Today, we’ll look at resolving an Illinois Department of Revenue (IDOR) tax debt. If you’ve received a notification from the IDOR or IRS — or perhaps you owe back taxes to the City of Chicago or the State of Illinois — and you’re flipping out: take a deep breath, make some coffee, and then come back. We’ll walk you through the process and then briefly explore some financial recovery options.
Ready? Let’s get to it.
You’re Not Alone: Common Illinois Tax Debt Situations
One of the first things we remind clients with “tax stress” is that they’re not alone; there’s a light at the end of the tunnel. Millions of people have fallen on hard times and gone on to enjoy a clean record and stellar credit. With a little guidance and discipline, the same can be true for you. Our firm has helped taxpayers move forward from tax debt — call us today.
State Budget Crisis Led To Increased Back Tax Hunt
A while back, in an effort to chip away at the state’s deficit, legislators directed the agency to claw back outstanding tax debt, especially back payroll debts. As such, a record number of residents and businesses are under scrutiny.
Working With A Lawyer To Fix Illinois Tax Debt Will Likely Save You Money
Yes, you can work one-on-one with an IDOR agent. However, doing so may cost you more out of pocket than you would have paid using an attorney — and that includes attorney fees!
Bottom line: Tax agents are looking to make money for the state. That’s their job; their mandate. And in pursuit of said goal, they have no problems playing “gotcha” games or using the tax code to their benefit. Now, to be clear, we’re not disparaging IDOR or IRS agents. Again, they’re just doing their jobs like the rest of us. But if your goal is to walk away with a settlement that works best for your budget, it’s wise to enlist a tax resolution attorney who can guide you away from common pitfalls and cliffs.
A tax resolution attorney can assist with:
- Notices of examination;
- Back taxes;
- IRS Liens;
- Wage garnishments;
- Payroll tax debts;
- Debt forgiveness requests;
- Tax debt bankruptcy; and
- Installment payment plan agreements.
First Things First: Facing The Issue
Everything is going to be OK, so long as you face your tax obstacle.
Compliance is the first step to resolving Illinois Department of Revenue debt. And the first step to compliance is filing your most recent tax return and any outstanding tax returns. Even if you can’t afford to pay them right away, file. We can help you with everything, and even retrieve past tax statements from employers.
And remember, it’s better if you contact the IDOR before they contact you.
Illinois Department of Revenue Tax Debt Relief Options
The Illinois Department of Revenue is willing to make amends. Agents DO strike deals. We’ve been able to get clients’ tax debts reduced by up to 90 percent! Instead of paying a lump sum, we’ve negotiated deals that give clients between 12 and 36 months to gradually pay back delinquencies. Please note, however, that every case is different and in order to secure a back tax debt payment program, you’ll likely need to put 25% down.
Are you trudging through murky financial waters? Our team will negotiate an offer in compromise and convince authorities that you cannot pay the determined amount. We can also help you file for “uncollectable status,” which keeps collection agents at bay until you get back on your feet.
The Benefits of Using a Lawyer To Negotiate A Tax Break With The Illinois Department of Revenue
If you owe the Illinois Department of Revenue money, it’s best to enlist an Illinois tax law attorney. The negligible investment is worth its weight in gold. Why? Attorneys have the experience and know-how to negotiate with IDOR agents.
Think about it for a minute. The Illinois Department of Revenue has the right to seize real estate, bank accounts, and business assets. Wouldn’t you rather the help of an experienced tax negotiator to ensure those drastic things don’t happen?
Illinois Department of revenue agents can strike deals. We’ve worked with many agents and built solid relationships that can benefit our clients.
We’ve Got Your Back: Connect With A Friendly, Experienced, Non-Judgmental Chicago Tax Lawyer Today
We’re here and ready to help with all of your Illinois Department of Revenue matters. Our team has been doing this for a long time. We know the process. We’ve built relationships. We understand how to secure the best possible tax resolution deal.
If you’re delinquent on your taxes, we can help. Tax crisis resolution is our wheelhouse.
Get in touch today to begin the conversation. The consultation is on us.