and we will outline some of the options available to you.

Wage Garnishment

No one likes to have more money taken out of their paycheck than is necessary. However, this is exactly what can happen if you owe the IRS money.

The IRS may garnish your wages in order to satisfy outstanding tax debt owed by you to them. This can occur regardless of whether or not you are a salaried employee or hourly employee. Wages may even be garnished on commissioned work as well as bonuses.

Unlike creditors, the IRS doesn’t need to take you to court to obtain a judgment allowing them to garnish your wages. And in some cases, the IRS can actually garnish more of your wages than most creditors!

In cases like these, it is helpful to have a tax accountant on your side who knows the laws, rules, and regulations surrounding wage garnishment and who can help you resolve any wage garnishment issues you may be experiencing as the result of tax debt owed.

Contact Mitchell Advisory Company today to find out how we can help you get back into good standing with the IRS!

Credit Card Debt Settlement

Most Americans carry some sort of credit card debt. If you’re experiencing trouble with credit card debt, don’t panic; we can help.

Credit card debt can often be consolidated depending on a few different factors. We’ll take a deep dive into your credit card debt to determine whether you qualify for credit card debt consolidation or something else.

Trust us to steer you on the right path as well as help you come up with a comprehensive plan to pay down any outstanding credit card debt that you may owe.

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Resolve Outstanding IRS Tax Debt in Kings Mountain, NC!

At Mitchell Advisory Company, we are Kings Mountain’s most trusted experts for everything and anything related to IRS tax debt. Contact us today by giving us a call at 704-671-2678 for more information.