Businessman with Cash in Briefcase

When you owe money to the IRS, it can be tough to gain control of your finances and remain calm. Your initial reactions may be worry, fear, or stress, but the best thing you can do is take a deep breath and understand that you do have options. In this week’s blog, Raichelson Law, P.C. reveals 5 IRS facts you may not be aware of to help you understand your payment options. Read more

Did the IRS make a change to your tax refund that you disagree with? During tax season, the IRS changes a myriad of checks every year for various reasons. Whether it is simple math error or a mistake you made when filing, you should not worry about the change because there are ways to resolve it. Raichelson Law, P.C. discusses how to appeal an IRS decision if you don’t agree with the IRS’s determination.

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When you are faced with tax controversy or tax debt, you may not know where to turn for relief. Fortunately, there are many options available to you when you cannot afford to pay the IRS. One of these options is called an offer in compromise (OIC). Raichelson Law, P.C. is going to review what you need to know about an OIC and choosing the right team for your debt relief concerns.

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As the middle and lower class continue to pay their taxes (to the best of their ability) and deal with the IRS on a day to day basis, the upper class continues to duck and dodge the IRS bullet of paying taxes. The wealthiest get away with hiding their fortunes by using offshore accounts to avoid paying taxes, and the United States struggles and continues to enforce taxes to be paid by the hard working lower and middle class American citizen. A new level of financial transparency is required for all countries to report all financial information to each other to avoid tax evasion. Until then, the rich will continue to get away with paying taxes.

At the Law Offices of Michael H. Raichelson located in Woodland Hills and Oxnard, California, we focus on tax resolution and bankruptcy.  For those who feel that they are struggling with past tax debt, contact our office and we will help you. 

An offer in compromise is an agreement between the taxpayer and the IRS that settles a tax debt for less than what is owed.  Eligible taxpayers will get a fresh start.  Applying for an offer in compromise does not ensure that the taxpayer will be successful.  It is necessary to hire experienced counsel to walk you through the process.